Common use of Vesting of Rights Clause in Contracts

Vesting of Rights. The rights granted or created hereby shall be vested in each person entitled to indemnification hereunder as a bargained-for, contractual condition of such person’s serving or having served as in an Indemnifiable Capacity and while this Section 4.4 may be amended or repealed, no such amendment or repeal shall release, terminate or adversely affect the rights of such person under this Section 4.4 with respect to any act taken or the failure to take any act by such person prior to such amendment or repeal or with respect to any action, suit or proceeding with respect to such act or failure to act filed before or after such amendment or repeal.

Vesting of Rights. The rights granted or created hereby shall be vested in each person entitled to indemnification hereunder as a bargained-for, for contractual condition of such person’s 's serving or having served as in an Indemnifiable Capacity and and, while this Section 4.4 Article V may be amended or repealed, no such amendment or repeal shall release, terminate or adversely affect the rights of such person under this Section 4.4 Article V with respect to any act taken or the failure to take any act by such person prior to such amendment or repeal or with respect to any action, suit or proceeding with respect to such act or failure to act filed before or after such amendment or repeal.