Common use of Mandatory Indemnification of Eligible Parties Clause in Contracts

Mandatory Indemnification of Eligible Parties. Subject to the Business Corporations Act, the Company must indemnify a director, former director or alternate director of the Company and his or her heirs and legal personal representatives against all eligible penalties to which such person is or may be liable, and the Company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternate director is deemed to have contracted with the Company on the terms of the indemnity contained in this Article 21.2.

Mandatory Indemnification of Eligible Parties. Subject to the Business Corporations Act, the Company must indemnify a director, former director or alternate director of the Company an eligible party and his or her heirs and legal personal representatives against all eligible penalties to which such person is or may be liable, and the Company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternate director eligible party is deemed to have contracted with the Company on the terms of the indemnity contained in this Article 21.220.2.

Mandatory Indemnification of Eligible Parties. ‌ Subject to the Business Corporations Act, the Company must indemnify a director, former director or alternate director of the Company and his or her heirs and legal personal representatives against all eligible penalties to which such person is or may be liable, and the Company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternate director is deemed to have contracted with the Company on the terms of the indemnity contained in this Article 21.2.

Mandatory Indemnification of Eligible Parties. Subject to the Business Corporations Act, the Company must indemnify a director, former director or alternate director of the Company and his or her heirs and legal personal representatives an eligible party against all eligible penalties to which such person is or may be liable, and the Company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternate director is deemed to have contracted with the Company on the terms of the indemnity contained in this Article 21.220.2.

Mandatory Indemnification of Eligible Parties. Subject to the Business Corporations Act, the Company must indemnify a director, former director or alternate director of the Company each eligible party and his or her heirs and legal personal representatives against all eligible penalties to which such person is or may be liable, and the Company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternate director eligible party is deemed to have contracted with the Company on the terms of the indemnity contained in this Article 21.222.2.

Mandatory Indemnification of Eligible Parties. Subject to the Business Corporations Act, the Company must indemnify a director, former director or alternate director of the Company each eligible party and his or her heirs and legal personal representatives against all eligible penalties to which such person is or may be liable, and the Company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternate director eligible party is deemed to have contracted with the Company on the terms of the indemnity contained in this Article 21.2.