Common use of Determination of Right of Indemnification Clause in Contracts

Determination of Right of Indemnification. Any indemnification under Section 5.1 or 5.2 (unless ordered by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances because he has met the applicable standard of conduct set forth in Section 5.1 or 5.

Appears in 2 contracts

Samples: Subscription and Organizational Agreement (Alterra Healthcare Corp), Purchase Agreement (Alterra Healthcare Corp)

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Determination of Right of Indemnification. Any indemnification under Section 5.1 10.1 or 5.2 10.2 (unless ordered by a court) shall be made by the Corporation Company only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent Indemnified Person is proper in the circumstances because he the Indemnified Person has met the applicable standard of conduct set forth in Section 5.1 or 510.1 and 10.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Multimedia Games Inc)

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Determination of Right of Indemnification. Any indemnification under Section 5.1 11.1 or 5.2 11.2 (unless ordered by a court) shall be made by the Corporation Company only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent Indemnified Person is proper in the circumstances because he the Indemnified Person has met the applicable standard of conduct set forth in Section 5.1 or 511.1 and 11.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Multimedia Games Inc)

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