Common use of Suits and Judgments Clause in Contracts

Suits and Judgments. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or a plea of nolo contendere or its equivalent shall not, by itself, create a presumption that an Indemnitee is not entitled to indemnification under this Agreement.

Appears in 18 contracts

Samples: Operating Agreement (Convergence, LLC), Operating Agreement (Convergence, LLC), Operating Agreement (Convergence, LLC)

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Suits and Judgments. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or a plea of nolo contendere or its equivalent shall not, not by itself, create a presumption that an Indemnitee is not entitled to indemnification under this Agreement.

Appears in 4 contracts

Samples: Limited Liability Operating Agreement (Convergence, LLC), Limited Liability Operating Agreement (Convergence, LLC), Limited Liability Operating Agreement (Convergence, LLC)

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