Common use of Mitigation of Loss Clause in Contracts

Mitigation of Loss. The Purchaser or the Vendors, as the case may be, shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate their loss which in the absence of mitigation might give rise to a liability in respect of any claim arising under this Agreement or the Tax Deed of Covenant.

Appears in 1 contract

Sources: Share Purchase Agreement (Nextera Enterprises Inc)

Mitigation of Loss. The Purchaser or the Vendors, as the case may be, shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate their loss any losses which in the absence of mitigation might give rise to a liability in respect of any claim arising under this Agreement or the Tax Deed of CovenantAgreement.

Appears in 1 contract

Sources: Share Sale and Purchase Agreement (Krug International Corp)

Mitigation of Loss. The Purchaser or the Vendors, as the case may be, shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate their loss any Losses which in the absence of mitigation might give rise to a liability in respect of any claim arising under this Agreement or the Tax Deed of CovenantSubsidiary Agreements.

Appears in 1 contract

Sources: Sale and Purchase Agreement (General Cable Corp /De/)

Mitigation of Loss. The Purchaser or the Vendors, as the case may be, shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate their loss any losses which in the absence of mitigation might give rise to a liability in respect of any claim arising a Warranty Claim or under this Agreement or the Tax Deed including, for the avoidance of Covenantdoubt, pursuing any claims which any of the Group Companies may have against third parties which are likely to be recovered following reasonable efforts.

Appears in 1 contract

Sources: Share Purchase Agreement (Centex Development Co Lp)

Mitigation of Loss. The Purchaser or the Vendors, as the case may be, shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate their loss to the Purchaser or any member of the Purchaser's Group which in the absence of mitigation might give rise to a liability in respect of any claim arising under this Agreement or the Tax Deed of CovenantAgreement.

Appears in 1 contract

Sources: Share Purchase Agreement (Nextera Enterprises Inc)

Mitigation of Loss. The Purchaser Without prejudice to the validity of the claim or the Vendorsalleged claim in question, as the case may be, Purchaser shall procure that all reasonable steps are taken and all reasonable assistance is given to avoid or mitigate their loss any Losses which in the absence of mitigation might give rise to a liability in respect of any claim arising under this Agreement or the Tax Deed of CovenantAgreement.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Hawker Pacific Aerospace)