Examples of indemnified representative in a sentence
If an Indemnified Representative is entitled to indemnification in respect of a portion, but not all, of any Liabilities to which such Indemnified Representative may be subject, the Company shall indemnify such Indemnified Representative to the maximum extent legally permissible for such Liabilities.
The indemnification, contribution and advancement of expenses provided by, or granted pursuant to, this ARTICLE VI shall continue as to a Person who has ceased to be an Indemnified Representative in respect of matters arising prior to such time, and shall inure to the benefit of the heirs and personal representatives of such a Person.
The party or parties challenging the right of an Indemnified Representative to the benefits of this Article VIII shall have the burden of proof.
An Indemnified Representative shall be entitled to indemnification within 30 days after a written request for indemnification has been delivered to the Secretary of the Corporation.
Any award entered by the arbitrators shall be final, binding and nonappealable and judgment may be entered thereon by any party in accordance with applicable law in a court of competent jurisdiction, except that the Corporation shall be entitled to interpose as a defense in any such judicial enforcement Proceeding any prior final judicial determination adverse to the Indemnified Representative under Section 12.1(a)(2) in a Proceeding not directly involving indemnification under this Article XII.