Insurance Offset. The obligation of a party to provide indemnification for any Claim under this Article 8 shall be reduced by the full amount of any insurance realized and paid to the Indemnified Party (or any affiliate thereof) with respect to such Claim or the underlying facts under any applicable policy or policies. The Indemnified Party (or any affiliate) shall use its reasonable efforts to make insurance claims relating to any Claim for which it is seeking indemnification pursuant to this Article 8.
Appears in 1 contract
Sources: Stock Purchase Agreement (Johnson Worldwide Associates Inc)
Insurance Offset. The obligation of a party to provide indemnification for indemnify any Claim under this Article 8 11 shall be reduced by the full amount of any insurance realized and paid to actually collected by the Indemnified Party (or any affiliate thereof) with respect to such Claim or the underlying facts under any applicable policy or policies. The Indemnified Party (or any affiliate) shall use its reasonable efforts to make insurance claims relating to any Claim for which it is seeking indemnification pursuant to this Article 8.
Appears in 1 contract
Insurance Offset. The obligation of a party to provide indemnification for indemnify any Claim under this Article 8 10 shall be reduced by the full amount of any insurance realized and paid to collectible by the Indemnified Party (or any affiliate thereof) with respect to such Claim or the underlying facts under any applicable policy or policies. The , regardless of whether the Indemnified Party (or any affiliate) shall use its reasonable efforts chooses to make submit a claim against such insurance claims relating to any Claim for which it is seeking indemnification pursuant to this Article 8policy.
Appears in 1 contract
Sources: Asset Purchase Agreement (Northland Cranberries Inc /Wi/)