Common use of Double Recovery Clause in Contracts

Double Recovery. No Indemnified Party shall be entitled to recover any amount pursuant to any provision of this Agreement in respect of any claim to the extent such Indemnified Party has already recovered that amount in respect of such claim under the same or any other provision of this Agreement or pursuant to any other agreement with any Affiliate of the other Indemnified Party, or to the extent that recovery has already been made under this Agreement in respect of the same subject matter and in the amount of the Loss claimed.

Appears in 2 contracts

Sources: Business Contribution Agreement (Covia Holdings Corp), Agreement and Plan of Merger (Fairmount Santrol Holdings Inc.)

Double Recovery. No Indemnified Party shall be entitled to recover any amount pursuant to any provision of this Agreement in respect of any claim to the extent that such Indemnified Party has already recovered that any amount in respect of such claim under the same or any other provision of this Agreement (including Section 2.07) or pursuant to any other agreement with any Affiliate of agreement, including the other Indemnified PartyAncillary Agreements, the Local Agreements and the France SAPA, or to the extent that recovery has already been made under this Agreement in respect of the same subject matter and in the amount of the Loss claimedmatter.

Appears in 2 contracts

Sources: Stock and Asset Purchase Agreement (Novartis Ag), Stock and Asset Purchase Agreement (Lilly Eli & Co)

Double Recovery. No Indemnified Party shall be entitled to recover any amount pursuant to any provision of this Agreement in respect of any claim to the extent that such Indemnified Party has already recovered that any amount in respect of such claim under the same or any other provision of this Agreement or pursuant to any other agreement with any Affiliate of the other Indemnified Party, or to the extent that recovery has already been made under this Agreement in respect of the same subject matter and in the amount of the Loss claimedclaim.

Appears in 2 contracts

Sources: Unit Purchase Agreement, Unit Purchase Agreement (KLX Energy Services Holdings, Inc.)

Double Recovery. No Indemnified Party shall be entitled to recover any amount portion of a Loss pursuant to any provision of under this Agreement in respect of any claim to the extent such Indemnified Party has already recovered that amount in respect of such claim under the same or any other provision of this Agreement or pursuant to any other agreement with any Affiliate of the other Indemnified Party, or to the extent that recovery portion has already been made under this Agreement in respect of the same subject matter and in the amount of the Loss claimedpaid to such Indemnified Party.

Appears in 1 contract

Sources: Distribution Agreement (KLX Inc.)