Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New York, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 104 contracts
Samples: Indemnification Agreement (Charlton Aria Acquisition Corp), Indemnification Agreement (ScanTech AI Systems Inc.), Indemnification Agreement (Horizon Space Acquisition II Corp.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkDelaware, or in any other court of competent jurisdiction, of his Indemnitee’s entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 10 contracts
Samples: Indemnification Agreement (Accretion Acquisition Corp.), Indemnification Agreement (Alpine Acquisition Corp.), Indemnification Agreement (Springwater Special Situations Corp.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) 30 days after receipt by the Company Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company Corporation of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkDelaware, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company Corporation shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 8 contracts
Samples: Indemnification Agreement (Chicken Soup for the Soul Entertainment, Inc.), Indemnification Agreement (PAVmed Inc.), Indemnification Agreement (Long Island Iced Tea Corp.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkCayman Islands, or in any other court of competent jurisdiction, of his Indemnitee’s entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 6 contracts
Samples: Indemnification Agreement (Cayson Acquisition Corp), Indemnification Agreement (Calisa Acquisition Corp), Indemnification Agreement (Cayson Acquisition Corp)
Remedies of Indemnitee. 11.1 (a) In the event that (i) a determination is made pursuant to Section 9 7(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 6 of this Agreement, (iii) the no determination of entitlement to indemnification is to be shall have been made by Independent Counsel pursuant to Section 9.2 7(b) of this Agreement and such determination shall not have been made and delivered within the time period provided in a written opinion within sixty (60Section 8(b) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 4, Section 5, the last sentence of Section 7(b), or the last sentence of Section 1(b) of this Agreement within thirty (30) 10 days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 2 or Section 3 of this Agreement is not made within thirty (30) 10 days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreementindemnification, Indemnitee shall be entitled to an adjudication in an appropriate court by the Delaware Court of the State of New York, or in any other court of competent jurisdiction, Chancery of his entitlement to such indemnification or advancement of ExpensesExpenses and appeals therefrom, judgments, penalties, fines or, when eligible hereunder, amounts paid concluding in settlementa final and unappealable judgment by the Delaware Supreme Court. The Board of Directors shall not make a determination as to the final disposition of such adjudication. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 5 contracts
Samples: Separation and Mutual Release Agreement (Toreador Resources Corp), Indemnity Agreement (Toreador Resources Corp), Indemnity Agreement (Toreador Resources Corp)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkDelaware, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 3 contracts
Samples: Indemnification Agreement (PAVmed Inc.), Indemnification Agreement (Lucid Diagnostics Inc.), Indemnification Agreement (Nuvve Holding Corp.)
Remedies of Indemnitee. 11.1 (a) In the event that (i) a determination is made pursuant to Section 9 8(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 7 of this Agreement, (iii) the no determination of entitlement to indemnification is to be shall have been made by Independent Counsel pursuant to Section 9.2 8(b) of this Agreement and such determination shall not have been made and delivered within the time period provided in a written opinion within sixty (60Section 9(b) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 5, Section 6, the last sentence of Section 8(b), or the last sentence of Section 2(d) of this Agreement within thirty (30) 10 days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or Section 4 of this Agreement is not made within thirty (30) 10 days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreementindemnification, Indemnitee shall be entitled to an adjudication in an appropriate court by the Delaware Court of the State of New York, or in any other court of competent jurisdiction, Chancery of his entitlement to such indemnification or advancement of ExpensesExpenses and appeals therefrom, judgments, penalties, fines or, when eligible hereunder, amounts paid concluding in settlementa final and unappealable judgment by the Delaware Supreme Court. The Board of Directors shall not make a determination as to the final disposition of such adjudication. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 3 contracts
Samples: Indemnity Agreement (Stroud Energy Inc), Indemnity Agreement (Bionova Holding Corp), Indemnity Agreement (Approach Resources Inc)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or Section 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New York, or in any other court of competent jurisdiction, of his Indemnitee’s entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 3 contracts
Samples: Indemnification Agreement (Adit EdTech Acquisition Corp.), Indemnification Agreement (Adit EdTech Acquisition Corp.), Indemnification Agreement (Adit EdTech Acquisition Corp.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) 30 days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court the Grand Court of the State of New YorkCayman Islands, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 3 contracts
Samples: Indemnification Agreement (Tecnoglass Inc.), Indemnification Agreement (Plastec Technologies, Ltd.), Indemnification Agreement (Asia Entertainment & Resources Ltd.)
Remedies of Indemnitee. 11.1 (a) In the event that (i) a determination is made pursuant to Section 9 8(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 7 of this Agreement, (iii) the no determination of entitlement to indemnification is to be shall have been made by Independent Counsel pursuant to Section 9.2 8(b) of this Agreement and such determination shall not have been made and delivered within the time period provided in a written opinion within sixty (60Section 9(b) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 5, Section 6, the last sentence of Section 8(b), or the last sentence of Section 2(d) of this Agreement within thirty (30) 10 days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or Section 4 of this Agreement is not made within thirty (30) 10 days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreementindemnification, Indemnitee shall be entitled to an adjudication in an appropriate court by the Delaware Court of the State of New York, or in any other court of competent jurisdiction, Chancery of his entitlement to such indemnification or advancement of ExpensesExpenses and appeals therefrom, judgments, penalties, fines or, when eligible hereunder, amounts paid concluding in settlementa final and unappealable judgment by the Delaware Supreme Court. The Board of Directors shall not make a determination as to the final disposition of such adjudication. The Company shall not oppose Indemnitee’s 's right to seek any such adjudication.
Appears in 2 contracts
Samples: Indemnity Agreement (Stroud Energy Inc), Indemnity Agreement (Brigham Exploration Co)
Remedies of Indemnitee. 11.1 (a) In the event that (i) a determination is made pursuant to Section 9 8(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 7 of this Agreement, (iii) the no determination of entitlement to indemnification is to be shall have been made by Independent Counsel pursuant to Section 9.2 8(b) of this Agreement and such determination shall not have been made and delivered within the time period provided in a written opinion within sixty (60Section 9(b) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 5, Section 6, the last sentence of Section 8(b), or the last sentence of Section 2(d) of this Agreement within thirty (30) 20 days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or Section 4 of this Agreement is not made within thirty (30) 20 days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreementindemnification, Indemnitee shall be entitled to an adjudication in an appropriate court by the Delaware Court of the State of New York, or in any other court of competent jurisdiction, Chancery of his entitlement to such indemnification or advancement of ExpensesExpenses and appeals therefrom, judgments, penalties, fines or, when eligible hereunder, amounts paid concluding in settlementa final and unappealable judgment by the Delaware Supreme Court. The Board of Directors shall not make a determination as to the final disposition of such adjudication. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 2 contracts
Samples: Indemnity Agreement (Bonanza Creek Energy, Inc.), Form of Indemnity Agreement (Bonanza Creek Energy, Inc.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New York, or in any other court of competent jurisdiction, of his or her entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 2 contracts
Samples: Indemnity Agreement (Archimedes Tech SPAC Partners II Co.), Indemnity Agreement (Drugs Made in America Acquisition Corp.)
Remedies of Indemnitee. 11.1 a. In the event that (i) a determination is made pursuant to Section 9 10 of this Agreement that Indemnitee is not entitled to indemnification or advancement of expenses under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 Sections 6 or 7 of this Agreement, (iii) the no determination of entitlement to indemnification is to be shall have been made by Independent Counsel pursuant to within the time period provided in Section 9.2 10 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the written request for indemnification, (iv) reimbursement or payment of indemnification is not made pursuant to Section 7 of this Agreement Agreement, within thirty (30) 60 days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or Section 4 of this Agreement is not timely made within thirty (30) days after a determination has been made made, or deemed to have been made, that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreementindemnification, Indemnitee shall be entitled to an adjudication in an appropriate court of by the Nevada State of New York, District Court or in any other a court of competent jurisdiction, jurisdiction of his or her entitlement to such indemnification or advancement of ExpensesExpenses and appeals therefrom, judgments, penalties, fines or, when eligible hereunder, amounts paid concluding in settlementa final and unappealable judgment by the highest court in Nevada. The Company Board shall not oppose Indemnitee’s right make a determination as to seek any the final disposition of such adjudication.
Appears in 2 contracts
Samples: Form of Director Indemnification Agreement (AAC Holdings, Inc.), Form of Director Indemnification Agreement (AAC Holdings, Inc.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New York, or in any other court of competent jurisdiction, of his Indemnitee’s entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 2 contracts
Samples: Indemnification Agreement (Northern Genesis Acquisition Corp. III), Form of Indemnification Agreement (Northern Genesis Acquisition Corp. III)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) 30 days after receipt by the Company Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company Corporation of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkDelaware, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company Corporation shall not oppose Indemnitee’s right to seek any such adjudication.. Client Initial _____________ Advisor Initial ____________ Everest Group International LLC Advisory Services Agreement
Appears in 1 contract
Samples: Agreement for Advisory Services (Clark Holdings Inc.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or Section 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New York, or in any other court of competent jurisdiction, of his Indemnitee’s entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 1 contract
Samples: Indemnification Agreement (GRIID Infrastructure Inc.)
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) 60 days after receipt by the Company Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty ten (3010) days after receipt by the Company Corporation of a written request therefor, or (v) payment of indemnification is not made within thirty ten (3010) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New York, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company Corporation shall not oppose Indemnitee’s 's right to seek any such adjudication.
Appears in 1 contract
Samples: Vital Living Inc
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) 30 days after receipt by the Company Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company Corporation of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkFlorida, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company Corporation shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 1 contract
Samples: Indemnification Agreement (Red Mountain Resources, Inc.)
Remedies of Indemnitee. 11.1 (a) In the event that (i) a determination is made pursuant to Section 9 8(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 7 of this Agreement, (iii) the no determination of entitlement to indemnification is to be shall have been made by Independent Counsel pursuant to Section 9.2 8(b) of this Agreement and such determination shall not have been made and delivered within the time period provided in a written opinion within sixty (60Section 9(b) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 5, Section 6, the last sentence of Section 8(b), or the last sentence of Section 2(d) of this Agreement within thirty (30) 20 days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or Section 4 of this Agreement is not made within thirty (30) 20 days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreementindemnification, Indemnitee shall be entitled to an adjudication in an appropriate court by the Delaware Court of the State Chancery of New York, or in any other court of competent jurisdiction, of his her entitlement to such indemnification or advancement of ExpensesExpenses and appeals therefrom, judgments, penalties, fines or, when eligible hereunder, amounts paid concluding in settlementa final and unappealable judgment by the Delaware Supreme Court. The Board of Directors shall not make a determination as to the final disposition of such adjudication. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 1 contract
Remedies of Indemnitee. 11.1 (a) In the event that (i) a determination is made pursuant to Section 9 8(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 7 of this Agreement, (iii) the no determination of entitlement to indemnification is to be shall have been made by Independent Counsel pursuant to Section 9.2 8(b) of this Agreement and such determination shall not have been made and delivered within the time period provided in a written opinion within sixty (60Section 9(b) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 5, Section 6, the last sentence of Section 8(b), or the last sentence of Section 2(d) of this Agreement within thirty (30) 20 days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or Section 4 of this Agreement is not made within thirty (30) 20 days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreementindemnification, Indemnitee shall be entitled to an adjudication in an appropriate court by the Delaware Court of the State of New York, or in any other court of competent jurisdiction, Chancery of his or her entitlement to such indemnification or advancement of ExpensesExpenses and appeals therefrom, judgments, penalties, fines or, when eligible hereunder, amounts paid concluding in settlementa final and unappealable judgment by the Delaware Supreme Court. The Board of Directors shall not make a determination as to the final disposition of such adjudication. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 1 contract
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) 30 days after receipt by the Company Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company Corporation of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkNevada, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company Corporation shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 1 contract
Samples: Indemnification Agreement (Cross Border Resources, Inc.)
Remedies of Indemnitee. 11.1 11.1. In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkCayman Islands, or in any other court of competent jurisdiction, of his Indemnitee’s entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.
Appears in 1 contract
Remedies of Indemnitee. 11.1 In the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered in a written opinion within sixty (60) 60 days after receipt by the Company Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty ten (3010) days after receipt by the Company Corporation of a written request therefor, or (v) payment of indemnification is not made within thirty ten (3010) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of New YorkFlorida, or in any other court of competent jurisdiction, of his or her entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid in settlement. The Company Corporation shall not oppose Indemnitee’s 's right to seek any such adjudication.
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