Indemnification in Derivative Actions. In respect of any Derivative Action, the Company will, at the Indemnified Party’s request, apply to a court of competent jurisdiction for approval to indemnify the Indemnified Party against all Eligible Penalties and all Expenses actually and reasonably incurred by the Indemnified Party in connection with that Derivative Action, as well as for approval to advance money to the Indemnified Party under Section 4.
Appears in 4 contracts
Samples: Indemnity Agreement (Strong Global Entertainment, Inc.), Indemnity Agreement (Strong Global Entertainment, Inc), Indemnity Agreement (Strong Global Entertainment, Inc)
Indemnification in Derivative Actions. In respect of any Derivative Action, the Company will, at the Indemnified Party’s request, apply at the Company’s own expense to a court of competent jurisdiction for approval to indemnify the Indemnified Party against all Eligible Penalties and all Expenses actually and reasonably incurred by the Indemnified Party in connection with that Derivative Action, as well as for approval to advance money to the Indemnified Party under Section 4.
Appears in 3 contracts
Samples: Indemnity Agreement (New Horizon Aircraft Ltd.), Indemnity Agreement (Draganfly Inc.), Indemnity Agreement (Gold Torrent Canada Inc)
Indemnification in Derivative Actions. In respect of any a Derivative Action, the Company Corporation will, at the Indemnified Party’s request, apply to make application for approval by a court of competent jurisdiction for approval to indemnify the Indemnified Party against all Eligible Penalties and all Expenses actually and Costs reasonably incurred by the Indemnified Party in connection with that Derivative Action, as well as for approval to advance money to the Indemnified Party under Section 4.
Appears in 1 contract
Samples: Management Services Agreement (Olympus Pacific Minerals Inc)
