Common use of Termination of Proceeding Clause in Contracts

Termination of Proceeding. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person is liable pursuant to Code 129-101 or did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, or that, with respect to any criminal action or proceeding, he or she had reasonable cause to believe that the conduct was unlawful.

Termination of Proceeding. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person is liable pursuant to Code 129-101 NRS 78.138 or did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, or that, with respect to any criminal action or proceeding, he or she had reasonable cause to believe that the conduct was unlawful.

Termination of Proceeding. The termination of any Proceeding proceeding or action or suit by or in the right of the Corporation to procure a judgment in its favor by judgment, order, settlement, conviction conviction, or upon a plea of nolo contendere or its equivalent, shall not, not of itself, itself create a presumption that the eligible person is liable pursuant to Code 129-101 or did not act in good faith and in meet any standard of conduct that is or may be a manner which he or she reasonably believed to be in or not opposed prerequisite to the best interests limitation or elimination of the corporation, liability provided in Article VII(B) or that, with respect to any criminal action or proceeding, he or she had reasonable cause such person’s entitlement to believe that the conduct was unlawfulindemnification under Article VII(C).