Common use of AGREEMENT TO BE LIBERALLY CONSTRUED Clause in Contracts

AGREEMENT TO BE LIBERALLY CONSTRUED. The purpose of this Agreement is to induce Indemnitee either to serve Indemnitor in one or more of the capacities described in Section 3.1 hereof, or to induce Indemnitee to continue to serve in one or more such capacities. Indemnitor acknowledges that, but for this Agreement and the expectation by Indemnitee that Indemnitor will perform each of its obligations hereunder, Indemnitee may not consent to serve or to continue to serve Indemnitor in such capacities. Therefore, it is the intention of Indemnitor and Indemnitee that this Agreement be liberally construed so as to achieve its purpose of, subject to Section 1 hereof, protecting Indemnitee from and against Losses arising from Wrongful Acts. Indemnitor will not do or fail to do any act that would or might prevent or hinder the performance by Indemnitor of its obligations under this Agreement.