Common use of Fees and Expenses of Enforcement Clause in Contracts

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.

Appears in 9 contracts

Samples: Employment Agreement (Diebold Inc), Indemnification Agreement (MPW Industrial Services Group Inc), Director Indemnification Agreement (Omnova Solutions Inc)

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Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit suit, or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any directorDirector, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 810, unless the court determines that each of the material assertions made by the Indemnitee as a basis for the litigation or other legal action were not made in good faith or were frivolous.

Appears in 7 contracts

Samples: Director Indemnification Agreement (Oglebay Norton Co /Ohio/), Director Indemnification Agreement (Oglebay Norton Co /Ohio/), Director Indemnification Agreement (Oglebay Norton Co /Ohio/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including without limitation fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 87.

Appears in 7 contracts

Samples: Indemnification Agreement (Cliffs Natural Resources Inc.), Indemnification Agreement (Cliffs Natural Resources Inc.), Indemnification Agreement (Cleveland Cliffs Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, shareholder or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, charges and expenses, including including, without limitation, fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 87.

Appears in 4 contracts

Samples: Form of Indemnification Agreement (Gorman Rupp Co), Form of Indemnification Agreement (Gorman Rupp Co), Form of Indemnification Agreement (Gorman Rupp Co)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his the Indemnitee’s rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee’s choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including without limitation fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 86.

Appears in 4 contracts

Samples: Indemnification Agreement (Invizyne Technologies Inc), Indemnification Agreement (TC BioPharm (Holdings) PLC), Indemnification Agreement (TC BioPharm (Holdings) PLC)

Fees and Expenses of Enforcement. It is the intent of the Company that that, to the fullest extent permitted by law, the Indemnitee not be required to incur the legal fees or other expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding designed (or having the effect of being designed) to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, stockholder or other person affiliated with the Company, in any jurisdiction. Regardless of The Company shall, to the outcome thereoffullest extent permitted by law, the Company shall pay and be solely responsible for indemnify Indemnitee against any and all costsexpenses, charges, including without limitation attorneys’ fees and expenses, including fees and, if requested by Indemnitee, shall advance, to the extent not prohibited by law, such expenses, actually and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant (i) as a result of the Company’s failure to perform this Section 8Agreement or any provision hereof or (ii) as a result of the Company or any person contesting the validity or enforceability of this Agreement or any provision hereof.

Appears in 3 contracts

Samples: Indemnification Agreement (Magellan Petroleum Corp /De/), Indemnification Agreement (Magellan Petroleum Corp /De/), Indemnification Agreement (Magellan Petroleum Corp /De/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his her rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit suit, or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his her choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any directorDirector, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 89, unless the court determines that each of the material assertions made by the Indemnitee as a basis for the litigation or other legal action were not made in good faith or were frivolous.

Appears in 3 contracts

Samples: Officer Indemnification Agreement (Oglebay Norton Co /Ohio/), Officer Indemnification Agreement (Oglebay Norton Co /Ohio/), Officer Indemnification Agreement (Oglebay Norton Co /Ohio/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, charges and expenses, including including, without limitation, fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 87.

Appears in 2 contracts

Samples: Indemnification Agreement (Caliber System Inc), Indemnification Agreement (Caliber System Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding designed (or having the effect of being designed) to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, stockholder or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costsexpenses, charges, including without limitation attorneys’ fees and expenses, including fees actually and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant (i) as a result of the Company’s failure to perform this Section 8Agreement or any provision hereof or (ii) as a result of the Company or any person contesting the validity or enforceability of this Agreement or any provision hereof as aforesaid.

Appears in 2 contracts

Samples: Indemnification Agreement (Magellan Petroleum Corp /De/), Indemnification Agreement (Magellan Petroleum Corp /De/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses legal fees and/or other Expenses associated with the interpretation, enforcement or defense of his Indemnitee’s rights under this Agreement Agreement, by litigation or other legal action otherwise, because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, without limiting the generality or effect of any other provision hereof, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any action, suit litigation or other action or proceeding designed to deny, or to recover from, the Active 28900324.6 6 Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee’s choice, at the expense of the Company as hereafter providedCompany, to advise and represent the Indemnitee in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, shareholder or other person affiliated with the Company. Without respect to whether the Indemnitee prevails, in whole or in part, in connection with any jurisdiction. Regardless of the outcome thereofforegoing, the Company shall will pay and be solely financially responsible for any and all costs, charges, attorneys’ and expenses, including related fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant in connection with any of the foregoing. The Indemnitee shall be entitled to this the advancement of all attorneys’ and related fees and expenses to the full extent contemplated by Section 82 hereof in connection with any such action or proceeding.

Appears in 2 contracts

Samples: Indemnity Agreement (Zix Corp), Indemnity Agreement (Zix Corp)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any directorDirector, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including without limitation, fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 87.

Appears in 2 contracts

Samples: Indemnification Agreement (Cliffs Natural Resources Inc.), Indemnification Agreement (Cleveland Cliffs Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that that, to the fullest extent permitted by law, the Indemnitee not be required to incur the legal fees or other expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding designed (or having the effect of being designed) to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, stockholder or other person affiliated with the Company, in any jurisdiction. Regardless of The Company shall, to the outcome thereoffullest extent permitted by law, indemnify the Company shall pay and be solely responsible for Indemnitee against any and all costsexpenses, charges, including without limitation attorneys’ fees and expenses, including fees and, if requested by the Indemnitee, shall advance, to the extent not prohibited by law, such expenses, actually and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant (i) as a result of the Company’s failure to perform this Section 8Agreement or any provision hereof or (ii) as a result of the Company or any person contesting the validity or enforceability of this Agreement or any provision hereof.

Appears in 2 contracts

Samples: Indemnification Agreement (Magellan Petroleum Corp /De/), Indemnification Agreement (Magellan Petroleum Corp /De/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, deny or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.

Appears in 2 contracts

Samples: Officer Indemnification Agreement (MPW Industrial Services Group Inc), Director Indemnification Agreement (Elder Beerman Stores Corp)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, deny or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.. -6- 7

Appears in 2 contracts

Samples: Officer Indemnification Agreement (Omnova Solutions Inc), Officer Indemnification Agreement (Gencorp Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof such expenses would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that if the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit suit, or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including including, without limitation, fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 810, unless the court determines that each of the material assertions made by the Indemnitee as a basis for the litigation or other legal action were not made in good faith or were frivolous.

Appears in 2 contracts

Samples: Indemnification Agreement (Brush Engineered Materials Inc), Indemnification Agreement (Brush Engineered Materials Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits is intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter providedprofited, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including without limitation fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 87.

Appears in 2 contracts

Samples: Indemnification Agreement (Cleveland Cliffs Inc), Indemnification Agreement (Cleveland Cliffs Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes initiates any litigation or other legal action to declare this Agreement void or unenforceable, unenforceable or institutes any action, suit or proceeding to denydeny to, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense and prosecution by the Indemnitee of any litigation or other legal action, whether action to enforce his rights under this Agreement or in connection with the defense by the Indemnitee of any litigation or against other legal action initiated by the Company or any director, officer, shareholderother person to declare this Agreement void or unenforceable or to deny to, or other person affiliated with to recover from, the Company, in any jurisdictionIndemnitee the benefits intended to be provided to the Indemnitee hereunder. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant in connection with any litigation or other legal action referred to in the immediately preceding sentence of this Section 810. In addition, the Company shall pay and be solely responsible for the fees and expenses of any Independent Counsel.

Appears in 2 contracts

Samples: Director and Officer Indemnification Agreement (Gencorp Inc), Director and Officer Indemnification Agreement (Gencorp Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his [his/her] rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, deny or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his [his/her] choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any directorDirector, officer, shareholder, shareholder or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, charges and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.

Appears in 2 contracts

Samples: Director Indemnification Agreement (Sky Financial Group Inc), Officer Indemnification Agreement (Sky Financial Group Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit suit, or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any directorDirector, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 89, unless the court determines that each of the material assertions made by the Indemnitee as a basis for the litigation or other legal action were not made in good faith or were frivolous.

Appears in 1 contract

Samples: Officer Indemnification Agreement (Oglebay Norton Co /Ohio/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, deny or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.,

Appears in 1 contract

Samples: Indemnification Agreement (Cleveland Cliffs Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the interpretation, enforcement or defense of his the Indemnitee’s rights under this Agreement by litigation or other legal action otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his the Indemnitee’s choice, at the expense of the Company as hereafter provided, to advise and represent the Indemnitee in connection with any such interpretation, enforcement or defense, including the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, expenses including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 89.

Appears in 1 contract

Samples: Indemnification Agreement (Parker Hannifin Corp)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes initiates any litigation or other legal action to declare this Agreement void or unenforceable, unenforceable or institutes any action, suit or proceeding to denydeny to, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense and prosecution by the Indemnitee of any litigation or other legal action, whether action to enforce his rights under this Agreement or in connection with the defense by the Indemnitee of any litigation or against other legal action initiated by the Company or any director, officer, shareholderother person to declare this Agreement void or unenforceable or to deny to, or other person affiliated with to recover from, the Company, in any jurisdictionIndemnitee the benefits intended to be provided to the Indemnitee hereunder. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant in connection with any litigation or other legal action referred to in the immediately preceding sentence of this Section 811. In addition, the Company shall pay and be solely responsible for the fees and expenses of any Independent Counsel.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Sparton Corp)

Fees and Expenses of Enforcement. It is the intent of the Company Corporation that the Indemnitee not be required to incur the expenses legal fees and/or other Expenses associated with the interpretation, enforcement or defense of his Indemnitee's rights under this Agreement by litigation or other legal action otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, without limiting the generality or effect of any other provision hereof, if it should appear to the Indemnitee that the Company Corporation has failed to comply with any of its obligations under this Agreement or in the event that the Company Corporation or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any action, suit litigation or other action or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, the Company Corporation irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee's choice, at the expense of the Company as hereafter providedCorporation, to advise and represent the Indemnitee in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company Corporation or any director, officer, shareholder, shareholder or other person affiliated with the CompanyCorporation. Without respect to whether Indemnitee prevails, in whole or in part, in connection with any jurisdiction. Regardless of the outcome thereofforegoing, the Company shall Corporation will pay and be solely financially responsible for any and all costs, charges, attorneys' and expenses, including related fees and expenses of attorneys and others, reasonably incurred by Indemnitee in connection with any of the Indemnitee pursuant to this Section 8foregoing.

Appears in 1 contract

Samples: Indemnification Agreement (Frederick's of Hollywood Group Inc /Ny/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his [his/her] rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his [his/her] choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any directorDirector, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, charges and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Sky Financial Group Inc)

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Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his [his/her] rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunderunder this Agreement. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or entity initiates any litigation or other legal action to declare this Agreement void or unenforceable, unenforceable or institutes any action, suit or proceeding to denydeny to, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunderunder this Agreement, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his [his/her] choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense and prosecution by the Indemnitee of any litigation or other legal action, whether action to enforce [his/her] rights under this Agreement or in connection with the defense by the Indemnitee of any litigation or against other legal action initiated by the Company or any director, officer, shareholderother person or entity to declare this Agreement void or unenforceable or to deny to, or other person affiliated with to recover from, the Company, in any jurisdictionIndemnitee the benefits intended to be provided to the Indemnitee under this Agreement. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant in connection with any litigation or other legal action referred to in the immediately preceding sentence of this Section 811. In addition, the Company shall pay and be solely responsible for the fees and expenses of any Independent Counsel.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Lamson & Sessions Co)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses legal fees and or other Expenses associated with the interpretation, enforcement or defense of his Indemnitee's rights under this Agreement by litigation or other legal action otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, without limiting the generality or effect of any other provision hereof, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any action, suit litigation or other action or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee's choice, at the expense of the Company as hereafter providedCompany, to advise and represent the Indemnitee in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, shareholder or other person affiliated with the Company. Without respect to whether the Indemnitee prevails, in whole or in part, in connection with any jurisdiction. Regardless of the outcome thereofforegoing, the Company shall will pay and be solely financially responsible for any and all costs, charges, attorneys' and expenses, including related fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8in connection with any of the foregoing.

Appears in 1 contract

Samples: Indemnification Agreement (Comverse Technology Inc/Ny/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses legal fees and or other Expenses associated with the interpretation, enforcement or defense of his Indemnitee’s rights under this Agreement by litigation or other legal action otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, without limiting the generality or effect of any other provision hereof, if it should reasonably appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any action, suit litigation or other action or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee’s choice, at the expense of the Company as hereafter providedCompany, to advise and represent the Indemnitee in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, shareholder or other person affiliated with the Company. Without respect to whether the Indemnitee prevails, in whole or in part, in connection with any jurisdiction. Regardless of the outcome thereofforegoing, the Company shall will pay and be solely financially responsible for any and all costs, charges, attorneys’ and expenses, including related fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8in connection with any of the foregoing.

Appears in 1 contract

Samples: Indemnification Agreement (American Medical Alert Corp)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or entity initiates any litigation or other legal action to declare this Agreement void or unenforceable, unenforceable or institutes any action, suit or proceeding to denydeny to, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense and prosecution by the Indemnitee of any litigation or other legal action, whether action to enforce his rights under this Agreement or in connection with the defense by the Indemnitee of any litigation or against other legal action initiated by the Company or any director, officer, shareholderother person or entity to declare this Agreement void or unenforceable or to deny to, or other person affiliated with to recover from, the Company, in any jurisdictionIndemnitee the benefits intended to be provided to the Indemnitee hereunder. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant in connection with any litigation or other legal action referred to in the immediately preceding sentence of this Section 811. In addition, the Company shall pay and be solely responsible for the fees and expenses of any Independent Counsel.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Polyone Corp)

Fees and Expenses of Enforcement. It is the intent of the Company Corporation that the Indemnitee not be required to incur the expenses associated with the enforcement of his the Indemnitee's rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company Corporation has failed to comply with any of its obligations under this Agreement or in the event that the Company Corporation or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company Corporation irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee's choice, at the expense of the Company Corporation as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company Corporation or any director, officer, shareholder, or other person affiliated with the CompanyCorporation, in any jurisdiction. Regardless of the outcome thereof, the Company Corporation shall pay and be solely responsible for any and all costs, charges, and expenses, including without limitation fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 87.

Appears in 1 contract

Samples: Indemnification Agreement (Conley Canitano & Associates Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.. -6- 7

Appears in 1 contract

Samples: Director Indemnification Agreement (Gencorp Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof such expenses would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that if the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit suit, or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including including, without limitation, fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 87.

Appears in 1 contract

Samples: Indemnification Agreement (Brush Wellman Inc)

Fees and Expenses of Enforcement. It is the intent of the Company Corporation that the Indemnitee Indemnified Representative not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation litigation, arbitration or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee Indemnified Representative hereunder. Accordingly, if it should appear to the Indemnitee Indemnified Representative that the Company Corporation has failed to comply with any of its obligations under this Agreement or in the event that the Company Corporation or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding designed (or having the effect of being designed) to deny, or to recover from, the Indemnitee Indemnified Representative the benefits intended to be provided to the Indemnitee Indemnified Representative hereunder, the Company Corporation irrevocably authorizes the Indemnitee Indemnified Representative from time to time to retain counsel of his choice, at the expense of the Company Corporation as hereafter provided, to represent the Indemnitee Indemnified Representative in connection with the initiation or defense of any litigation litigation, arbitration or other legal action, whether by or against the Company Corporation or any director, officer, shareholder, stockholder or other person affiliated with the CompanyCorporation, in any jurisdiction. Regardless of the outcome thereof, the Company Corporation shall pay and be solely responsible for any and all costs, chargescharges and expenses including, without limitation, attorneys' and others' fees and expenses, including fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant Indemnified Representative (i) as a result of the Corporation's failure to perform this Section 8Agreement or any provision thereof or (ii) as a result of the Corporation or any person contesting the validity or enforceability of this Agreement or any provision thereof as aforesaid.

Appears in 1 contract

Samples: Indemnification Agreement (Morrison Knudsen Corp//)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its the obligations under this the Agreement or in the event that the Company or any other person takes any action to declare this the Agreement void or unenforceable, or institutes any action, suit or proceeding designed (or having the effect of being designed) to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against either the Company Company, any Subsidiary or any directorDirector, officer, shareholder, stockholder or other person affiliated with the CompanyCompany or any Subsidiary, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, charges and expenses, including without limitation attorneys' and others' fees and expenses of attorneys and othersexpenses, reasonably incurred by the Indemnitee pursuant (i) as a result of the failure of the Company to perform this Section 8Agreement or any provision thereof, or (ii) as a result of the undertaking of the Company or any person to contest the validity or enforceability of this Agreement or any provision thereof as aforesaid.

Appears in 1 contract

Samples: Indemnification Agreement (Ohm Corp)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses legal fees and or other Expenses associated with the interpretation, enforcement or defense of his Indemnitee’s rights under this Agreement by litigation or other legal action otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, without limiting the generality or effect of any other provision hereof, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any action, suit litigation or other action or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee’s choice, at the expense of the Company as hereafter providedCompany, to advise and represent the Indemnitee in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, shareholder or other person affiliated with the Company. Without respect to whether the Indemnitee prevails, in whole or in part, in connection with any jurisdiction. Regardless of the outcome thereofforegoing, the Company shall will pay and be solely financially responsible for any and all costs, charges, attorneys’ and expenses, including related fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8in connection with any of the foregoing.

Appears in 1 contract

Samples: Indemnification Agreement (Comverse Technology Inc/Ny/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any directorDirector, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expenses, including without limitation, fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8SECTION 7.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Cleveland Cliffs Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee Indemnitees not be required to incur the expenses associated with the enforcement of his their rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee Indemnitees hereunder. Accordingly, if it should reasonably appear to the Indemnitee Indemnitees that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding designed (or having the effect of being designed) to deny, or to recover from, the Indemnitee Indemnitees the benefits intended to be provided to the Indemnitee Indemnitees hereunder, the Company irrevocably authorizes the Indemnitee Indemnitees from time to time to retain counsel of his choice, at the expense of the Company as hereafter providedCompany, to represent the Indemnitee Indemnitees in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, stockholder or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costsexpenses, chargesincluding, without limitation, attorney's fees and expenses, including fees actually and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant Indemnitees (i) as a result of the Company's failure to perform this Section 8Agreement or any provision hereof or (ii) as a result of the Company or any person contesting the validity or enforceability of this Agreement or any provision hereof as aforesaid.

Appears in 1 contract

Samples: Indemnification Agreement (Nymagic Inc)

Fees and Expenses of Enforcement. It is the intent of the Company that that, to the fullest extent permitted by law, the Indemnitee not be required to incur the legal fees or other expenses associated with the enforcement of his her rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding designed (or having the effect of being designed) to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his her choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, stockholder or other person affiliated with the Company, in any jurisdiction. Regardless of The Company shall, to the outcome thereoffullest extent permitted by law, the Company shall pay and be solely responsible for indemnify Indemnitee against any and all costsexpenses, charges, including without limitation attorneys’ fees and expenses, including fees and, if requested by Indemnitee, shall advance, to the extent not prohibited by law, such expenses, actually and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant (i) as a result of the Company’s failure to perform this Section 8Agreement or any provision hereof or (ii) as a result of the Company or any person contesting the validity or enforceability of this Agreement or any provision hereof.

Appears in 1 contract

Samples: Indemnification Agreement (Magellan Petroleum Corp /De/)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses legal fees and/or other Expenses associated with the interpretation, enforcement or defense of his Indemnitee’s rights under this Agreement Agreement, by litigation or other legal action otherwise, because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, without limiting the generality or effect of any other provision hereof, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any action, suit litigation or other action or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his Indemnitee’s choice, at the expense of the Company as hereafter providedCompany, to advise and represent the Indemnitee in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, shareholder or other person affiliated with the Company. Without respect to whether the Indemnitee prevails, in whole or in part, in connection with any jurisdiction. Regardless of the outcome thereofforegoing, the Company shall will pay and be solely financially responsible for any and all costs, charges, attorneys’ and expenses, including related fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant in connection with any of the foregoing. The Indemnitee shall be entitled to this the advancement of all attorneys’ and related fees and expenses to the full extent contemplated by Section 82 hereof in connection with any such action or proceeding.

Appears in 1 contract

Samples: Indemnity Agreement (Zix Corp)

Fees and Expenses of Enforcement. It is the intent of the Company that the Indemnitee not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it should appear to the Indemnitee that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny, or to recover from, the Indemnitee the benefits intended to be provided to the Indemnitee hereunder, the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Indemnitee in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder, or other person affiliated with the Company, in any jurisdiction. Regardless of the outcome thereof, the Company shall pay and be solely responsible for any and all costs, charges, and expensesexpenses including, including without limitation, fees and expenses of attorneys and others, reasonably incurred by the Indemnitee pursuant to this Section 8.

Appears in 1 contract

Samples: Indemnification Agreement (Parker Hannifin Corp)

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