Common use of Indemnification for Expenses in Enforcing Rights Clause in Contracts

Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law and this Agreement, the Company shall also indemnify against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section 4, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Memorandum and Articles of Association now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaid. Indemnitee shall also be required to reimburse the Company in the event that a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (GLOBALFOUNDRIES Inc.), Form of Indemnification Agreement (GLOBALFOUNDRIES Inc.)

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Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law and this Agreementlaw, the Company shall also indemnify against, and, if requested by the Indemnitee, shall advance to the Indemnitee subject to and in accordance with Section 40, any Expenses actually and reasonably paid or incurred by the Indemnitee in connection with any action or proceeding by the Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Memorandum and Articles of Association Constituent Documents now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company. However, in the event that the Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section 5 0 shall be repaid. The Indemnitee shall also be required to reimburse the Company in the event that a final judicial determination is made that such action brought by the Indemnitee was frivolous or not made in good faith.

Appears in 2 contracts

Samples: Indemnification Agreement (Icox Innovations Inc.), Indemnification Agreement (Icox Innovations Inc.)

Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law and this Agreementlaw, the Company shall also indemnify against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section 43, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Memorandum and Articles of Association Constituent Documents now or hereafter in effect relating to Claims relating to Indemnifiable EventsClaims, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined by final judicial determination not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section 5 4 shall be repaid. Indemnitee shall also be required to reimburse the Company in the event that a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith.

Appears in 1 contract

Samples: Indemnification Agreement (Arhaus, Inc.)

Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law and this Agreementlaw, the Company Corporation shall also indemnify against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section 43, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment advancement of Expenses by the Company Corporation under any provision of this Agreement, or under any other agreement or provision of the Memorandum and Articles of Association Constituent Documents now or hereafter in effect relating to Claims Proceedings relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the CompanyCorporation. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification indemnification, reimbursement or advancement of Expenses or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaidrepaid to the Corporation within 30 days of the date such determination is made. In addition, Indemnitee shall also be required to reimburse the Company in the event that Corporation if a final judicial determination is made that such action or proceeding brought by Indemnitee was frivolous or not made in good faith.

Appears in 1 contract

Samples: Indemnification Agreement (NTN Buzztime Inc)

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Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law and this Agreement, the Company shall also indemnify against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section 4, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Memorandum and Articles of Association now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors' and officers' liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaid. Indemnitee shall also be required to reimburse the Company in the event that a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith.

Appears in 1 contract

Samples: Form of Indemnification Agreement (GLOBALFOUNDRIES Inc.)

Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law and this Agreementlaw, the Company shall also indemnify Indemnitee against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section 4, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Memorandum and Articles of Association Charter Documents now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaid. Indemnitee shall also be required to reimburse the Company in the event that a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith.

Appears in 1 contract

Samples: Indemnification Agreement (SMTC Corp)

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