Claims and Liabilities

Claims and Liabilities. Means, collectively, any losses, claims, liabilities, damages, deficiencies, costs and expenses, including the reasonable fees and expenses of attorneys, accountants and other professionals paid, incurred, accrued or sustained (computed after giving effect to the receipt of any insurance proceeds with respect thereto) by an Indemnitee, net of benefits to the Indemnitee resulting from insurance benefits received.