Duplication of Payments. The Company will not be liable under this Agreement to make any payment in connection with any claim made against the Indemnitee to the extent the Indemnitee has actually received payment (under any insurance policy, the Articles, the By-Laws, the LBCL or otherwise) of the amount otherwise payable hereunder.
Appears in 3 contracts
Sources: Employment Agreement (Global Industries LTD), Indemnification Agreement (Global Industries LTD), Indemnification Agreement (Global Industries LTD)
Duplication of Payments. The Company will shall not be liable under this ----------------------- Agreement to make any payment to the Indemnitee in connection with any claim made against the Indemnitee Indemnifiable Claim to the extent the Indemnitee has otherwise actually received payment (under any insurance policy, the Articles, the By-Laws, the LBCL Company's Articles of Incorporation or Bylaws or otherwise) of the amount amounts otherwise payable hereunderIndemnifiable hereunder with respect to such Indemnifiable Claim.
Appears in 2 contracts
Sources: Indemnification Agreement (Pinnacle Oil International Inc), Indemnification Agreement (Pinnacle Oil International Inc)
Duplication of Payments. The Company will not be liable under this Agreement to make any payment in connection with any claim made against the Indemnitee to the extent the Indemnitee has actually received payment (under any insurance policy, the Articles, the By-Laws, the LBCL or otherwise) , of the amount otherwise payable hereunder.
Appears in 1 contract