Common use of Single Recovery Clause in Contracts

Single Recovery. The parties agree that if a party is entitled to indemnification under more than one provision of this Agreement, then such party shall be entitled to only one indemnification or recovery with respect to the Losses arising out of the same circumstances and events (it being understood that the purpose of this sentence is solely to preclude a duplicate recovery by such party).

Appears in 1 contract

Sources: Stock Purchase Agreement (Noranda Aluminum Acquisition CORP)

Single Recovery. The parties agree that if a party is entitled to indemnification under more than one provision clause or subclause of this Agreement, then such party shall be entitled to only one indemnification or recovery with respect to the Losses arising out of the same circumstances and events (it being understood that the purpose of this sentence is solely to preclude a duplicate recovery by such party).

Appears in 1 contract

Sources: Securities Purchase Agreement (Six Flags Inc)