Examples of Indemnified Individuals in a sentence
Notwithstanding the foregoing, if at any time Hexcel does not maintain D&O Insurance for its then current directors, the D&O Insurance referred to in the preceding sentence for the Indemnified Individuals need only be maintained to the extent it is available on commercially reasonable terms.
The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such Indemnified Individuals may be entitled under the Company’s Certificate of Incorporation or By-laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.
The obligations to indemnify and hold harmless any party pursuant to Sections 7.01, 7.02, 4.07(e) and 4.10 and the Indemnified Individuals pursuant to Section 4.14 shall not terminate.
To the extent of any payment under this Article, MAST: (i) shall be subrogated to all the Indemnified Individual's rights of recovery from any other person or entity and, as a condition precedent to any indemnification under this Article VIII, such Indemnified Individual shall execute all reasonable documents and take all reasonable actions requested by MAST to implement MAST's right of subrogation, and (ii) hereby waives any right of subrogation against or contribution from an Indemnified Individual.
The provisions of this Section 5.11 shall survive the consummation of the transactions contemplated by this Agreement and expressly are intended to benefit, and are specifically enforceable by, each of the Indemnified Individuals.
For a period of six (6) years after the Closing, Parent shall not (and shall not cause or permit the Surviving Corporation or any of its Subsidiaries to) amend or modify such provisions in any way adverse to the Indemnified Individuals.
This covenant is intended to be for the benefit of, and shall be enforceable by, each of the Indemnified Individuals and their respective heirs and legal representatives.
Section 4.4(b) Indemnified Individuals ..........................................................................
The failure of such Indemnified Individual to give notice of any claim for indemnification promptly shall not adversely affect such Indemnified Individual's right to indemnity hereunder except to the extent that such failure adversely affects the right of the Company to assert any reasonable defense to such claim.
For a period of six (6) years after the Closing, Parent shall not (and shall not cause or permit the Surviving Company or any of its Subsidiaries to) amend or modify such provisions in any way adverse to the D&O Indemnified Individuals.