Common use of Nature of Rights Clause in Contracts

Nature of Rights. The rights conferred upon indemnitees in this Article VII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII VI shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII VI that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII 7 shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII 7 that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII ARTICLE VIII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII ARTICLE VIII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII VIII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII VIII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII VI shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII VI that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII ARTICLE IX shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII ARTICLE IX that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII SEVENTH shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII SEVENTH that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII VIII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII VIII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII IV shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII IV that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII ARTICLE VIII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII ARTICLE VIII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s 's heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII that adversely affects any right of an indemnitee or its it successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII XI shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII XI that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII that adversely affects any right of an indemnitee or its it successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII Ten shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII Ten that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII 6 shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer, or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors executors, and administrators. Any amendment, alteration alteration, or repeal of this Article VII 6 that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII 6 shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII 6 that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees Indemnitees in this Article VII shall be contract rights and such rights shall continue as to an indemnitee Indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemniteeIndemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII that adversely affects any right of an indemnitee Indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding Proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII ‎Article VI shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII ‎Article VI that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees Indemnitees in this Article VII shall be contract rights and such rights shall continue as to an indemnitee Indemnitee who has ceased to be a director director, officer, employee or officer agent and shall inure to the benefit of the indemnitee’s Indemnitee's heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII that adversely affects any right of an indemnitee Indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to any such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII ARTICLE VIII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s 's heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII ARTICLE VIII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer similar functionary and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII that adversely affects any right of an indemnitee or its successors such person’s heirs, executors and administrators shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII Fourteen shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII Fourteen that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII VIII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII VIII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article VII IX shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII IX that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees Indemnitees in this Article VII ‎Article VI shall be contract rights and such rights shall continue as to an indemnitee Indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemniteeIndemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII ‎Article VI that adversely affects any right of an indemnitee Indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding Proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment amendment, alteration or repeal.

Nature of Rights. The rights conferred upon indemnitees in this Article ‎Article VII shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article ‎Article VII that adversely affects any right of an indemnitee or its successors shall be prospective only and shall not limit, eliminate, or impair any such right with respect to any proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.

Nature of Rights. The rights conferred upon indemnitees Indemnitees in this Article VII SEVENTH shall be contract rights and such rights shall continue as to an indemnitee Indemnitee who has ceased to be a director director, officer or officer trustee and shall inure to the benefit of the indemniteeIndemnitee’s heirs, executors and administrators. Any amendment, alteration or repeal of this Article VII SEVENTH that adversely affects any right of an indemnitee Indemnitee or its successors shall be prospective only and shall not limit, eliminate, limit or impair eliminate any such right with respect to any proceeding Proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place prior to such amendment or repeal.