Common use of Entitlement Determination Clause in Contracts

Entitlement Determination. The Corporation and Indemnitee acknowledge that indemnification of Indemnitee under Section 2 of this Agreement has been pre-authorized by the Corporation as permitted by the Delaware General Corporation Law. Nevertheless, the Corporation shall not indemnify Indemnitee under Section 2 unless a separate determination has been made in the specific case that indemnification of Indemnitee is permissible in the circumstances because Indemnitee has met the relevant standard of conduct set forth in Section 2(a); provided, however, that: (i) no such entitlement decision need be made prior to the advancement of Expenses; and (ii) regardless of the result or absence of any such determination, the Corporation shall make any indemnification mandated by Section 2(h) above.

Appears in 7 contracts

Samples: Indemnification Agreement (Katapult Holdings, Inc.), Indemnification Agreement (Liquidia Corp), Indemnification Agreement (Liquidia Technologies Inc)

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Entitlement Determination. The Corporation and Indemnitee acknowledge that indemnification of Indemnitee under Section 2 of this Agreement has been pre-authorized by the Corporation as permitted by the Delaware General Florida Business Corporation LawAct. Nevertheless, the Corporation shall not indemnify Indemnitee under Section 2 unless a separate determination has been made in the specific case that indemnification of Indemnitee is permissible in the circumstances because Indemnitee has met the relevant standard of conduct set forth in Section 2(a); provided, however, that: (i) no such entitlement decision need be made prior to the advancement of Expenses; and (ii) regardless of the result or absence of any such determination, the Corporation shall make any indemnification mandated by Section 2(h) above.

Appears in 6 contracts

Samples: Independent Director Agreement (Net 1 Ueps Technologies Inc), Independent Director Agreement (Net 1 Ueps Technologies Inc), Independent Director Agreement (Net 1 Ueps Technologies Inc)

Entitlement Determination. The Corporation Company and Indemnitee hereby acknowledge that indemnification of Indemnitee under Section 2 of this Agreement has been pre-authorized by the Corporation as permitted by the Delaware General Corporation LawCompany. Nevertheless, the Corporation Company shall not indemnify Indemnitee under Section 2 of this Agreement unless a separate determination has been made in the specific case that indemnification of Indemnitee is permissible in the circumstances because Indemnitee has met the relevant standard of conduct set forth in Section 2(a)) of this Agreement; provided, however, that: that (i) no such entitlement decision need be made prior to the advancement of Expenses; , and (ii) regardless of the result or absence of any such determination, the Corporation Company shall make any indemnification mandated by Section 2(h2(i) aboveof this Agreement.

Appears in 1 contract

Samples: Indemnity Agreement (Renal Care Group Inc)

Entitlement Determination. The Corporation and Indemnitee acknowledge that indemnification of Indemnitee under Section 2 of this Agreement has been pre-authorized by the Corporation as permitted by the Delaware General Corporation Law. Nevertheless, the Corporation shall not indemnify Indemnitee under Section 2 unless a separate determination has been made in the specific case that indemnification of Indemnitee is permissible in the circumstances because Indemnitee has met the relevant standard of conduct set forth in Section 2(a); provided, however, that: (i) no such entitlement decision need be made prior to the advancement of Expenses; and (ii) regardless of the result or absence of any such determination, the Corporation shall make any indemnification mandated by Section 2(h) above.

Appears in 1 contract

Samples: Form of Indemnity Agreement (Act II Global Acquisition Corp.)

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Entitlement Determination. The Corporation and Indemnitee hereby ------------------------- acknowledge that indemnification of Indemnitee under Section 2 of this Agreement has been pre-authorized by the Corporation as permitted by the Delaware General Corporation LawCorporation. Nevertheless, the Corporation shall not indemnify Indemnitee under Section 2 unless a separate determination has been made in the specific case that indemnification of Indemnitee is permissible in the circumstances because Indemnitee he has met the relevant standard of conduct set forth in Section 2(a); provided, however, that: that (i) no such entitlement decision need be made prior to the advancement of Expenses; , and (ii) regardless of the result or absence of any such determination, the Corporation shall make any indemnification mandated by Section 2(h2(i) above.

Appears in 1 contract

Samples: Indemnity Agreement (Ameripath Inc)

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