Common use of Covered Parties Clause in Contracts

Covered Parties. The duties to mediate and arbitrate shall extend to any director, officer, employee, shareholder, principal agent, trustee in bankruptcy or otherwise, affiliate, subsidiary, third-party beneficiary, or guarantor of a party making or defending a claim that would otherwise be subject to this Section. Unless the context otherwise requires, references to party or parties within this Section shall include the foregoing persons, provided, however, that the specific provisions regarding the allocation of costs in paragraph (ii).B. shall not preclude any rights to indemnification, reimbursement, contribution or other similar benefits held by the foregoing persons.

Appears in 2 contracts

Samples: Operating Agreement (Forward Profit Investing LLC), Operating Agreement (Forward Profit Investing LLC)

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Covered Parties. The duties to mediate and arbitrate shall extend to any directorManaging Member, officer, employee, shareholder, principal agent, trustee in bankruptcy or otherwise, affiliate, subsidiary, third-party beneficiary, or guarantor of a party making or defending a claim that would otherwise be subject to this Section. Unless the context otherwise requires, references to party or parties within this Section shall include the foregoing persons, provided, however, that the specific provisions regarding the allocation of costs in paragraph (ii).B. B)(ii) shall not preclude any rights to indemnification, reimbursement, contribution or other similar benefits held by the foregoing persons.

Appears in 1 contract

Samples: Operating Agreement (FIS Healthcare Holdings, LLC)

Covered Parties. The duties to mediate and arbitrate shall extend to any director, member, manager, officer, employee, shareholder, principal agent, trustee in bankruptcy or otherwise, affiliate, subsidiary, third-party beneficiary, or guarantor of a party Party making or defending a claim that would otherwise be subject to this SectionArticle. Unless the context otherwise requires, references to party Party or parties Parties within this Section shall Article include the foregoing personsPersons, provided, however, that the specific provisions regarding the allocation of costs in paragraph (ii).B. shall Section 10.03(b) do not preclude any rights to indemnification, reimbursement, contribution contribution, or other similar benefits held by the foregoing personsPersons.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sonasoft CORP)

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Covered Parties. The duties to mediate and arbitrate shall extend to any directorMember, officerManager, Officer, employee, shareholder, principal agent, trustee in bankruptcy or otherwise, affiliate, subsidiary, third-party beneficiary, or guarantor of a party making or defending a claim that would otherwise be subject to this SectionArticle. Unless the context otherwise requires, references to party or parties within this Section shall Article include the foregoing persons, provided, however, that the specific provisions regarding the allocation of costs in paragraph subsection (ii).B. shall b) of Section 14.2 do not preclude any rights to indemnification, reimbursement, contribution or other similar benefits held by the foregoing persons.

Appears in 1 contract

Samples: Operating Agreement

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