Transco Parties definition
Examples of Transco Parties in a sentence
Purchaser agrees to seek to recover insurance proceeds or amounts owing from Transco Parties other than the Companies or the Subsidiaries simultaneously with pursuing an indemnity claim against the Shareholder under this Agreement and, if the Shareholder shall be required to pay any amount as a result thereof, the Shareholder shall be subrogated to the rights of the Purchaser, the Companies or the Subsidiaries to the extent of any liability of third parties thereunto.
The Shareholder's indemnity obligations under this Agreement shall be reduced by insurance proceeds that Purchaser recovers in connection with an indemnified matter and from amounts that Purchaser recovers from all Transco Parties other than the Companies and the Subsidiaries.