definiens: or means all claims, losses, liabil ities, damages, actions, suits, proceedings, payments, judgments, settlements, assessments, defi ciencies, interest, penalties, costs and expenses, including, without limitation, removal costs, remediation cost s, closure costs, fines, expenses of investigation and ongoing monitoring, reasonable attorneys ’ fees and disburse ments, provided, that ( i ) Losses shall not include punitive damages unless such Loss is payable by an Indemnite e to a third party in connection with any third par ty claim relating to any matter for which such Indemnitee is entitled to indemnification hereunder, ( ii ) for pu rposes of computing Losses imposed on, incurred by or asserte d against an Indemnitee, there shall be deducted an amount equal to the amount of any insurance proceeds, inde mnification payments, contribution payments and reimbursements, and Tax benefits, actually received by such Indemnitee or any of such Indemnitee ’s Aff iliates in connection with such Losses or the circumstances giving rise thereto and ( iii ) any Losses in the na ture of or incurred by an Indemnit ee shall be calculated only as an amount correspond ing dollar - for - dollar to the actual amount of lost reve nues or lost profits, not a multiple of such lost r evenues or lost profits