Common use of Calculation of Loss Clause in Contracts

Calculation of Loss. In calculating the amount of any Loss for which any party is entitled to indemnification hereunder, the amount of any reserve, provision or accrual related to such Loss, shall be deducted to the extent reflected in the Closing Regulated Entity Regulatory Capital Statement or the Closing Unregulated Entity Working Capital Statement and otherwise to avoid duplicative amounts.

Calculation of Loss. In calculating the amount of any Loss for which any party is entitled to indemnification hereunder, the amount of any reserve, provision or accrual related to such Loss, shall be deducted to the extent reflected in Closing Net Working Capital or to the extent it is included in the calculation of the Closing Regulated Entity Regulatory Capital Statement or the Closing Unregulated Entity Working Capital Statement Requirement and otherwise to avoid duplicative amounts.