Third Party Proceeds definition

Third Party Proceeds shall have the meaning set forth in Section 8.9(a).

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Third Party Proceeds has the meaning set forth in Section 6.04(a).

Third Party Proceeds has the meaning set forth in Section 9.4(a).

Examples of Third Party Proceeds in a sentence

• The Indemnitee shall use commercially reasonable efforts to seek to collect or recover any Insurance Proceeds and any Third Party Proceeds to which the Indemnitee is entitled in connection with any Indemnifiable Loss for which the Indemnitee seeks indemnification pursuant to this Article VIII; provided that the Indemnitee’s inability, following such efforts, to collect or recover any such Insurance Proceeds or Third Party Proceeds shall not limit the Indemnifying Party’s obligations hereunder.

• Accordingly, the amount which any Indemnifying Party is required to pay pursuant to this Article VIII to any Indemnitee pursuant to this Article VIII shall be reduced by any Insurance Proceeds or Third Party Proceeds theretofore actually recovered by or on behalf of the Indemnitee in respect of the related Indemnifiable Loss.

More Definitions of Third Party Proceeds

Third Party Proceeds is defined in Section 6.04(a).

Third Party Proceeds means, with respect to an Indemnifiable Loss, proceeds actually received by an Indemnitee from any third party for indemnification for such Indemnifiable Loss that actually reduce the amount of the Indemnifiable Loss, net of any costs or expenses incurred by, or on behalf of, the Indemnitee in pursuing or obtaining such proceeds.

Third Party Proceeds means that portion, if any, of proceeds from the sale of hydrocarbon production attributable to the interest of, and owned by, any Person other than Borrower in any oil and gas property received by Borrower (including royalty interests, overriding royalty interests, net profits interests, production payments and other interests payable out of or measured by production).

Third Party Proceeds shall have the meaning set forth in Section 17.01.

Third Party Proceeds has the meaning given in Clause 15.3 (Recovery from Third Parties);

Third Party Proceeds has the meaning attributed thereto in Section 7.1(b)(iii).

Third Party Proceeds has the meaning given in the Separation Agreement;