Additional Indemnitees Sample Clauses
Additional Indemnitees. In the event that any person becomes a Trustee subsequent to the date hereof and desires to be a party to this Agreement with each Trust, such Trustee shall so notify the Trust in writing, which notification shall be acknowledged by each Trust, and the Trustee shall become an Indemnitee hereunder and each Trust and such Trustee shall be bound by all terms and conditions and provisions hereof as of the effective date of such notice.
Additional Indemnitees. In the event that any person becomes a Director subsequent to the date hereof and desires to be a party to this Agreement with the Company, such Director shall so notify the Company in writing, which notification shall be acknowledged by each Director, and the Director shall become an Indemnitee hereunder and the Company and such Director shall be bound by all terms and conditions and provisions hereof as of the effective date of such notice.
Additional Indemnitees. If any of the Sponsor, any Affiliate of the Sponsor, any Sponsor Indemnitor (as defined in Section 8 below) or its insurer, or any direct or indirect partner, manager, member, shareholder, employee, director, officer or agent of such Person (collectively, the “Additional Indemnitees”) is or was a party or is threatened to be made a party to or is otherwise involved in (including, without limitation, as a witness or responding to discovery) any Proceeding, and such Additional Indemnitee’s involvement in the Proceeding arises from the Indemnitee’s Company Status, or from such Additional Indemnitee’s financial interest (whether through equity, debt or otherwise) in or control or alleged control of the Company, then such Additional Indemnitee shall be entitled to all of the indemnification rights and remedies (including, without limitation, the advancement of Expenses pursuant to comparable procedures as those set forth in Section 5 with respect to advancement of Expenses therein), and shall to the extent indemnified hereunder undertake the obligations, of the Indemnitee under this Agreement to the same extent as the Indemnitee. The Company and Indemnitee agree that the Additional Indemnitees are express third party beneficiaries of the terms hereof.]
Additional Indemnitees. All indemnities, releases, assumptions and exclusions of and limitations on liability which by the terms of this Agreement extend to the benefit of an Additional Indemnitee shall be enforceable by such Additional Indemnitee in its own right as if it were party to this Agreement. Notwithstanding the foregoing, it is agreed that the Parties may rescind, terminate, amend or supplement this Agreement without the consent of any Additional Indemnitee.
