Common use of Mitigation of Losses Clause in Contracts

Mitigation of Losses. Each party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for any claim for breach of or under this Agreement.

Appears in 2 contracts

Samples: Remaining Acquisition Agreement (National Grid PLC), Further Acquisition Agreement (National Grid PLC)

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Mitigation of Losses. Each party The non-Defaulting Party shall use all reasonable efforts to procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 2 contracts

Samples: NXP B.V., Stmicroelectronics Nv

Mitigation of Losses. Each party The parties shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 2 contracts

Samples: Share Purchase Agreement (Kookmin Bank), Share Purchase Agreement (Kookmin Bank)

Mitigation of Losses. Each party Party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for any claim for breach of or under this Agreementagainst the other Party.

Appears in 1 contract

Samples: Preliminary Sale and Purchase Agreement (Hines Global REIT, Inc.)

Mitigation of Losses. Each party Party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Samples: Framework Agreement

Mitigation of Losses. Each party Party shall procure ensure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for to the other Party in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Samples: Business Transfer Agreement (Chemtura CORP)

Mitigation of Losses. Each party Party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for any claim for breach of or under this AgreementLoss.

Appears in 1 contract

Samples: Share Purchase Agreement (Teladoc, Inc.)

Mitigation of Losses. Each party Party shall procure that all commercially reasonable steps are taken and all commercially reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Samples: International Share and Business Sale (Albemarle Corp)

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Mitigation of Losses. Each party Any Indemnified Party hereunder shall procure that all use reasonable steps are taken best efforts and give all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for Liability in respect of any claim for breach of or Indemnification Claim under this Agreement.

Appears in 1 contract

Samples: Master Purchase Agreement (Intel Corp)

Mitigation of Losses. Each party shall procure that take all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses losses which in are the absence subject matter of mitigation might give rise to a liability for any claim for breach of or an indemnity under this Agreement.

Appears in 1 contract

Samples: Project Agreement

Mitigation of Losses. Each party Party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Stolt Nielsen S A)

Mitigation of Losses. Each party Party shall procure that all commercially reasonable steps are taken and all reasonable assistance is given to the other parties Party to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement, provided that such obligations shall not delay a Party’s right to receive indemnification hereunder and Purchaser’s Group (including the Group Companies) shall have no obligations hereunder to pursue claims against a customer of the Group Companies.

Appears in 1 contract

Samples: Sale and Purchase Agreement (PPG Industries Inc)

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