Examples of Loss in a sentence
Neither the AJ&K/Provincial Government nor the Company shall be entitled to indemnification under Section 8.1 if and to the extent that payment in full has been received in respect of a Loss or proceeding under the indemnities contained in the Power Purchase Agreement, the Implementation Agreement, or any other document comprising the Project Agreements in respect of the relevant act or omission.
Notwithstanding anything to the contrary contained in the preceding sentence, nothing in this Section 8.1(b) shall apply to any Loss in respect of and to the extent to which the AJ&K/Provincial Government receives proceeds from insurance policies.
For the purposes of this Section 8.4, a Loss (or claim for indemnification) shall be deemed to arise in the Year the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one Year, in the Year such event ends.
Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement, until all Losses of such Party, in the aggregate, during the then-current Year, exceed the Minimum Indemnification Amount.
Notwithstanding anything to the contrary contained in the preceding sentence, nothing in this Section 8.1(a) shall apply to any Loss in respect of and to the extent which the Company receives proceeds from insurance policies or indemnification from another party.