Common use of Mandatory Indemnification; Indemnification as a Witness Clause in Contracts

Mandatory Indemnification; Indemnification as a Witness. (i) To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable Event, including, without limitation, dismissal without prejudice, Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with Section 3 to the fullest extent allowable by law. (ii) To the extent that Indemnitee’s involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by law.

Appears in 2 contracts

Samples: Indemnification Agreement (1st Constitution Bancorp), Indemnification Agreement (1st Constitution Bancorp)

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Mandatory Indemnification; Indemnification as a Witness. (i) To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable Eventor any portion thereof or in defense of any issue or matter therein, including, including without limitation, limitation dismissal without prejudice, Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with Section 3 to the fullest extent allowable by law, and no Standard of Conduct Determination shall be required. (ii) To the extent that Indemnitee’s involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by lawlaw and no Standard of Conduct Determination shall be required.

Appears in 1 contract

Samples: Indemnification Agreement (Polarityte, Inc.)

Mandatory Indemnification; Indemnification as a Witness. (i) To the extent that Indemnitee shall have been is successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable EventEvent or any portion of such Claim, including, without limitation, including dismissal with or without prejudice, Indemnitee shall will be indemnified against all Losses relating to such Claim in accordance with Section 3 to the fullest extent allowable by law3. (ii) To the extent that Indemnitee’s involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and serve as a witness, and not as a party, the Indemnitee shall will be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by lawwith such Claim in accordance with Section 3.

Appears in 1 contract

Samples: Indemnification Agreement (Sensus Healthcare, Inc.)

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Mandatory Indemnification; Indemnification as a Witness. (i) To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable EventEvent or any portion thereof or in defense of any issue or matter therein, including, including without limitation, limitation dismissal without prejudice, Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with Section 3 to the fullest extent allowable by law. (ii) . To the extent that Indemnitee’s 's involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by lawlaw and no Standard of Conduct Determination (as defined in Section 3.6(b)) shall be required.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Guardion Health Sciences, Inc.)

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