Common use of Benefits Received Clause in Contracts

Benefits Received. (a) The Purchaser must promptly reimburse the Vendor if: (i) the Purchaser recovers an amount from the Vendor under this clause 11; and (ii) the Purchaser then receives an amount from a third party and this amount would have reduced the amount recovered by the Purchaser if it had been received before the recovery. (b) The amount the Purchaser must reimburse to the Vendor is equal to the lesser of the amount the Purchaser receives from the: (i) Vendor under this clause 11; and (ii) Third Party (i) less, in each case, any costs reasonably incurred in obtaining the amount from the Vendor or the Third Party, as the case may be.