Common use of Pursuant to Section 1701 Clause in Contracts

Pursuant to Section 1701. 13(E)(6) of the Ohio Revised Code (the "ORC"), without limiting any right which the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement or the Articles of Incorporation, the Regulations, the ORC, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company shall indemnify the Indemnitee against any amount which he is or becomes obligated to pay relating to or arising out of any claim made against him because of any act, failure to act, or neglect or breach of duty, including any actual or alleged error, misstatement, or misleading statement, which he commits, suffers, permits, or acquiesces in while acting in his capacity as a Director of the Company. The payments which the Company is obligated to make pursuant to this Section 3 shall include without limitation, judgments, fines, and amounts paid in settlement and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDED, HOWEVER, that the Company shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 3 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Indemnification Agreement (Cleveland Cliffs Inc), Indemnification Agreement (Cleveland Cliffs Inc)

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Pursuant to Section 1701. 13(E)(6) of the Ohio Revised Code (the "ORC"), without limiting any right which the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement or the Articles of Incorporation, the Regulations, the ORC, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company shall indemnify the Indemnitee against any amount which he is or becomes obligated to pay relating to or arising out of any claim made against him because of any act, failure to act, or neglect or breach of duty, including any actual or alleged error, misstatement, or misleading statement, which he commits, suffers, permits, or acquiesces in while acting in his capacity as a Director Officer of the Company. The payments which the Company is obligated to make pursuant to this Section 3 shall include without limitation, judgments, fines, and amounts paid in settlement and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 2 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

Pursuant to Section 1701. 13(E)(613(E) (6) of the Ohio Revised Code (the "ORC"), without limiting any right which the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement or the Articles of Incorporation, as amended, of the Company (the Articles), the Regulations, the ORC, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company shall indemnify the Indemnitee against any amount which he is or becomes obligated to pay relating to or arising out of any claim made against him because of any act, failure to act, act or neglect or breach of duty, including any actual or alleged error, misstatement, misstatement or misleading statement, which he commits, suffers, permits, permits or acquiesces in while acting in his capacity as a Director or an officer of the Company. The payments which the Company is obligated to make pursuant to this Section 3 shall include include, without limitation, judgments, fines, fines and amounts paid in settlement and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 2 contracts

Samples: Indemnification Agreement (Gorman Rupp Co), Indemnification Agreement (Gorman Rupp Co)

Pursuant to Section 1701. 13(E)(6) of the Ohio Revised Code (the "ORC"), without limiting any right which the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement agreement or the Articles of Incorporation, the Regulations, the ORC, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company shall indemnify the Indemnitee against any amount which he is or becomes obligated to pay relating to or arising out of any claim made against him because of any act, failure to act, or neglect or breach of duty, including any actual or alleged error, misstatement, or misleading statement, which he commits, suffers, permits, or acquiesces in while acting in his capacity as a Director of the Company. The payments which the Company is obligated to make pursuant to this Section 3 shall include without limitation, judgments, fines, and amounts paid in settlement and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 2 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

Pursuant to Section 1701. 13(E)(6) of the Ohio Revised Code (the "β€œORC"”), without limiting any right which the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement or the Articles of Incorporation, the Regulations, the ORC, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company shall indemnify the Indemnitee against any amount which he is or becomes obligated to pay relating to or arising out of any claim made against him because of any act, failure to act, or neglect or breach of duty, including any actual or alleged error, misstatement, or misleading statement, which he commits, suffers, permits, or acquiesces in while acting in his capacity as a Director of the Company. The payments which the Company is obligated to make pursuant to this Section 3 shall include without limitation, judgments, fines, and amounts paid in settlement and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 2 contracts

Samples: Trust Agreement (Cliffs Natural Resources Inc.), Indemnification Agreement (Cliffs Natural Resources Inc.)

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Pursuant to Section 1701. 13(E)(6) of the Ohio Revised Code (the "ORC"), without limiting any right which the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement or the Articles of IncorporationArticles, the Regulations, the ORC, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company shall indemnify the Indemnitee against any amount which he is or becomes obligated to pay relating to or arising out of any claim made against him because of any act, failure to act, or neglect or breach of duty, including any actual or alleged error, misstatement, or misleading statement, which he commits, suffers, permits, or acquiesces in while acting in his capacity as a Director of the Company. The payments which the Company is obligated to make pursuant to this Section 3 shall include without limitation, judgments, fines, and amounts paid in settlement and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDED, HOWEVER, that the Company shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 1 contract

Samples: Indemnification Agreement (Parker Hannifin Corp)

Pursuant to Section 1701. 13(E)(6) of the Ohio Revised Code (the "ORC"), without limiting any right which the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement or the Articles of Incorporation, as amended, of the Company (the "Articles"), the Regulations, the ORC, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company shall indemnify the Indemnitee against any amount which he is or becomes obligated to pay relating to or arising out of any claim made against him because of any act, failure to act, act or neglect or breach of duty, including any actual or alleged error, misstatement, misstatement or misleading statement, which he commits, suffers, permits, permits or acquiesces in while acting in his capacity as a Director or an officer of the Company. The payments which the Company is obligated to make pursuant to this Section 3 shall include include, without limitation, judgments, fines, fines and amounts paid in settlement and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDED, HOWEVER, that the Company shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 1 contract

Samples: Indemnification Agreement (Gorman Rupp Co)

Pursuant to Section 1701. 13(E)(6) of the Ohio Revised Code (the "ORC")Code, without limiting any right which that the Indemnitee may have pursuant to Section 2 hereof or any other provision of this Agreement or the Articles of IncorporationArticles, the Regulations, the ORCOhio Revised Code, any policy of insurance, or otherwise, but subject to any limitation on the maximum permissible indemnity which that may exist under applicable law at the time of any request for indemnity hereunder and subject to the following provisions of this Section 3, the Company Corporation shall indemnify the Indemnitee against any amount which he that the Indemnitee is or becomes obligated to pay relating to or arising out of any claim made against him the Indemnitee because of any act, failure to act, or neglect or breach of duty, including any actual or alleged error, misstatement, or misleading statement, which he that the Indemnitee commits, suffers, permits, or acquiesces in while acting in his the Indemnitee's capacity as a Director Director, officer, employee or agent of the CompanyCorporation. The payments which that the Company Corporation is obligated to make pursuant to this Section 3 shall include include, without limitation, judgments, fines, any and amounts paid in settlement all Other Payments and any and all Expenses actually and reasonably incurred by the Indemnitee in connection therewith including any appeal of or from any judgment or decision; PROVIDED, HOWEVER, that the Company Corporation shall not be obligated under this Section 3 to make any payment in connection with any claim against the Indemnitee:

Appears in 1 contract

Samples: Indemnification Agreement (Conley Canitano & Associates Inc)

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