Common use of Persons Entitled to Indemnity Clause in Contracts

Persons Entitled to Indemnity. Any Person who is within the definition of “Indemnified Person” at the time of any action or inaction in connection with the activities of the Partnership shall be entitled to the benefits of this Article 13 as an “Indemnified Person” with respect thereto, regardless of whether such Person continues to be within the definition of “Indemnified Person” at the time of such Indemnified Person’s claim for indemnification or exculpation hereunder. The right to indemnification and the advancement of expenses conferred in this Article 13 shall not be exclusive of any other right which any Person may have or hereafter acquire under any statute, agreement, by law, vote of the General Partner or otherwise. If this Article 13 or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Partnership shall nevertheless indemnify and hold harmless each Indemnified Person pursuant to this Article 13 to the fullest extent permitted by any applicable portion of this Article 13 that shall not have been invalidated and to the fullest extent permitted by applicable law.

Appears in 3 contracts

Samples: Agreement of Exempted Limited Partnership (Taylor Morrison Home Corp), Agreement of Exempted Limited Partnership (Taylor Morrison Home Corp), Agreement of Exempted Limited Partnership

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Persons Entitled to Indemnity. Any Person who is within the definition of “Indemnified Person” at the time of any action or inaction in connection with the activities business of the Partnership shall Company or any of its Subsidiaries will be entitled to the benefits of this Article 13 16 as an “Indemnified Person” with respect thereto, regardless of whether such Person continues to be within the definition of “Indemnified Person” at the time of such Indemnified Person’s claim for indemnification or exculpation hereunder. The right to indemnification and the advancement of expenses conferred in this Article 13 shall 16 will not be exclusive of any other right which any Person may have or hereafter acquire under any statute, agreement, by lawLaw, vote of the General Partner Board of Managers or otherwise. If this Article 13 16 or any portion hereof shall will be invalidated on any ground by any court of competent jurisdiction, then the Partnership shall Company will nevertheless indemnify and hold harmless each Indemnified Person pursuant to this Article 13 16 to the fullest extent permitted by any applicable portion of this Article 13 16 that shall will not have been invalidated and to the fullest extent permitted by applicable lawLaw.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Gryphon Gold Corp)

Persons Entitled to Indemnity. Any Person who is within the definition of “Indemnified Person” at the time of any action or inaction in connection with the activities of the Partnership Company shall be entitled to the benefits of this Article 13 Section 11.02 as an “Indemnified Person” with respect thereto, regardless of whether such Person continues to be within the definition of “Indemnified Person” at the time of such Indemnified Person’s claim for indemnification or exculpation hereunder. The right to indemnification and the advancement of expenses conferred in this Article 13 Section 11.02 shall not be exclusive of any other right which any Person may have or hereafter acquire under any statute, agreement, by lawLaw, vote decision of the General Partner Managing Member or otherwise. If this Article 13 Section 11.02 or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Partnership Company shall nevertheless indemnify and hold harmless each Indemnified Person pursuant to this Article 13 Section 11.02 to the fullest extent permitted by any applicable portion of this Article 13 Section 11.02 that shall not have been invalidated and to the fullest extent permitted by applicable lawLaw.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (McAfee Corp.), Limited Liability Company Agreement (McAfee Corp.)

Persons Entitled to Indemnity. Any Person who is within the definition of “Indemnified Person” at the time of any action or inaction in connection with the activities of the Partnership Company shall be entitled to the benefits of this Article 13 Section ‎11.02 as an “Indemnified Person” with respect thereto, regardless of whether such Person continues to be within the definition of “Indemnified Person” at the time of such Indemnified Person’s claim for indemnification or exculpation hereunder. The right to indemnification and the advancement of expenses conferred in this Article 13 Section ‎11.02 shall not be exclusive of any other right which any Person may have or hereafter acquire under any statute, agreement, by lawLaw, vote decision of the General Partner Manager or otherwise. If this Article 13 Section ‎11.02 or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Partnership Company shall nevertheless indemnify and hold harmless each Indemnified Person pursuant to this Article 13 Section ‎11.02 to the fullest extent permitted by any applicable portion of this Article 13 Section ‎11.02 that shall not have been invalidated and to the fullest extent permitted by applicable lawLaw.

Appears in 2 contracts

Samples: Operating Agreement (Falcon's Beyond Global, Inc.), Merger Agreement (FAST Acquisition Corp. II)

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Persons Entitled to Indemnity. Any Person who is within the definition of “Indemnified Person” at the time of any action or inaction in connection with the activities business of the Partnership shall Company will be entitled to the benefits of this Article 13 11 as an “Indemnified Person” with respect thereto, regardless of whether such Person continues to be within the definition of “Indemnified Person” at the time of such Indemnified Person’s claim for indemnification or exculpation hereunder. The right to indemnification and the advancement of expenses conferred in this Article 13 shall 11 will not be exclusive of any other right which any Person may have or hereafter acquire acquires under any statute, agreement, by law, vote of the General Partner Manager or otherwise. If this Article 13 11 or any portion hereof shall will be invalidated on any ground by any court of competent jurisdiction, then the Partnership shall Company will nevertheless indemnify and hold harmless each Indemnified Person pursuant to this Article 13 11 to the fullest extent permitted by any applicable portion of this Article 13 11 that shall will not have been invalidated and to the fullest extent permitted by applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TELUS International (Cda) Inc.)

Persons Entitled to Indemnity. Any Person who is within the definition of “Indemnified Person” at the time of any action or inaction in connection with that gives rise to the activities benefits of the Partnership this Article 13 shall be entitled to the benefits of this Article 13 as an “Indemnified Person” with respect thereto, regardless of whether such Person continues to be within the definition of “Indemnified Person” at the time of such Indemnified Person’s claim for indemnification or exculpation hereunder. The right to indemnification and the advancement of expenses conferred in this Article 13 shall not be exclusive of any other right which any Person may have or hereafter acquire under any statute, agreement, by law, vote of the General Partner Board of Managers or otherwise. If this Article 13 or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Partnership Company shall nevertheless indemnify and hold harmless each Indemnified Person pursuant to this Article 13 to the fullest extent permitted by any applicable portion of this Article 13 that shall not have been invalidated and to the fullest extent permitted by applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (National Commerce Corp)

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