Third Party Awards definition

Third Party Awards means any actual recoveries from third parties by the Indemnified Party (including, without limitation, from insurance and third-party indemnification) in connection with the claim for which such party is also potentially liable, net of any costs or expenses incurred in obtaining such recoveries.

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Third Party Awards means any recoveries from third parties by a Buyer Indemnitee or Sellers’ Indemnitee, as the case may be (including from insurance and third-party indemnification) in connection with Losses for which such Indemnified Party seeks or receives indemnification hereunder. For the avoidance of doubt, with respect to any claims of indemnification hereunder by Buyer or either of the Companies, any recoveries from third parties (including from insurance and third-party indemnification) by Buyer, the Companies or any other Buyer Indemnitee shall constitute Third Party Awards.

Third Party Awards means any monies actually recovered (less any amounts expended to obtain such recovery or Losses with respect to such recovery, including any increases in costs associated with or attributable to such recover (including increases in insurance premiums, costs, or deductibles) from third parties by a Buyer Indemnitee or Seller’s Indemnitee, as the case may be (including from insurance and third party indemnification and in each case excluding any Affiliates of or Subsidiaries of a Buyer Indemnitee or Seller Indemnitee) with respect to Losses for which Indemnified Party is entitled to and has sought or received indemnification hereunder.

Examples of Third Party Awards in a sentence

• As used herein, "Third Party Awards" shall mean any actual recoveries from third parties by the party seeking indemnification hereunder (the "Indemnified Party") (including, without limitation, from insurance and third party indemnifications) in connection with the claim for which such party is also potentially liable.

• All Losses hereunder shall be determined net of any (i) Third Party Awards (as defined in this paragraph) and (ii) Tax Benefits (as defined in this paragraph).

• All Damages hereunder shall be determined net of any (i) Third Party Awards (as defined in this paragraph) and (ii) Tax Benefits (as defined in this paragraph).

• All Losses hereunder shall be ------------------------ determined net of any (i) Third Party Awards (as defined in this paragraph) and (ii) Tax Benefits (as defined in this paragraph).

• All Losses hereunder shall be ----------------------- determined net of any (i) Third Party Awards (as defined in this paragraph) and (ii) Tax Benefits (as defined in this paragraph).

More Definitions of Third Party Awards

Third Party Awards means any actual recoveries from third parties by the party seeking indemnification hereunder (the "Indemnified Party") (including, without limitation, from insurance and third party indemnifications) in connection with the claim for which such party is also potentially liable. As used herein, "Tax Benefits" shall mean the present value of any permanent tax related loss, deduction or credits which Parent's regular auditors determine, in their sole judgment, is proper or allowable under applicable law (computed after taking into account any indemnification payment made, including taxes thereon) in connection with a claim for which the Indemnified Party is potentially liable.

Third Party Awards has the meaning given in Section 9.3(a) of this Agreement.

Third Party Awards means any insurance proceeds actually received by an Indemnified Party from insurance policies (including the R&W Policy) in connection with the claim for which an Indemnifying Party is also potentially liable, net of any deductible amounts (except with respect to the Retention under the R&W Policy as provided in §8 of this Agreement) and any reasonable costs and expenses actually incurred by the Indemnified Party and its Affiliates in collecting such insurance proceeds, including reasonable attorneys’ fees, and the projected future premium increases attributable to the making of, or actions to collect, such insurance proceeds.

Third Party Awards means any actual net recoveries by the Company from third parties (including, without limitation, from insurance and third party indemnifications) arising in connection with the any claim for a Loss for which Shareholder is also potentially liable. As used herein, "Tax Benefits" shall mean the then net present value to the Company of any permanent tax related loss, deduction or credits actually used by the Company or any of its subsidiaries (computed after taking into account any indemnification payment made, including taxes thereon) in connection with a Loss for which a Shareholder is also potentially liable.