Common use of Losses Net of Insurance, Etc Clause in Contracts

Losses Net of Insurance, Etc. (a) The amount of any Loss for which indemnification is provided under this Article IX shall be net of any amounts actually recovered by the Indemnified Person, or which the Indemnified Party is entitled to recover, under insurance policies with respect to such Loss and of any related reserve in respect thereof reflected on the Closing Statement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Vought Aircraft Industries Inc), Asset Purchase Agreement (Northrop Grumman Corp)

AutoNDA by SimpleDocs

Losses Net of Insurance, Etc. (a) The amount of any Loss for which indemnification is provided under this Article IX shall be net of any all amounts actually recovered by the Indemnified Person, or which the Indemnified Party is entitled to recover, Person under insurance policies with respect to such Loss and shall be net of any related reserve in respect thereof reflected on the Closing StatementBalance Sheet.

Appears in 2 contracts

Samples: Stock and Interest Purchase Agreement (Magnetek Inc), Stock Purchase Agreement (Magnetek Inc)

Losses Net of Insurance, Etc. (a) The amount of any Loss for which indemnification is provided under this Article IX X shall be net of any all amounts actually recovered by the Indemnified Person, or which the Indemnified Party is entitled to recover, Person under insurance policies with respect to such Loss and shall be net of any related reserve in respect thereof reflected on the Closing StatementBalance Sheet.

Appears in 1 contract

Samples: Asset Purchase Agreement (Magnetek Inc)

AutoNDA by SimpleDocs

Losses Net of Insurance, Etc. (a) The amount of any Loss for which indemnification is provided under this Article IX X shall be net of any all amounts actually recovered by the Indemnified Person, or which the Indemnified Party is entitled to recover, Person under insurance policies with respect to such Loss and shall be net of any related reserve in respect thereof reflected on the Final Closing StatementBalance Sheet.

Appears in 1 contract

Samples: Asset Purchase Agreement (Magnetek Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.