Determination That Indemnification Is Proper. Any indemnification hereunder shall (unless otherwise ordered by a court) be made by the Company unless a determination is made that indemnification of such person is not proper in the circumstances because he or she has not met the applicable standard of conduct set forth in Section 1(b) hereof. Any such determination shall be made:
Appears in 6 contracts
Samples: Indemnification Agreement (National CineMedia, Inc.), Indemnification Agreement (Dynamic Materials Corp), Indemnification Agreement (Intrepid Potash, Inc.)
Determination That Indemnification Is Proper. Any (a) Except as provided in Section 11.05(b), any indemnification hereunder shall under Section 11.01 (unless otherwise ordered by a court) shall be made by the Company unless Corporation only as authorized in the specific case upon a determination is made that indemnification of such the person is not proper in the circumstances because he or she the person has not met the applicable standard of conduct set forth provided by applicable law, and upon an evaluation of the reasonableness of expenses and amounts paid in Section 1(b) hereofsettlement. Any such The determination and evaluation shall be mademade in any of the following ways:
Appears in 4 contracts
Samples: Merger Agreement (ITC Holdings Corp.), Joinder Agreement, Joinder Agreement
Determination That Indemnification Is Proper. Any indemnification hereunder shall (under Section 1 or Section 2 of this Article V, unless otherwise ordered by a court) , shall be made by the Company unless corporation only as authorized in the specific case upon a determination is made that indemnification of such person the director, officer, employee or agent is not proper in the circumstances because he or she has not met under the applicable standard of conduct set forth in such Section 1(b) hereof1 or Section 2 of this Article V, as the case may be. Any such Such determination shall be made:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Dentsply International Inc /De/), Agreement and Plan of Merger (Sirona Dental Systems, Inc.)
Determination That Indemnification Is Proper. Any indemnification hereunder shall (unless otherwise ordered by a court) be made by the Company Corporation unless a determination is made that indemnification of such person is not proper in the circumstances because he or she has not met the applicable standard of conduct set forth in Section 1(b2(b) hereof. Any such determination shall be made:
Appears in 1 contract
Determination That Indemnification Is Proper. Any indemnification hereunder shall (unless otherwise ordered by a court) be made by the Company Corporation unless a determination is made that indemnification of such person is not proper in the circumstances because he or she has not met the applicable standard of conduct set forth in Section 1(b) hereof. Any such determination determination, if any, shall be made:made (i) by Independent Legal Counsel, or (ii) by a court of competent jurisdiction.
Appears in 1 contract
Determination That Indemnification Is Proper. (a) Any indemnification hereunder shall (unless otherwise ordered by a court) be made by the Company Corporation unless a determination is made that indemnification of such person is not proper in the circumstances because he or she has not met the applicable standard of conduct set forth in Section 1(b) hereof. Any such determination shall be made:made by a court of competent jurisdiction.
Appears in 1 contract
Samples: Indemnification Agreement (Appreciate Holdings, Inc.)
Determination That Indemnification Is Proper. Any indemnification hereunder shall (unless otherwise ordered by a court) be made by the Company Corporation unless a determination is made that indemnification of such person is not proper in the circumstances because he or she has not met the applicable standard of conduct set forth in Section 1(b) hereof. Any such determination shall be made:made (i) by a majority vote of the directors who are not parties to the action, suit or proceeding in question (“disinterested directors”), even if less than a quorum,
Appears in 1 contract