Grey Wolf definition
Examples of Grey Wolf in a sentence
Unless Indemnitee has theretofore selected counsel pursuant to Section 4 and such counsel has been approved by Grey Wolf, any Approved Law Firm shall be deemed to satisfy the requirements set forth above.
To the extent that a change in the TBCA (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Articles or Bylaws of Grey Wolf and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.
Grey Wolf agrees to pay the reasonable fees of the special, independent counsel referred to above and to fully indemnify such counsel against any and all expenses (including attorneys' fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.
To the extent Grey Wolf maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of Grey Wolf.
Such counsel, among other things, shall render its written opinion to Grey Wolf, the Board of Directors and Indemnitee as to whether and to what extent the Indemnitee would be permitted to be indemnified under applicable law.
This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an officer or director of Grey Wolf or of any other enterprise at Grey Wolf's request.
Any determination by the Reviewing Party otherwise shall be conclusive and binding on Grey Wolf and Indemnitee.
If Indemnitee is entitled under any provision of this Agreement to indemnification by Grey Wolf for some or a portion of the Expenses, judgments, fines, penalties and amounts paid in settlement of a Claim but not, however, for all of the total amount thereof, Grey Wolf shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.
This Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of Grey Wolf), assigns spouses, heirs, and personal and legal representatives.
The parties recognize that if any provision of this Agreement is violated by Grey Wolf, Indemnitee may be without an adequate remedy at law.