Indemnified Loss definition

Indemnified Loss means any loss, liability, damage, cost or expense, including legal fees and expenses, fines, penalties, and interest expenses, suffered or incurred by an Indemnitee, including damages and liabilities for bodily injury to or death of Persons or losses of or damages to property and including those owed to third parties.

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Indemnified Loss has the meaning set forth in Section 5.3.

Indemnified Loss has the meaning set forth in Section 6.3(b) of this Agreement.

Examples of Indemnified Loss in a sentence

• If the Indemnifying Party fails to make an indemnification payment required by this Article III within 30 days after receipt of a ▇▇▇▇ therefore or notice that an Indemnifiable Loss has been incurred, the Indemnifying Party shall also be required to pay interest on the amount of such indemnification payment, from the date of receipt of the ▇▇▇▇ or notice of the Indemnified Loss to but not including the date of payment, at the Applicable Rate.

• The Indemnitee shall have primary responsibility for the preparation of its Tax Returns and reporting thereon such Indemnifiable Loss Deduction; provided, that the Indemnitee shall consult with, and provide the Indemnitor with a reasonable opportunity to review and comment on the portion of the Indemnitee's Tax Return relating to the Indemnified Loss.

• For purposes of this Section 6.3(b), the Tax Saving Amount shall equal the amount by which the Income Taxes of the Indemnitee or any of its affiliates are reduced (including, without limitation, through the receipt of a refund, credit or otherwise), plus any related interest received from a Tax Authority, as a result of claiming as a deduction or offset on any relevant Tax Return amounts attributable to an Indemnified Loss (the "Indemnifiable Loss Deduction").

• Any party that has received a payment ("Indemnitee") under this Agreement from another party ("Indemnitor") with respect to any Losses or Taxes suffered or incurred by the Indemnitee ("Indemnified Loss") shall pay to such Indemnitor an amount equal to any "Tax Saving Amount" realized by the Indemnitee promptly upon its receipt.

• For purposes of this Section 5.3, the “Tax Saving Amount” shall equal the amount by which the Income Taxes of the Indemnitee or any of its affiliates are reduced (including, without limitation, through the receipt of a refund, credit or otherwise), plus any related interest received by the Indemnitee (net of Tax) from a Taxing Authority, as a result of claiming as a deduction or offset on any relevant Tax Return amounts attributable to an Indemnified Loss (the “Indemnifiable Loss Deduction”).

More Definitions of Indemnified Loss

Indemnified Loss means, with respect to any claim by an Indemnified Party for indemnification pursuant to Article III hereof, any and all losses, Liabilities, claims, damages, obligations, payments, costs and expenses (including, without limitation, the costs and expenses of any and all Actions, demands, assessments, judgments, settlements and compromises relating thereto and reasonable costs of investigation and attorneys' fees and expenses in connection therewith) suffered by such Indemnified Party with respect to such claim.

Indemnified Loss means all claims, demands, liabilities, damages, attorney fees, costs, expenses, and losses as to which either Party is obligated to indemnify the other Party under this Agreement or the Closing Documents.

Indemnified Loss is defined in Section 5.13.1.

Indemnified Loss shall have the meaning specified in Section 9.02.

Indemnified Loss has the meaning given to such term in Section 11.8 of this Agreement.

Indemnified Loss means a cost or loss for which an Indemnitee receives or is entitled to receive a payment from an Indemnifying Party.

Indemnified Loss is defined in Section 7.11.1.