Common use of Net Amount Clause in Contracts

Net Amount. In the event that an Indemnifying Party is obligated to indemnify and hold any Indemnified Party harmless under this Article 4, the amount owing to the Indemnified Party shall be the amount of such Indemnified Party’s out-of-pocket losses (whether paid or payable), net of any such out-of-pocket losses recovered by the Indemnified Party from any other Person; provided that the foregoing shall not be construed so as to obligate an Indemnified Party to pursue or seek recovery of any of its out-of-pocket losses from any other Person whomsoever, including insurers.

Appears in 3 contracts

Samples: Fund Delegation Agreement, Fund Delegation Agreement, Fund Delegation Agreement

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Net Amount. In the event that an Indemnifying Party is obligated to indemnify and hold any Indemnified Party harmless under this Article 47, the amount owing to the Indemnified Party shall be the amount of such Indemnified Party’s 's out-of-pocket losses (whether paid or payable), net of any such out-of-pocket losses recovered by the Indemnified Party from any other Person; provided that the foregoing shall not be construed so as to obligate an Indemnified Party to pursue or seek recovery of any of its out-of-pocket losses from any other Person whomsoever, including insurers.

Appears in 1 contract

Samples: Strategic Partnership Agreement (SNDL Inc.)

Net Amount. In the event that an Indemnifying Party is obligated to indemnify and hold any Indemnified Party harmless under this Article 47, the amount owing to the Indemnified Party shall be the amount of such Indemnified Party’s out-of-pocket losses (whether paid or payable), net of any such out-of-pocket losses recovered by the Indemnified Party from any other Person; provided that the foregoing shall not be construed so as to obligate an Indemnified Party to pursue or seek recovery of any of its out-of-pocket losses from any other Person whomsoever, including insurers.

Appears in 1 contract

Samples: Administrative Services Agreement

Net Amount. In the event that If an Indemnifying Party is obligated to indemnify and hold any Indemnified Party harmless under this Article 48, the amount owing to the Indemnified Party shall be the amount of such Indemnified Party’s 's out-of-pocket losses Losses (whether paid or payable), net of any such out-out- of-pocket losses Losses recovered by the Indemnified Party from any other Person; provided that the foregoing shall not be construed so as to obligate an Indemnified Party to pursue or seek recovery of any of its out-of-pocket losses Losses from any other Person whomsoever, including insurers.

Appears in 1 contract

Samples: Management Agreement

Net Amount. In the event that an Indemnifying Party is obligated to indemnify and hold any Indemnified Party harmless under this Article 48, the amount owing to the Indemnified Party shall be the amount of such Indemnified Party’s 's out-of-pocket actually incurred losses (whether paid or payable), net of any such out-of-pocket losses recovered by the Indemnified Party from any other Person; provided that the foregoing shall not be construed so as to obligate an Indemnified Party to pursue or seek recovery of any of its out-of-pocket losses from any other Person whomsoever, including insurers.

Appears in 1 contract

Samples: Strategic Partnership Agreement (SNDL Inc.)

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Net Amount. In the event that If an Indemnifying Party is obligated to indemnify and hold any Indemnified Party harmless under this Article 47, the amount owing to the Indemnified Party shall be the amount of such Indemnified Party’s out-of-pocket losses Losses (whether paid or payable), net of any such out-out- of-pocket losses Losses recovered by the Indemnified Party from any other Person; provided that the foregoing shall not be construed so as to obligate an Indemnified Party to pursue or seek recovery of any of its out-of-pocket losses Losses from any other Person whomsoever, including insurers.

Appears in 1 contract

Samples: Administrative Services Agreement

Net Amount. In the event that an Indemnifying Party is obligated to indemnify and hold any Indemnified Party harmless under this Article 48, the amount owing to the Indemnified Party shall be the amount of such Indemnified Party’s out-of-pocket losses (whether paid or payable), net of any such out-of-pocket losses recovered by the Indemnified Party from any other Person; provided that the foregoing shall not be construed so as to obligate an Indemnified Party to pursue or seek recovery of any of its out-of-pocket losses from any other Person whomsoever, including insurers.

Appears in 1 contract

Samples: Management Agreement

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