Common use of Treatment of Indemnification Payments; Insurance Recoveries Clause in Contracts

Treatment of Indemnification Payments; Insurance Recoveries. Any indemnity payment under this Agreement shall be decreased by any amounts actually recovered by the Indemnified Party under third party insurance policies with respect to such Indemnified Losses (net of any premiums paid by such Indemnified Party under the relevant insurance policy), each Party agreeing (i) to use all reasonable efforts to recover all available insurance proceeds and (ii) to the extent that any indemnity payment under this Agreement has been paid by the Indemnifying Party to the Indemnified Party prior to the recovery by the Indemnified Party of such insurance proceeds, the amount of such insurance proceeds actually recovered by the Indemnified Party shall be promptly paid to the Indemnifying Party.

Appears in 20 contracts

Samples: Wafer Supply Agreement (Micron Technology Inc), Wafer Supply Agreement (Micron Technology Inc), Supply Agreement (Micron Technology Inc)

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Treatment of Indemnification Payments; Insurance Recoveries. Any indemnity payment under this Agreement shall be decreased by any amounts actually recovered by the Indemnified Party under third party Third Party insurance policies with respect to such Indemnified Losses (net of any premiums paid by such Indemnified Party under the relevant insurance policy), each . Each Party agreeing agrees (i) to use all reasonable efforts to recover all available insurance proceeds and (ii) to the extent that any indemnity payment under this Agreement has been paid by the Indemnifying Party to the Indemnified Party prior to the recovery by the Indemnified Party of such insurance proceeds, the amount of such insurance proceeds actually recovered by the Indemnified Party shall be promptly paid to the Indemnifying Party.

Appears in 4 contracts

Samples: 2016 Supply Agreement (Micron Technology Inc), 2015 Supply Agreement (Micron Technology Inc), Supply Agreement (Micron Technology Inc)

Treatment of Indemnification Payments; Insurance Recoveries. Any indemnity payment under this Agreement Article 6 shall be decreased by any amounts actually recovered by the Indemnified Party under third party insurance policies with respect to such Indemnified Losses Loss (net of any premiums paid by such Indemnified Party under the relevant insurance policy), each Party agreeing (i) to use all reasonable efforts to recover all available insurance proceeds and (ii) to the extent that any indemnity payment under this Agreement Article 6 has been paid by the Indemnifying Party to the Indemnified Party prior to the recovery by the Indemnified Party of such insurance proceeds, the amount of such insurance proceeds amounts actually recovered by the Indemnified Party shall be promptly paid to the Indemnifying Party.

Appears in 2 contracts

Samples: Master Agreement (Micron Technology Inc), Master Agreement (Micron Technology Inc)

Treatment of Indemnification Payments; Insurance Recoveries. Any indemnity payment under this Agreement shall be decreased by any amounts actually recovered by the Indemnified Party under third party insurance policies with respect to such Indemnified Losses (net of any premiums paid by such Indemnified Party under the relevant insurance policy), each Party agreeing agreeing; (i) to use all reasonable efforts to recover all available insurance proceeds proceeds; and (ii) to the extent that any indemnity payment under this Agreement has been paid by the Indemnifying Party to the Indemnified Party prior to the recovery by the Indemnified Party of such insurance proceeds, the amount of such insurance proceeds actually recovered by the Indemnified Party shall be promptly paid to the Indemnifying Party.

Appears in 2 contracts

Samples: Boise Supply Agreement (Micron Technology Inc), Boise Supply Agreement (Micron Technology Inc)

Treatment of Indemnification Payments; Insurance Recoveries. Any indemnity payment under this Agreement shall be decreased by any amounts actually recovered by the Indemnified Party under third party insurance policies with respect to such Indemnified Losses (net of any premiums paid by such Indemnified Party under the relevant insurance policy), each Party agreeing (i) to use all reasonable efforts to recover all available insurance proceeds and (ii) to the extent that any indemnity payment under this Agreement has been paid by the Indemnifying Party to the Indemnified Party prior to the recovery by the Indemnified Party of such insurance proceeds, the amount of such insurance proceeds actually recovered by the Indemnified Party shall be promptly paid to the Indemnifying Party.. 101243720.3

Appears in 2 contracts

Samples: Wafer Supply Agreement (Micron Technology Inc), Wafer Supply Agreement (Micron Technology Inc)

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Treatment of Indemnification Payments; Insurance Recoveries. Any indemnity payment under this Agreement shall be decreased by any amounts actually recovered by the Indemnified Party under third party Third Party insurance policies with respect to such Indemnified Losses (net of any premiums paid by such Indemnified Party under the relevant insurance policy), each . Each Party agreeing agrees (i) to use all reasonable efforts to recover all available insurance proceeds and (ii) to the extent that any indemnity payment under this Agreement has been paid by the Indemnifying Party Joint Venture Company to the Indemnified Party prior to the recovery by the Indemnified Party of such insurance proceeds, the amount of such insurance proceeds actually recovered by the Indemnified Party shall be promptly paid to the Indemnifying PartyJoint Venture Company.

Appears in 1 contract

Samples: Supply Agreement (Micron Technology Inc)

Treatment of Indemnification Payments; Insurance Recoveries. Any indemnity payment under this Agreement Article 6 shall be decreased by any amounts actually recovered by the Indemnified Party under third party insurance policies with respect to such Indemnified Losses Loss (net of any increased or retrospective premiums paid by such Indemnified Party under the relevant insurance policypolicy as a result of such Loss), each . Each Party agreeing agrees (iA) to use all reasonable efforts to recover all available insurance proceeds and (iiB) to the extent that any indemnity payment under this Agreement Article 6 has been paid by the Indemnifying Party to the Indemnified Party prior to the recovery by the Indemnified Party of such insurance proceeds, the amount of such insurance proceeds amounts actually recovered by the Indemnified Party shall be promptly paid to the Indemnifying Party.

Appears in 1 contract

Samples: Master Agreement (Micron Technology Inc)

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