General Indemnification Rules. The obligations of the Indemnifier to indemnify the Indemnified Party in respect of any Loss shall also be subject to the principles set forth in this Section 6.4.
Appears in 2 contracts
Sources: Share Purchase Agreement (Bitfarms LTD), Share Purchase Agreement (Mistras Group, Inc.)
General Indemnification Rules. The obligations of the Indemnifier Indemnifying Party to indemnify the Indemnified Party in respect of any Loss shall also be subject to the principles set forth in this Section 6.412.9.
(1) Subject to Section 12.6, the obligation of indemnification shall not apply to the extent that any Loss claimed has been reimbursed through insurance to the Indemnified Party.
(2) The amount of Losses shall be reduced by any allowance, provision or reserve in respect of the matter giving rise to such Claim included in the Financial Statements or the Final Working Capital, if any.
Appears in 1 contract
Sources: Share Purchase Agreement (Internap Network Services Corp)