Mitigation of Loss Sample Clauses

Mitigation of Loss. Each Indemnified Party will take and will procure that its Affiliates take all such reasonable steps and action as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Claims (or potential losses or damages) under this Article 13. Nothing in this Agreement shall or shall be deemed to relieve any Party of any common law or other duty to mitigate any losses incurred by it.
Mitigation of Loss. Each Indemnitee is obligated to use its reasonable efforts to mitigate the amount of any Loss for which it is entitled to seek indemnification hereunder, and the Indemnifying Party shall not be required to make any payment to an Indemnitee in respect of such Loss to the extent such Indemnitee failed to comply with the foregoing obligation.
Mitigation of Loss. If one party to the tenancy agreement breaches it, the other party must take all reasonable steps to limit the damage or loss arising from the breach.
Mitigation of Loss. The Purchaser shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate any losses which in the absence of mitigation might give rise to a liability in respect of any claim under this Agreement.
Mitigation of Loss. Both PARTIES shall take reasonable steps to mitigate any loss resulting from any breach of CONTRACT by the other PARTY. Notwithstanding any other provision of this CONTRACT, the CONTRACTOR shall not be entitled to any increase to the CONTRACT PRICE, if the additional costs and/or losses arising from the event giving rise to any right to the increase in the CONTRACT PRICE is due to the CONTRACTOR's own breach and the CONTRACTOR shall be subject to a continuing obligation to make reasonable and proper efforts to mitigate such delay, cost and/or losses.
Mitigation of Loss. Each Indemnified Party shall take and shall procure that its Affiliates take all such reasonable steps and action as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Claims (or potential losses or damages) under this Article 9 (
Mitigation of Loss. The Insured and its Servicer shall attempt to limit and mitigate loss by adhering to customary servicing standards applicable to delinquent Loans, which may include in appropriate cases, but is not limited to, trying to obtain a cure of Defaults and trying to effectuate a Pre-Arranged Sale or voluntary conveyance of the Property. The Insured shall permit the Company to participate in workout activities for any Loan in Default. Failure of the Insured to materially comply with this Section II., N., with respect to any Loan shall entitle the Company to adjust the Claim Amount by the amount the Company was damaged by such noncompliance. The Company shall attempt to limit and mitigate any loss to the Insured which will not be covered by the Insurance Benefit provided under this Policy.
Mitigation of Loss. Each Indemnitee is obligated to use reasonable efforts to mitigate to the fullest extent practicable the amount of any Losses for which it is entitled to seek indemnification hereunder.