Indemnification Arrangements definition
Examples of Indemnification Arrangements in a sentence
The Existing Indemnification Arrangements shall remain binding and enforceable as between the parties in accordance with their terms.
Centerline agrees that all rights of the Directors and Officers to exculpation, advancement of expenses and indemnification under the Indemnification Arrangements shall survive the Transaction Closing Date and shall continue in full force and effect in accordance with their terms and that such rights shall not be amended or otherwise modified in any manner that would adversely affect the rights of the Directors and Officers.
After the Separation Date, the Executive’s right to indemnification and advancement of fees from the Company will continue in accordance with the Indemnification Arrangements with respect to all current matters and will be applicable with respect to any and all continuing and/or future investigations or matters that may arise on or after the Effective Date that concern the Executive’s activities while an employee or director of the Company.
To the extent that any such indefeasible actual payment from the Existing Indemnification Arrangements only partly indemnifies any such Director for any such liability, loss, damage, claim, settlement, cost or Expense, Ocwen Financial shall still indemnify such Director for any such liability, loss, damage, claim, settlement, cost or Expense as to which such Director has not actually and indefeasibly received payment from the Existing Indemnification Arrangements.
No Organizational Document or Indemnification Arrangement of any Transferred Subsidiary has been amended, modified, terminated or otherwise revised in any respect, no new Organizational Documents have been adopted and no new Indemnification Arrangements have been entered into, in all cases since January 1, 2021.