Common use of Primary Responsibility Clause in Contracts

Primary Responsibility. The Company acknowledges that to the extent Indemnitee is serving as a director on the Company’s board of directors at the request or direction of a venture capital fund or other entity and/or certain of its affiliates (collectively, the “Secondary Indemnitors”), Indemnitee may have certain rights to indemnification and advancement of expenses provided by such Secondary Indemnitors. The Company agrees that, as between the Company and the Secondary Indemnitors, the Company is primarily responsible for amounts required to be indemnified or advanced under the Company’s certificate of incorporation or bylaws or this Agreement and any obligation of the Secondary Indemnitors to provide indemnification or advancement for the same amounts is secondary to those Company

Appears in 3 contracts

Samples: Indemnification Agreement (Lexeo Therapeutics, Inc.), Indemnification Agreement (Vor Biopharma Inc.), Indemnification Agreement (Taysha Gene Therapies, Inc.)

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Primary Responsibility. The Company acknowledges that to the extent Indemnitee is serving as a director on the Company’s 's board of directors at the request or direction of a private equity or venture capital fund or other entity and/or certain of its affiliates (collectively, the "Secondary Indemnitors"), Indemnitee may have certain rights to indemnification and advancement of expenses provided by such Secondary Indemnitors. The Company agrees that, as between the Company and the Secondary Indemnitors, the Company is primarily responsible for amounts required to be indemnified or advanced under the Company’s 's certificate of incorporation or bylaws or this Agreement and any obligation of the Secondary Indemnitors to provide indemnification or advancement for the same amounts is secondary to those Companyis

Appears in 1 contract

Samples: Indemnification Agreement (EBR Systems, Inc.)

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