Common use of Effective Date; Prior Agreements Clause in Contracts

Effective Date; Prior Agreements. This Agreement shall be effective as of the Effective Date and shall govern the indemnification rights and obligations of Indemnitee and the Company with respect to Proceedings arising from (a) any actual or alleged event or occurrence related to Indemnitee’s Corporate Status, or (b) any actual or alleged act or omission on the part of Indemnitee taken or omitted in or relating to Indemnitee’s Corporate Status, occurring in the case of both (a) and (b) on or after the Effective Date. To the extent that Indemnitee has a Previous Agreement, the indemnification rights and obligations of Indemnitee and the Company with respect to proceedings that arose or may arise from actual or alleged events, occurrences, acts or omissions occurring prior to the Effective Date (regardless of whether such proceedings were or are initiated before, on or after the Effective Date) shall be governed by such Previous Agreement and not this Agreement.