Common use of Broadest Interpretation Clause in Contracts

Broadest Interpretation. In the event of any change after the date of this Agreement in law, statute, or rule which expands the right Company to indemnify Indemnitee, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change. In the event of any change in law, statute, or rule which narrows the right of Company to indemnify Indemnitee, such change, to the extent allowed by law, shall only apply to matters that relate to alleged acts, errors, or omissions of Indemnitee that postdate such change.

Appears in 6 contracts

Samples: Indemnification Agreement (Everi Holdings Inc.), Indemnification Agreement (PROS Holdings, Inc.), Indemnification Agreement (Xtera Communications, Inc.)

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