Common use of Other Indemnification and Insurance Clause in Contracts

Other Indemnification and Insurance. The indemnification provided by this Article shall (a) not be deemed exclusive of, or to preclude, any other right to which those seeking indemnification may at any time be entitled under the Certificate, any law, agreement or written consent of the Management Directors, or otherwise, or under any policy or policies of insurance purchased and maintained by the Company on behalf of any Indemnitee, both as to action in an Official Capacity and as to action in any other capacity, (b) continue as to a Person who has ceased to be in the capacity by reason of which he was an Indemnitee with respect to matters arising during the period he was in such capacity, (c) inure to the benefit of the heirs, executors and administrators of such a Person, and (d) not be required if and to the extent that the Person otherwise entitled to payment of such amounts hereunder has actually received payment herefore under any insurance policy, contract or otherwise.

Appears in 32 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (United States Brent Oil Fund, LP)

AutoNDA by SimpleDocs

Other Indemnification and Insurance. The indemnification provided by this Article shall (a) not be deemed exclusive of, or to preclude, any other right rights to which those seeking indemnification may at any time be entitled under the CertificateCompany's Articles of Incorporation, any law, agreement or written consent vote of the Management shareholders or disinterested Directors, or otherwise, or under any policy or policies of insurance purchased and maintained by the Company on behalf of any Indemnitee, both as to action in an his Official Capacity and as to action in any other capacity, (b) continue as to a Person person who has ceased to be in the capacity by reason of which he was an Indemnitee with respect to matters arising during the period he was in such capacity, (c) inure to the benefit of the heirs, executors and administrators of such a Person, person and (d) not be required if and to the extent that the Person person otherwise entitled to payment of such amounts hereunder has actually received payment herefore therefor under any insurance policy, contract or otherwise.

Appears in 2 contracts

Samples: Acquisition Agreement (Artfest International Inc), Agreement and Plan of Merger (World Waste Technologies Inc)

AutoNDA by SimpleDocs

Other Indemnification and Insurance. The indemnification provided by this Article shall (a) not be deemed exclusive of, or to preclude, any other right rights to which those seeking indemnification may at any time be entitled under the Company’s Certificate, any law, agreement or written consent vote of the Management DirectorsManagers, or otherwise, or under any policy or policies of insurance purchased and maintained by the Company on behalf of any Indemnitee, both as to action in an his Official Capacity and as to action in any other capacity, (b) continue as to a Person person who has ceased to be in the capacity by reason of which he was an Indemnitee with respect to matters arising during the period he was in such capacity, (c) inure to the benefit of the heirs, executors and administrators of such a Personperson, and (d) not be required if and to the extent that the Person person otherwise entitled to payment of such amounts hereunder has actually received payment herefore therefor under any insurance policy, contract or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Samson Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!