Common use of Mitigation of Losses Clause in Contracts

Mitigation of Losses. Each party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for any claim for breach of or under this Agreement.

Appears in 2 contracts

Sources: Remaining Acquisition Agreement (National Grid PLC), Further Acquisition Agreement (National Grid PLC)

Mitigation of Losses. Each party The parties shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 2 contracts

Sources: Share Purchase Agreement (Kookmin Bank), Share Purchase Agreement (Kookmin Bank)

Mitigation of Losses. Each party Party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Sources: Framework Agreement

Mitigation of Losses. Each party Party shall procure ensure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for to the other Party in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Sources: Business Transfer Agreement (Chemtura CORP)

Mitigation of Losses. Each party Party shall procure that all commercially reasonable steps are taken and all commercially reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Sources: International Share and Business Sale Agreement (Albemarle Corp)

Mitigation of Losses. Each party Party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for any claim for breach of or under this AgreementLoss.

Appears in 1 contract

Sources: Share Purchase Agreement (Teladoc, Inc.)

Mitigation of Losses. Each party Party shall procure that all reasonable steps are taken and all reasonable assistance is given to the other parties to avoid or mitigate any Losses which in the absence of mitigation might give rise to a liability for in respect of any claim for breach of or under this Agreement.

Appears in 1 contract

Sources: Contribution Agreement (Stolt Nielsen S A)