Common use of Reasonable Steps to Mitigate Clause in Contracts

Reasonable Steps to Mitigate. The Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defences, limitations, rights of contribution, claims against third Persons and other rights at law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the Indemnifier. The Indemnified Party’s reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 10, and the Indemnifier will reimburse the Indemnified Party for the Indemnified Party’s reasonable expenditures in undertaking the mitigation of such Losses.

Appears in 3 contracts

Samples: La Libertad Share Purchase Agreement (Yamana Gold Inc), Asset Purchase Agreement, Share Purchase Agreement (Yamana Gold Inc)

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Reasonable Steps to Mitigate. The Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defences, limitations, rights of contribution, claims against third Persons and other rights at law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the Indemnifier. The Indemnified Party’s reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 109, and the Indemnifier will reimburse the Indemnified Party for the Indemnified Party’s reasonable expenditures in undertaking the mitigation of such Losses.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Nouveau Monde Graphite Inc.)

Reasonable Steps to Mitigate. The Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defencesdefenses, limitations, rights of contribution, claims against third Persons and other rights at law Law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the IndemnifierIndemnifying Party. The Indemnified Party’s 's reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 10ARTICLE X, and the Indemnifier Indemnifying Party will reimburse the Indemnified Party for the Indemnified Party’s 's reasonable expenditures in undertaking the mitigation of such Lossesmitigation.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Uranium Resources Inc /De/)

Reasonable Steps to Mitigate. The Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defencesdefenses, limitations, rights of contribution, claims against third Persons and other rights at law Law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the IndemnifierIndemnifying Party. The Indemnified Party’s reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 10ARTICLE XI, and the Indemnifier Indemnifying Party will reimburse the Indemnified Party for the Indemnified Party’s reasonable expenditures in undertaking the mitigation mitigation, together with interest thereon from the date of such Lossespayment to the date of repayment at the Reference Rate.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Dresser Inc)

Reasonable Steps to Mitigate. The Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defences, limitations, rights of contribution, claims against third Persons Third Parties and other rights at law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the IndemnifierIndemnifying Party. The Indemnified Party’s reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 108, and the Indemnifier Indemnifying Party will reimburse the Indemnified Party for the Indemnified Party’s reasonable expenditures in undertaking the mitigation of such LossesLoss, together with interest thereon from the date of payment to the date of repayment at the Prime Rate.

Appears in 1 contract

Samples: Share Purchase Agreement (Primero Mining Corp)

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Reasonable Steps to Mitigate. The Each Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defences, limitations, rights of contribution, claims against third Persons persons and other rights at law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the IndemnifierIndemnifying Party. The Indemnified Party’s reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 109, and the Indemnifier will Indemnifying Party shall reimburse the Indemnified Party for the Indemnified Party’s reasonable expenditures in undertaking the mitigation of such Losses.

Appears in 1 contract

Samples: Beadell Resources (New Gold Inc. /FI)

Reasonable Steps to Mitigate. The Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defences, limitations, rights of contribution, claims against third Persons Third Parties and other rights at law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the IndemnifierIndemnifying Party. The Indemnified Party’s reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 10, and the Indemnifier Indemnifying Party will reimburse the Indemnified Party for the Indemnified Party’s reasonable expenditures in undertaking the mitigation of such LossesLoss, together with interest thereon from the date of payment to the date of repayment at the Prime Rate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Primero Mining Corp)

Reasonable Steps to Mitigate. The Indemnified Party will take all reasonable steps to mitigate all Losses, including availing itself of any defences, limitations, rights of contribution, claims against third Persons parties and other rights at law or equity, and will provide such evidence and documentation of the nature and extent of the Loss as may be reasonably requested by the IndemnifierIndemnifying Party. The Indemnified Party’s 's reasonable steps include the reasonable expenditure of money to mitigate or otherwise reduce or eliminate any Loss for which indemnification would otherwise be due under this Article 108, and the Indemnifier Indemnifying Party will reimburse the Indemnified Party for the Indemnified Party’s 's reasonable expenditures in undertaking the mitigation of such Losses.

Appears in 1 contract

Samples: Terence Tseng

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