Examples of Sum Recovered in a sentence
The Seller Debenture shall be exclusively paid in the form of Seller’s Common Stock, provided, however, that the principal balance due hereunder shall be reduced on a dollar for dollar basis in an amount equal to any Distributions paid by JVCo, including, without limitation, proceeds from Lump Sum Recovered Amounts, to Buyer and/or its Related Persons under the JVCo Operating Agreement.
If the amount paid by the Sellers in respect of the claim is less than or equal to the Sum Recovered, the Purchaser Indemnified Person shall immediately pay to the Sellers an amount equal to the amount paid by the relevant Seller.
The Seller Debenture shall be exclusively paid in the form of Seller Common Stock, provided, however, that the principal balance due under the Seller Debenture shall be reduced on a dollar for dollar basis in an amount equal to any Distributions paid by JVCo, including, without limitation, proceeds from Lump Sum Recovered Amounts, to Buyer and/or Attis under the JVCo Operating Agreement.
For the purposes of this Section "Sum Recovered" means an amount equal to the total of the amount recovered from the other person less all reasonable costs incurred by the Purchaser Indemnified Person in recovering the amount from the person.
In the event that Sellers make any payment to a Purchaser Indemnified Person for indemnification and the Purchaser Indemnified Person subsequently recovers from another person an amount which is referable to the matter giving rise to the claim then if the amount paid by the Sellers is more than the Sum Recovered the Purchaser Indemnified Person shall immediately pay to the relevant Seller the Sum Recovered.