Common use of Insured Claims Clause in Contracts

Insured Claims. To make any payment in connection with any Claim made against the Indemnified Party to the extent the Indemnified Party has otherwise received payment (under any insurance policy, the articles or by-laws of the Corporation, contract or otherwise) of the amounts otherwise indemnifiable hereunder. If the Corporation makes any indemnification payment to the Indemnified Party in connection with any particular expense indemnified hereunder and the Indemnified Party has already received or thereafter receives, and is entitled to retain, duplicate payments in reimbursement of the same particular expense, then the Indemnified Party shall reimburse the Corporation in an amount equal to the lesser of: (i) the amount of such duplicate payment; and (ii) the full amount of such indemnification payment made by the Corporation.

Appears in 10 contracts

Samples: Indemnity Agreement (Dirtt Environmental Solutions LTD), Indemnity Agreement (Dirtt Environmental Solutions LTD), Indemnity Agreement (Dirtt Environmental Solutions LTD)

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Insured Claims. To make any payment in connection with any Claim claim made against the Indemnified Party to the extent the Indemnified Party has otherwise received payment (under any insurance policy, the notice of articles or by-laws articles of the Corporation, contract or otherwise) of the amounts otherwise indemnifiable hereunder. If the Corporation makes any indemnification payment to the Indemnified Party in connection with any particular expense indemnified hereunder and the Indemnified Party has already received or thereafter receives, and is entitled to retain, duplicate payments in reimbursement of the same particular expense, then the Indemnified Party shall reimburse the Corporation in an amount equal to the lesser of: of (i) the amount of such duplicate payment; payment and (ii) the full amount of such indemnification payment made by the Corporation.;

Appears in 1 contract

Samples: Indemnity Agreement (Trillium Therapeutics Inc.)

Insured Claims. To make any payment in connection with any Claim made against the Indemnified Party to the extent the Indemnified Party has otherwise received payment (under any insurance policy, the articles or by-laws of the Corporation, contract or otherwise) of the amounts otherwise indemnifiable hereunder. If the Corporation makes any indemnification payment to the Indemnified Party in connection with any particular expense indemnified hereunder and the Indemnified Party has already received or thereafter receives, and is entitled to retain, duplicate payments in reimbursement of the same particular expense, then the Indemnified Party shall reimburse the Corporation in an amount equal to the lesser of: of (i) the amount of such duplicate payment; payment and (ii) the full amount of such indemnification payment made by the Corporation.;

Appears in 1 contract

Samples: Indemnity Agreement (Energy Fuels Inc)

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Insured Claims. To Subject to Section 2.6, to make any payment in connection with any Claim made against the Indemnified Party to the extent the Indemnified Party has otherwise received payment (under any insurance policy, the articles or by-laws of the Corporation, contract or otherwise) of the amounts otherwise indemnifiable hereunder. If Subject to Section 2.6, if the Corporation makes any indemnification payment to the Indemnified Party in connection with any particular expense indemnified hereunder and the Indemnified Party has already received or thereafter receives, and is entitled to retain, duplicate payments in reimbursement of the same particular expense, then the Indemnified Party shall reimburse the Corporation in an amount equal to the lesser of: of (i) the amount of such duplicate payment; payment and (ii) the full amount of such indemnification payment made by the Corporation.;

Appears in 1 contract

Samples: Indemnity Agreement (PointClickCare Corp.)

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