Common use of Mitigation of Loss Clause in Contracts

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 (

Appears in 2 contracts

Samples: License Agreement, License Agreement (PharmaCyte Biotech, Inc.)

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Mitigation of Loss. Each Indemnified Party shall will take and shall 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 9 (or

Appears in 1 contract

Samples: License Agreement (Spero Therapeutics, Inc.)

Mitigation of Loss. Each Indemnified Party shall will take and shall will procure that its Affiliates and Sublicensees take all such reasonable steps and action actions as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Third Party Claims (or potential losses or damages) under this Article 9 10 (Indemnification; 132941282_13 Damages). Nothing in this Agreement will or will be deemed to relieve any Party of any common law or other duty to mitigate any losses incurred by it.

Appears in 1 contract

Samples: License and Collaboration Agreement (LianBio)

Mitigation of Loss. Each Indemnified Party shall take take, and shall procure that cause its Affiliates take to 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 (Loss upon becoming aware of any event or potential losses circumstance that would be reasonably expected to, or damages) under this Article 9 (does, give rise thereto, including incurring costs only to the minimum extent necessary to remedy the breach that gives rise to such Loss.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sunpower Corp)

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Mitigation of Loss. Each Indemnified Party shall will take and shall will procure that its Affiliates Affiliates, Affiliated Entities (to the extent applicable) and sublicensees take all such reasonable steps and action actions as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Third Party Claims (or potential losses or damages) under this Article 9 (ARTICLE XIV. Nothing in this Agreement will or will be deemed to relieve any Party of any common law or other duty to mitigate any losses incurred by it.

Appears in 1 contract

Samples: Exclusive License Agreement (LianBio)

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 claims (or potential losses or damages) under this Article 9 14 (

Appears in 1 contract

Samples: Confidential Collaboration and License Agreement (Sangamo Therapeutics, Inc)

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