Reduction of Damages. In computing the amount of Damages which are sustained, suffered or incurred by an Indemnitee, the Indemnifying Party or Parties are to be given the benefit of (i) insurance proceeds, if any (up to the maximum amount of Damages), that the Indemnitee shall have the right to receive.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Lynch Interactive Corp), Membership Purchase Agreement (Lynch Interactive Corp)