Common use of ENFORCEMENT AND BINDING EFFECT Clause in Contracts

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce the Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving as a director or officer of the Company.

Appears in 1 contract

Samples: Indemnification Agreement (ChemoCentryx, Inc.)

AutoNDA by SimpleDocs

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed assumes the obligations imposed on it hereby in order to induce the Indemnitee to serve as a an officer and/or director or officer of the Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving as a an officer and/or director or officer of the Company.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Ipayment Inc)

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce the Indemnitee to serve as a director or an officer of the Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving as a director or an officer of the Company.

Appears in 1 contract

Samples: Officer Indemnity Agreement (EnergySolutions, Inc.)

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce the Indemnitee to serve as a non-employee director or officer of the Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving as a non-employee director or officer of the Company.

Appears in 1 contract

Samples: Indemnification Agreement (BioHorizons, Inc.)

AutoNDA by SimpleDocs

ENFORCEMENT AND BINDING EFFECT. (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed assumes the obligations imposed on it hereby in order to induce the Indemnitee to serve as a an officer or director or officer of the Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving as a an officer or director or officer of the Company.

Appears in 1 contract

Samples: Indemnification Agreement (Erickson Air-Crane Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!