Common use of No Presumption of Wrong Doing Clause in Contracts

No Presumption of Wrong Doing. The determination of any Claim, by adjudication, settlement, or otherwise, shall not, of itself, create any presumption for the purposes of this Indemnity Agreement that the Nominee did not act honestly and in good faith with a view to the best interests of the Company or an Associated Corporation, or, in the case of a criminal or administrative action or proceeding, that the Nominee did not have reasonable grounds for believing that his conduct was lawful, unless a judgment or order of the Court specifically finds otherwise.

Appears in 5 contracts

Samples: Form of Indemnity Agreement (Clever Leaves Holdings Inc.), Corporate Governance Agreement (Premier Exhibitions, Inc.), Corporate Governance Agreement (Premier Exhibitions, Inc.)

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