Common use of Non-Exclusive Provisions; Vesting Clause in Contracts

Non-Exclusive Provisions; Vesting. The indemnification provided by this Section shall not be deemed exclusive of any other rights to which a Person seeking indemnification may be entitled. The right of any Person to indemnification under this Section shall vest at the time of occurrence or performance of any event, act or omission giving rise to any action, suit or proceeding of the nature referred to in Section 10.1 and, once vested, shall not later be impaired as a result of any amendment, repeal, alteration or other modification of any or all of these provisions.

Appears in 2 contracts

Samples: Operating Agreement (Omnisource Corp), Operating Agreement (Omnisource Corp)

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Non-Exclusive Provisions; Vesting. The indemnification provided by this Section Article shall not be deemed exclusive of any other rights to which a Person seeking indemnification may be entitled. The right of any Person to indemnification under this Section Article shall vest at the time of occurrence or performance of any event, act or omission giving rise to any action, suit or proceeding of the nature referred to in Section 10.1 13.1 and, once vested, shall not later be impaired as a result of any amendment, repeal, alteration or other modification of any or all of these provisions.

Appears in 2 contracts

Samples: Operating Agreement (Jondex Corp), Operating Agreement (Imax Corp)

Non-Exclusive Provisions; Vesting. The indemnification provided by this Section shall is not be deemed exclusive of any other rights to which a Person person seeking indemnification may be entitled. The right of any Person person to indemnification under this Section shall vest at the time of occurrence or performance of any event, act act, or omission giving rise to any action, suit suit, or proceeding of the nature referred to in Section 10.1 10.I and, once vested, shall not later be impaired as a result of any amendment, repeal, alteration or other modification of any or all of these provisions.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Non-Exclusive Provisions; Vesting. The indemnification provided by this Section ARTICLE shall not be deemed exclusive of any other rights to which a Person seeking indemnification may be entitled. The right of any Person to indemnification under this Section ARTICLE shall vest at the time of occurrence or performance of any event, act act, or omission giving rise to any action, suit suit, or proceeding of the nature referred to in Section 10.1 13.1 and, once vested, shall not later be impaired as a result of any amendment, repeal, alteration alteration, or other modification of any or all of these provisions.

Appears in 1 contract

Samples: Operating Agreement of Nbty (Nutrition Headquarters (De), Inc.)

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Non-Exclusive Provisions; Vesting. The indemnification provided by this Section shall is not be deemed exclusive of any other rights to which a Person seeking indemnification may be entitled. The right of any Person to indemnification under this Section shall vest at the time of occurrence or performance of any event, act or omission giving rise to any action, suit or proceeding of the nature referred to in Section 10.1 13.1 and, once vested, shall not later be impaired as a result of any amendment, repeal, alteration or other modification of any or all of these provisions.

Appears in 1 contract

Samples: Operating Agreement (John D. Oil & Gas Co)

Non-Exclusive Provisions; Vesting. The indemnification provided by this Section Article shall not be deemed exclusive of any other rights to which a Person seeking indemnification may be entitled. The right of any Person to indemnification under this Section Article shall vest at the time of occurrence or performance of any event, act or omission giving rise to any claim, demand, action, suit or proceeding of the nature referred to in Section 10.1 13.1 and, once vested, shall not later be impaired as a result of any amendment, repeal, alteration or other modification of any or all of these provisions.

Appears in 1 contract

Samples: Operating Agreement (New Gaming Capital Partnership)

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