Common use of Partial Indemnification or Reimbursement Clause in Contracts

Partial Indemnification or Reimbursement. If the Indemnitee is entitled under any provision of this Agreement to indemnification and/or reimbursement by the Corporation for some or a portion of the claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement by the Indemnitee in connection with the investigation of, defense of, settlement of, appeal of our testimony provided with respect to any action or proceeding specified in Section 1, 2, or 3 hereof, but not, however, for the total amount thereof, the Corporation shall nevertheless indemnify and/or reimburse the Indemnitee for the portion thereof to which the Indemnitee is entitled. The party or parties making the Determination shall determine the portion (if less than all) of such claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement for which the Indemnitee is entitled to indemnification and/or reimbursement under this Agreement. SECTION 6 --------- PROCEDURES FOR DETERMINATION OF WHETHER STANDARDS HAVE BEEN SATISFIED ---------------------------------------------------------------------

Appears in 1 contract

Samples: Indemnification Agreement (Sagemark Companies LTD)

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Partial Indemnification or Reimbursement. If the Indemnitee is entitled under any provision of this Agreement to indemnification and/or reimbursement by the Corporation for some or a portion of the claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement by the Indemnitee in connection with the investigation of, defense of, settlement of, appeal of our testimony provided with respect to any action or proceeding specified in Section 1, 2, or 3 hereof, but not, however, for the total amount thereof, the Corporation shall nevertheless indemnify and/or reimburse the Indemnitee for the portion thereof to which the Indemnitee is entitled. The party or parties making the Determination shall determine the portion (if less than all) of such claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement for which the Indemnitee is entitled to indemnification and/or reimbursement under this Agreement. SECTION 6 --------- PROCEDURES FOR DETERMINATION OF WHETHER STANDARDS HAVE BEEN SATISFIED --------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Indemnification Agreement (Sagemark Companies LTD)

Partial Indemnification or Reimbursement. If the Indemnitee is entitled under any provision of this Agreement to of indemnification and/or reimbursement by the Corporation Company for some or a portion of the claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement by the Indemnitee in connection with the investigation of, defense of, settlement of, appeal of our or testimony provided with respect to any action or proceeding specified in Section Sections 1, 2, 3 or 3 4 hereof, but not, however, for the total amount thereof, the Corporation Company shall nevertheless indemnify and/or reimburse the Indemnitee for the portion thereof to which the Indemnitee is entitled. The party or parties making the Determination shall determine the portion (if less than all) of such claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement for which the Indemnitee is entitled to indemnification and/or reimbursement under this Agreement. SECTION 6 --------- PROCEDURES FOR DETERMINATION OF WHETHER STANDARDS HAVE BEEN SATISFIED ---------------------------------------------------------------------.

Appears in 1 contract

Samples: Indemnification Agreement (21st Century Holding Co)

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Partial Indemnification or Reimbursement. If the Indemnitee is entitled under any provision of this Agreement to indemnification and/or reimbursement by the Corporation Company for some or a portion of the claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement by the Indemnitee in connection with the investigation of, defense of, settlement of, appeal of our or testimony provided with respect to any action or proceeding specified in Section Sections 1, 2, 3 or 3 4 hereof, but not, however, for the total amount thereof, the Corporation Company shall nevertheless indemnify and/or reimburse the Indemnitee for the portion thereof to which the Indemnitee is entitled. The party or parties making the Determination shall determine the portion (if less than all) of such claims, damages, expenses (including attorneys' fees), judgments, penalties, fines or amounts paid in settlement for which the Indemnitee is entitled to indemnification and/or reimbursement under this Agreement. SECTION 6 --------- PROCEDURES FOR DETERMINATION OF WHETHER STANDARDS HAVE BEEN SATISFIED ---------------------------------------------------------------------.

Appears in 1 contract

Samples: Indemnification Agreement (21st Century Holding Co)

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