Common use of ENFORCEMENT AND BINDING EFFECT Clause in Contracts

ENFORCEMENT AND BINDING EFFECT. (a) The Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to encourage Indemnitee to continue to serve in a Covered Capacity, and the Corporation acknowledges that Indemnitee is relying upon this Agreement in serving.

Appears in 4 contracts

Samples: Indemnification Agreement (Resolute Forest Products Inc.), Indemnification Agreement (Resolute Forest Products Inc.), Indemnification Agreement (AbitibiBowater Inc.)

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ENFORCEMENT AND BINDING EFFECT. (a) The Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to encourage Indemnitee to continue to serve in as a Covered Capacitydirector and/or officer of the Corporation and/or one or more of the Corporation’s subsidiaries, and the Corporation acknowledges that Indemnitee is relying upon this Agreement in so serving.

Appears in 2 contracts

Samples: Indemnification Agreement (Scana Corp), Indemnification Agreement (Scana Corp)

ENFORCEMENT AND BINDING EFFECT. (a) The Corporation Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to encourage induce Indemnitee to continue to serve in a Covered Capacityas an Agent of the Company, and the Corporation Company acknowledges that Indemnitee is relying upon this Agreement in servingserving as an Agent of the Company.

Appears in 2 contracts

Samples: Indemnification Agreement (Kimco Realty OP, LLC), Indemnification Agreement (Kimco Realty Corp)

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ENFORCEMENT AND BINDING EFFECT. (a) The Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to encourage Indemnitee to continue to serve in as a Covered Capacitydirector and of the Corporation, and the Corporation acknowledges that Indemnitee is relying upon this Agreement in serving.

Appears in 1 contract

Samples: Indemnification Agreement (Bowater Inc)

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