Common use of Additional Indemnification Rights Clause in Contracts

Additional Indemnification Rights. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee to the fullest extent permitted by applicable law, notwithstanding that such indemnification may not be specifically authorized by the other provisions of this Agreement, the Bye-Laws or by statute. If there is any change, after the date of this Agreement, in any applicable law, statute or rule, whether by case law or otherwise, that expands the right of a Bermuda company to indemnify a member of its board of directors, such changes shall be, ipso facto, within the purview of Indemnitee's rights and Company's obligations, under this Agreement. If there is any change in any applicable law, statute or rule that narrows the right of a Bermuda company to indemnify a member of its board of directors, such changes, to the extent not otherwise mandatorily required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties, rights and obligations hereunder.

Appears in 11 contracts

Samples: Indemnification Agreement (Castlewood Holdings LTD), Indemnification Agreement (Castlewood Holdings LTD), Indemnification Agreement (Castlewood Holdings LTD)

AutoNDA by SimpleDocs

Additional Indemnification Rights. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by applicable law, notwithstanding that such indemnification may is not be specifically authorized by the other provisions of this Agreement, the Bye-Laws Company's Charter Documents or by statute. If there is In the event of any change, after the date of this Agreement, in any applicable law, statute statute, or rule, whether by case law or otherwise, that rule which expands the right of a Bermuda company Delaware corporation to indemnify a member of its board of directors, an officer, or an agent, such changes shall be, ipso facto, within the purview of the Indemnitee's rights and the Company's obligations, obligations under this Agreement. If there is In the event of any change in any applicable law, statute or rule that which narrows the right of a Bermuda company Delaware corporation to indemnify a member of its board of directorsdirectors or an officer, such changes, to the extent not otherwise mandatorily required by such law, statute or rule to be applied to this Agreement, Agreement shall have no effect on this Agreement or the parties, ' rights and obligations hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Advanced Magnetics Inc)

Additional Indemnification Rights. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee Agent to the fullest extent permitted by applicable law, notwithstanding that such indemnification may is not be specifically authorized by the other provisions of this Agreement, the Bye-Laws Certificate, the Bylaws or by statute. If there is In the event of any change, after the date of this Agreement, in any applicable law, statute or rule, whether by case law or otherwise, that otherwise which expands the right of a Bermuda company Delaware corporation to indemnify a member of its board of directorsdirectors or an officer, such changes shall be, ipso facto, within the purview of IndemniteeAgent's rights and Company's obligations, under this Agreement. If there is In the event of any change in any applicable law, statute or rule that which narrows the right of a Bermuda company Delaware corporation to indemnify a member of its board Board of directorsDirectors or an officer, such changes, to the extent not otherwise mandatorily required by such law, statute or rule to be applied to this Agreement, Agreement shall have no effect on this Agreement or the parties, rights and obligations hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Bekins Co /New/)

Additional Indemnification Rights. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by applicable law, notwithstanding that such indemnification may is not be specifically authorized by the other provisions of this Agreement, the Bye-Laws Company’s Charter Documents or by statute. If there is In the event of any change, after the date of this Agreement, in any applicable law, statute statute, or rule, whether by case law or otherwise, that rule which expands the right of a Bermuda company Delaware corporation to indemnify a member of its board of directors, an officer, or an agent, such changes shall be, ipso facto, within the purview of the Indemnitee's ’s rights and the Company's obligations, ’s obligations under this Agreement. If there is In the event of any change in any applicable law, statute or rule that which narrows the right of a Bermuda company Delaware corporation to indemnify a member of its board of directorsdirectors or an officer, such changes, to the extent not otherwise mandatorily required by such law, statute or rule to be applied to this Agreement, Agreement shall have no effect on this Agreement or the parties, rights and obligations hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Amag Pharmaceuticals Inc.)

AutoNDA by SimpleDocs

Additional Indemnification Rights. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee to the fullest extent permitted by applicable law, notwithstanding that such indemnification may not be specifically authorized by the other provisions of this Agreement, the Bye-Laws or by statute. If there is any change, after the date of this Agreement, in any applicable law, statute or rule, whether by case law or otherwise, that expands the right of a Bermuda company to indemnify a member of its board of directors, such changes shall be, ipso facto, within the purview of Indemnitee's ’s rights and Company's ’s obligations, under this Agreement. If there is any change in any applicable law, statute or rule that narrows the right of a Bermuda company to indemnify a member of its board of directors, such changes, to the extent not otherwise mandatorily required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties, rights and obligations hereunder.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Enstar Group LTD)

Additional Indemnification Rights. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee to the fullest extent permitted by applicable law, notwithstanding that such indemnification may is not be specifically authorized by the other provisions of this Agreement, the Bye-Laws Company’s Restated Certificate of Incorporation, the Company’s Bylaws or by statute. If there is In the event of any change, after the date of this Agreement, in any applicable law, statute statute, or rule, whether by case law or otherwise, that rule which expands the right of a Bermuda company New York corporation to indemnify a member of its board of directorsdirectors or an officer, such changes shall be, ipso facto, within the purview of Indemnitee's ’s rights and the Company's obligations, ’s obligations under this Agreement. If there is In the event of any change in any applicable law, statute or rule that which narrows the right of a Bermuda company New York corporation to indemnify a member of its board of directorsdirectors or an officer, such changes, to the extent not otherwise mandatorily required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties, rights and obligations hereunder.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Iberdrola USA, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.