Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 32 contracts
Samples: Indemnification Agreement (NeuroMetrix, Inc.), Indemnification Agreement (Plug Power Inc), Indemnification Agreement (Watts Water Technologies Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 13 contracts
Samples: Indemnification Agreement (Watts Water Technologies Inc), Indemnification Agreement (TechTarget Inc), Indemnification Agreement (Helicos Biosciences Corp)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above12(b), if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which that may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such mattermatter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expenses.
Appears in 11 contracts
Samples: Indemnification Agreement (LGAM Private Credit LLC), Indemnification Agreement (Muzinich Corporate Lending Income Fund, Inc.), Indemnification Agreement (North Haven Private Income Fund a LLC)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 11 contracts
Samples: Indemnification Agreement (Marshall Edwards Inc), Indemnification Agreement (Aegerion Pharmaceuticals, Inc.), Indemnification Agreement (Thomas Equipment, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 7 contracts
Samples: Indemnification Agreement (Albany Molecular Research Inc), Indemnification Agreement (Moldflow Corp), Indemnification Agreement (Cyber Dialogue Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b14(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by a separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain a counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 6 contracts
Samples: Personal Indemnification Agreement (Majesco Entertainment Co), Indemnification Agreement (Eagle Test Systems, Inc.), Form of Personal Indemnification Agreement (Majesco Entertainment Co)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b14(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by a separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain a counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 5 contracts
Samples: Indemnification Agreement (BladeLogic, Inc.), Indemnification Agreement (Optium Corp), Indemnification Agreement (Clayton Holdings Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter..
Appears in 5 contracts
Samples: Indemnification Agreement (Watts Water Technologies Inc), Indemnification Agreement (Watts Water Technologies Inc), Indemnification Agreement (Watts Water Technologies Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 5 contracts
Samples: Indemnification Agreement (Harvard Bioscience Inc), Indemnification Agreement (Harvard Bioscience Inc), Indemnification Agreement (Eyegate Pharmaceuticals Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, (i) if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (iA) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent are inconsistent with the position of other defendants in such Proceeding, or (iiB) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiiii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel counsel, which shall represent other persons’ similarly situated, of Indemnitee’s and such other persons’ choice and reasonably acceptable to the Company at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, except with respect to such actions suits or proceedings brought by the Company that are resolved in favor of the Company, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 4 contracts
Samples: Form of Director and Officer Indemnification Agreement (Liberty Acquisition Holdings Corp.), Form of Director and Officer Indemnification Agreement (FGX International Holdings LTD), Director and Officer Indemnification Agreement (FGX International Holdings LTD)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or between Indemnitee and another director or officer of the Company who is defended by the Company with the same counsel as counsel representing Indemnitee or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 4 contracts
Samples: Indemnification Agreement, Form of Indemnification Agreement (Boston Capital Real Estate Investment Trust Inc), Indemnification Agreement (DiamondRock Hospitality Co)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 4 contracts
Samples: Director and Officer Indemnification Agreement (Itex Corp), Indemnification Agreement (Voxware Inc), Indemnification Agreement (IBuyDigital.com, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above12(b), if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which that may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the CompanyFund, or (iii) if the Company Fund fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the CompanyFund. In addition, if the Company Fund fails to comply with any of its obligations under this Agreement or in the event that the Company Fund 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the CompanyFund, to represent Indemnitee in connection with any such mattermatter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expenses.
Appears in 3 contracts
Samples: Indemnification Agreement (Stone Point Credit Income Fund), Indemnification Agreement (Comvest Credit Partners BDC Fund, L.P.), Indemnification Agreement (Investcorp US Institutional Private Credit Fund)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of ----------------------------- Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 3 contracts
Samples: Indemnification Agreement (Circor International Inc), Agreement (Albany Molecular Research Inc), Form of Indemnification Agreement (Little Switzerland Inc/De)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 3 contracts
Samples: Indemnification Agreement (Rogers Corp), Indemnification Agreement (Rogers Corp), Indemnification Agreement (First Years Inc)
Indemnitee’s Right to Counsel. Notwithstanding the foregoing and the provisions of Section 11(b10(b) above, if in a Proceeding to which any Indemnitee is a party by reason of such Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she Indemnitee may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 3 contracts
Samples: Indemnification Agreement (Trustwave Holdings, Inc.), Indemnification Agreement (Trustwave Holdings, Inc.), Indemnification Agreement (Trustwave Holdings, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above12(b), if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, Company or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such mattermatter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expenses.
Appears in 2 contracts
Samples: Indemnification Agreement (Corporate Capital Trust, Inc.), Indemnification Agreement (Corporate Capital Trust, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b10(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have has significant separate defenses or counterclaims to assert with respect to any issue which may are not be consistent with the position of other defendants the Company in such Proceeding, (ii) a an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee all such Indemnitees shall be entitled to be represented by one separate legal counsel of their choice at the expense of the Company, provided that where representation of the Indemnitees by one separate legal counsel may result in a conflict of interest, each of the Indemnitees shall be entitled to be represented by separate legal counsel of Indemnitee’s their choice at the expense of the Company, provided further that any such separate legal counsel employed by an Indemnitee pursuant to this Section 10(c) be reasonably acceptable to the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person affiliate or successor of the Company takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 2 contracts
Samples: Indemnification Agreement (Mid-America Apartments, L.P.), Betts Corporation Indemnification Agreement (Thomas & Betts Corp)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of ----------------------------- Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 2 contracts
Samples: Director Indemnification Agreement (C Quential Inc), Indemnification Agreement (Digitas Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b10(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have has significant separate defenses or counterclaims to assert with respect to any issue which may are not be consistent with the position of other defendants the Company in such Proceeding, (ii) a an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee all such Indemnitees shall be entitled to be represented by one separate legal counsel of their choice at the expense of the Company, provided that where representation of Indemnitees by one separate legal counsel may result in a conflict of interest, each of the Indemnitees shall be entitled to be represented by separate legal counsel of Indemnitee’s their choice at the expense of the Company, and provided further that any such separate legal counsel employed by Indemnitee pursuant to this Section 10(c) shall be reasonably acceptable to the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person affiliate or successor of the Company takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 2 contracts
Samples: Indemnification Agreement (Susa Partnership Lp), Officer Indemnification Agreement (Susa Partnership Lp)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the reasonable expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the reasonable expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 2 contracts
Samples: Indemnification Agreement, Indemnification Agreement (GrowGeneration Corp.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 2 contracts
Samples: Indemnification Agreement (Rogers Corp), Indemnification Agreement (Rogers Corp)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company (including an actual or potential conflict between the Indemnitee and the counsel selected by the Company), or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, or (iv) any such representation by the Company fails to meet any applicable standards of professional conduct then prevailing, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Ign Entertainment Inc), Indemnification Agreement (WII Components, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above12(b), if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such mattermatter and the Expenses incurred by Indemnitee in any such matter shall constitute Indemnifiable Expenses.
Appears in 2 contracts
Samples: Indemnification Agreement (Kayne DL 2021, Inc.), Indemnification Agreement (Kayne Anderson BDC, LLC)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of ----------------------------- Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, Proceeding or (ii) a conflict of interest or potential conflict of interest exists between the Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Form of Indemnification Agreement (Cypress Communications Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b10(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status's Official Capacity, (i) Indemnitee reasonably concludes that he or she Indmenitee may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with with, or may be otherwise in conflict with, the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and including without limitation the Company, or (iii) if the Company fails to assume and maintain the defense of such proceeding in a timely and competent manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Director and Officer Indemnification Agreement (Techne Corp /Mn/)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b10(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have has significant separate defenses or counterclaims to assert with respect to any issue which may are not be consistent with the position of other defendants the Company in such Proceeding, (ii) a an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee all such Indemnitees shall be entitled to be represented by one separate legal counsel of their choice at the expense of the Company, provided that where representation of the Indemnitees by one separate legal counsel may result in a conflict of interest, each of the Indemnitees shall be entitled to be represented by separate legal counsel of Indemnitee’s their choice at the expense of the Company, provided further that any such separate legal counsel employed by an Indemnitee pursuant to this Section 10(c) be reasonably acceptable to the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person affiliate or successor of the Company takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Betts Corporation Indemnification Agreement (Thomas & Betts Corp)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of ----------------------------- Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely tamely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if If the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain legal counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of ----------------------------- Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes concludes, based upon an opinion of counsel, that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a Indemnitee reasonably concludes, based upon an opinion of counsel, that an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (National Golf Properties Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above14(b)above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by a separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain a counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) counsel to the Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any significant issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company, provided that in any case in which Indemnitee retains separate counsel, such counsel shall reasonably cooperate with Company counsel to minimize costs of defending claims against the Company and the Indemnitee. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, (i) if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (iA) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent are inconsistent with the position of other defendants in such Proceeding, or (iiB) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiiii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel counsel, which shall represent other persons' similarly situated, of Indemnitee’s 's and such other persons' choice and reasonably acceptable to the Company at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, except with respect to such actions suits or proceedings brought by the Company that are resolved in favor of the Company, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Director Indemnification Agreement (Velocity Asset Management Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, (i) if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (iA) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent are inconsistent with the position of other defendants in such Proceeding, or (iiB) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiiii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel counsel, which shall represent other persons similarly situated, of Indemnitee’s choice and reasonably acceptable to the Company at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, except with respect to such actions suits or proceedings brought by the Company that are resolved in favor of the Company, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (Monotype Imaging Holdings Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above12(b), if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiiii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter. If none of the circumstances in the preceding two sentences are present but Indemnitee nonetheless desires to be represented by separate legal counsel of Indemnitee’s choice, Indemnitee shall be permitted to do so at Indemnitee’s expense, it being understood that the Company’s counsel shall serve as lead counsel.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b10(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have has significant separate defenses or counterclaims to assert with respect to any issue which may are not be consistent with the position of other defendants the Company in such Proceeding, (ii) a an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee all such Indemnitees shall be entitled to be represented by one separate legal counsel of their choice at the expense of the Company, provided that where representation of the Indemnitees by one separate legal counsel may result in a conflict of interest, each of the Indemnitees shall be entitled to be represented by separate legal counsel of Indemnitee’s their choice at the expense of the Company, provided further that any such separate legal counsel employed by an Indemnitee pursuant to this Section 10(c) be reasonably acceptable to the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person affiliate or successor of the Company takes any action to declare this Agreement void or unenforceable, or institutes insti- tutes any action, suit or proceeding Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of ----------------------------- Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain legal counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, (i) if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (iA) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent are inconsistent with the position of other defendants in such Proceeding, or (iiB) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiiii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel counsel, which shall represent other persons’ similarly situated, of Indemnitee’s and such other persons’ choice and reasonably acceptable to the Company at the expense of the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person Entity or individual takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, except with respect to any Proceeding or any claim, issue or matter therein that is resolved in favor of the Company, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Director and Officer (American Defense Systems Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, (i) if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (iA) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent are inconsistent with the position of other defendants in such Proceeding, or (iiB) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiiii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel counsel, which shall represent other persons similarly situated, of Indemnitee’s and such other person’s choice and reasonably acceptable to the Company at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, except with respect to such actions suits or proceedings brought by the Company that are resolved in favor of the Company, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Director Indemnification Agreement (Eyeblaster Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) 7.2 above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (ia) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (iib) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiic) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Form of Indemnification Agreement (MagnaChip Semiconductor LTD (United Kingdom))
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the CompanyIndemnitors, or (iii) if the Company fails Indemnitors fail to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of IndemniteeIndemnitee ’s choice at the expense of the CompanyIndemnitors. In addition, if the Company fails Indemnitors fail to comply with any of its their obligations under this Agreement or in the event that the Company Indemnitors 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of IndemniteeIndemnitee ’s choice, at the expense of the CompanyIndemnitors, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (Gables Residential Trust)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b11 (b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (Metretek Technologies Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of ----------------------------- Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Executive Employment Agreement (Wyndham International Inc)
Indemnitee’s Right to Counsel. Notwithstanding the foregoing and the provisions of Section 11(b10(b) above, if in a Proceeding to which the Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she Indemnitee may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (Trustwave Holdings, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b), (i) above, if in a Proceeding to which Indemnitee is a party (or otherwise a participant) by reason of Indemnitee’s Corporate Status, (iA) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent are inconsistent with the position of other defendants in such Proceeding, or (iiB) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iiiii) if the Company fails to assume the defense of such proceeding in a timely manneraccordance with Section 12(b), Indemnitee shall be entitled to be represented by separate legal counsel counsel, which shall represent other persons’ similarly situated, of Indemnitee’s and such other persons’ choice at and reasonably acceptable to the Company at, to the fullest extent permitted by applicable law, the expense of the Company. In addition, to the fullest extent permitted by applicable law, if the Company fails to comply with any of its obligations under this Agreement Deed or in the event that the Company or any other person takes any action to declare this Agreement Deed void or unenforceable, or institutes any action, suit or proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, except with respect to such actions suits or proceedings brought by the Company that are resolved in favor of Cardtronics Delaware, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Deed of Indemnity (Cardtronics PLC)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company (including an actual or potential conflict between the Indemnitee and the counsel selected by the Company), or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, or (iv) any such representation by the Company fails to meet any applicable standards of professional conduct then prevailing, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Director Indemnification Agreement (PrimeWood, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions ----------------------------- of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes concludes, based upon an opinion of counsel, that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a Indemnitee reasonably concludes, based upon an opinion of counsel, that an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (National Golf Properties Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above15(b), if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter. If none of the circumstances in the preceding two sentences are present but Indemnitee nonetheless desires to be represented by separate legal counsel of Indemnitee’s choice, Indemnitee shall be permitted to do so at Indemnitee’s expense.
Appears in 1 contract
Samples: Director Indemnification Agreement (BJ Services, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she it may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 5 declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (Circor International Inc)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Director and Officer Indemnification Agreement (Itex Corporation)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, Corporation or (iii) if the Company Corporation fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the CompanyCorporation. In addition, if the Company Corporation fails to comply with any of its obligations under this Agreement or in if 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the CompanyCorporation, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (Proteostasis Therapeutics, Inc.)
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) counsel to Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any significant issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company, provided that in any case in which Indemnitee retains separate counsel, such counsel shall reasonably cooperate with Company counsel to minimize costs of defending claims against the Company and Indemnitee. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if if, in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s 's Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s 's choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s 's choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, (ii) Indemnitee reasonably determines (based upon the advice of counsel) that a conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or between Indemnitee and another director or officer of the Company who is defended by the Company with the same counsel as counsel representing Indemnitee or (iii) if the Company fails to assume the defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company fails 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 Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any such matter.
Appears in 1 contract
Samples: Indemnification Agreement (Boston Properties LTD Partnership)