Common use of Defense of Proceeding Clause in Contracts

Defense of Proceeding. A. The Indemnitee shall promptly notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information, or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder provided, however, that the failure to give any such notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

Appears in 10 contracts

Samples: Employment Agreement (NewLake Capital Partners, Inc.), Indemnification Agreement (NewLake Capital Partners, Inc.), Indemnification Agreement (NewLake Capital Partners, Inc.)

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