Common use of Right to Seek Judicial Determination Clause in Contracts

Right to Seek Judicial Determination. Notwithstanding any other provision of this Agreement to the contrary, at any time sixty (60) days after a request for indemnification has been made to the Company (or upon earlier receipt of written notice that a request for indemnification has been rejected) and before the third (3rd) anniversary of the making of such indemnification request, the Indemnitee may petition a court of competent jurisdiction, regarding whether the court has jurisdiction over or is the forum in which the Proceeding is pending, to determine whether the Indemnitee is entitled to indemnification hereunder, and such court shall have the exclusive authority to make such determination, unless and until the Indemnitee’s action is dismissed or otherwise terminated before such determination is made. The court, as petitioned, shall make an independent determination of whether the Indemnitee is entitled to indemnification hereunder, without regard to any prior determination in any other forum.

Appears in 19 contracts

Samples: Form of Indemnification Agreement (CNL Strategic Capital, LLC), Indemnification Agreement (CNL Healthcare Properties, Inc.), Form of Indemnification Agreement (CNL Healthcare Properties II, Inc.)

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Right to Seek Judicial Determination. Notwithstanding any other provision of this Agreement to the contrary, at any time after sixty (60) days after a request for indemnification has been made to the Company (or upon earlier receipt of written notice that a request for indemnification has been rejected) and before the third within one (3rd1) anniversary of year after the making of such indemnification request, the Indemnitee may petition a court of competent jurisdiction, regarding whether or not the court has jurisdiction over over, or is the forum in which the Proceeding is pending, the Proceeding, to determine whether the Indemnitee is entitled to indemnification hereunder, and such court thereupon shall have the exclusive authority to make such determination, unless and until the Indemnitee’s action is dismissed such court dismisses or otherwise terminated before terminates Indemnitee's action without having made such determination is madedetermination. The court, as petitioned, shall make an independent determination of whether the Indemnitee is entitled to indemnification hereunder, without regard to any prior determination in any other forumforum as provided hereby.

Appears in 1 contract

Samples: Indemnification Agreement (Capital Growth Systems Inc /Fl/)

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