Common use of RECOVERIES FROM THIRD PARTIES Clause in Contracts

RECOVERIES FROM THIRD PARTIES. If any Indemnified Person shall recover from or be paid by, any person (other than PPC, Enterprise Oil or ▇▇▇▇▇▇▇ Energy or out of any security constituted by any of the Lease Documents) any amount (other than under clause 26) in respect of any payments paid or discharged by PPC in accordance with this clause 25, then provided that the Lessor has received payment of such amount and is satisfied that such amount is unconditionally available for retention by the Lessor, the Lessor shall pay to PPC a sum equal to the value of such recovered or paid amount together with any interest actually earned on such recovered or paid amount (less the amount of any Tax Liability thereon), such payment by the Lessor to be subject always to the provisions of clause 26.