Common use of Insurance Recoveries Clause in Contracts

Insurance Recoveries. The amounts for which an indemnifying party shall be liable under Sections 6.1 and 6.2 of this Agreement shall be net of any insurance proceeds actually received by the indemnified party in connection with the facts giving rise to the right of indemnification.

Appears in 2 contracts

Samples: Limited Liability Company Membership Purchase Agreement (Banyan Corp /Or/), Purchase Agreement (Banyan Corp /Or/)

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Insurance Recoveries. The amounts for which an indemnifying party shall be liable under Sections 6.1 7.1 and 6.2 7.2 of this Agreement shall be net of any insurance proceeds actually received by the indemnified party in connection with the facts giving rise to the right of indemnification.

Appears in 2 contracts

Samples: Asset Purchase Agreement and Plan of Reorganization (Orthologic Corp), Asset Purchase Agreement And (Orthologic Corp)

Insurance Recoveries. The amounts for which an indemnifying party shall be liable under Sections 6.1 9.1 and 6.2 9.2 of this Agreement shall be net of any insurance proceeds actually received by the indemnified party in connection with the facts giving rise to the right of indemnification.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Manitowoc Co Inc)

Insurance Recoveries. The amounts for which an indemnifying party shall be liable under Sections 6.1 10.1 and 6.2 10.2 of this Agreement shall be net of any insurance proceeds actually received by the indemnified party (or NuTool, if ASM is the indemnified party) in connection with the facts giving rise to the right of indemnification.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Asm International N V)

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Insurance Recoveries. The amounts for which an indemnifying party shall be liable under Sections 6.1 10.1 and 6.2 10.2 of this Agreement shall be net of any insurance proceeds actually received by the indemnified party (or GPP or any Affiliate, if Brigxx xx the indemnified party) in connection with the facts giving rise to the right of indemnification.

Appears in 1 contract

Samples: Agreement and Plan of Merger (GPPW Inc)

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