Entitlement to Indemnification. 3.1 The rights provided to an Indemnified Party hereunder will, subject to applicable law, apply without reduction to an Indemnified Party provided that: (a) the Indemnified Party acted honestly and in good faith with the view to the best interests of the Corporation or other entity described in Section 3.3, as applicable; and (b) in the case of a criminal or administrative action or Proceeding that is enforced by a monetary penalty, the Indemnified party had reasonable grounds for believing that his conduct was lawful.
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Samples: Director and Officer Indemnification Agreement (Ovintiv Inc.), Director and Officer Indemnification Agreement (Encana Corp)
Entitlement to Indemnification. 3.1 2.1 The rights provided to an Indemnified Party hereunder will, subject to applicable law, apply without reduction to an Indemnified Party provided that: (a) the Indemnified Party acted honestly and in good faith with the a view to the best interests of the Corporation or other entity described in Section 3.3, as applicable2.3; and (b) in the case of a criminal or administrative action or Proceeding proceeding that is enforced by a monetary penalty, the Indemnified party Party had reasonable grounds for believing that his or her conduct was lawful.
Appears in 2 contracts
Samples: Director and Officer Indemnification Agreement (SMART Technologies Inc.), Director and Officer Indemnification Agreement (SMART Technologies Inc.)
Entitlement to Indemnification. 3.1 2.1 The rights provided to an Indemnified Party hereunder will, subject to applicable law, apply without reduction to an Indemnified Party provided that: (a) the Indemnified Party acted honestly and in good faith with the view to the best interests of the Corporation or other entity described in Section 3.3, as applicable; and (b) in the case of a criminal or administrative action or Proceeding that is enforced by a monetary penalty, the Indemnified party had reasonable grounds for believing that his conduct was lawful.:
Appears in 1 contract
Samples: Indemnification Agreement (MedMen Enterprises, Inc.)