Common use of Limitation with Respect to Company Actions Clause in Contracts

Limitation with Respect to Company Actions. Notwithstanding the foregoing, the Company shall not indemnify and hold harmless Indemnitee with respect to any Losses (as opposed to Expenses) in connection with, or arising from, any Company Action. Furthermore, the Company shall not indemnify and hold harmless Indemnitee with respect to any Expenses in connection with, or arising from, any Company Action as to which Indemnitee shall have been adjudged to be liable to the Company by a court of competent jurisdiction, unless, and then only to extent that, any court in which such Company Action was brought shall determine upon application that, despite the adjudication of liability, but in view of all of the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such Expenses as such court shall deem proper.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Victory Park Capital Advisors, LLC), Indemnification Agreement (Power Solutions International, Inc.), Indemnification Agreement (Diamond Resorts International, Inc.)

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Limitation with Respect to Company Actions. Notwithstanding the foregoing, the Company shall not indemnify and hold harmless Indemnitee with respect to any Losses (as opposed to Expenses) in connection with, with or arising from, from any Company Action. Furthermore, the Company shall not indemnify and hold harmless Indemnitee with respect to any Expenses in connection with, with or arising from, from any Company Action as to which Indemnitee shall have been adjudged to be liable to the Company by a court of competent jurisdiction, unless, and then only to extent that, any court in which such Company Action was brought shall determine upon application that, despite the adjudication of liability, but in view of all of the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such Expenses as such court shall deem proper.

Appears in 3 contracts

Samples: Form of Indemnification Agreement (Information Services Group Inc.), Indemnification Agreement (Unigene Laboratories Inc), Indemnification Agreement (Unigene Laboratories Inc)

Limitation with Respect to Company Actions. Notwithstanding the foregoing, the Company shall not indemnify and hold harmless Indemnitee with respect to any Losses (as opposed to Expenses) in connection with, with or arising from, from any Company Action. Furthermore, the Company shall not indemnify and hold harmless Indemnitee with respect to any Expenses in connection with, with or arising from, from any Company Action as to which the Indemnitee shall have been adjudged to be liable to the Company by a court of competent jurisdiction, unless, and then only to extent that, any court in which such Company Action was brought shall determine upon application that, despite the adjudication of liability, but in view of all of the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnification for such Expenses as such court shall deem proper.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (Dolan Media CO), Indemnification Agreement (Iggys House, Inc.)

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Limitation with Respect to Company Actions. Notwithstanding the foregoing, the Company shall not indemnify and hold harmless Indemnitee with respect to any Losses (as opposed to Expenses) in connection with, or arising from, any Company Action. Furthermore, the Company shall not indemnify and hold harmless Indemnitee with respect to any Expenses in connection with, with or arising from, from any Company Action as to which the Indemnitee shall have been finally adjudged to be liable to the Company by a court of competent jurisdictionjurisdiction due to Indemnitee’s negligence or misconduct in the performance of the Indemnitee’s duties to the Company, unless, and then only to extent that, any court in which such Company Action was brought shall determine upon application that, despite the adjudication of liability, but in view of all of the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnification Expenses for such Expenses indemnification as such court shall deem proper.

Appears in 1 contract

Samples: Indemnification Agreement (Rli Corp)

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