Examples of Indemnified Stockholder in a sentence
Each indemnity and reimbursement of costs and expenses shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Stockholder.
The foregoing indemnity agreement is in addition to any liability that the Company may otherwise have to any Indemnified Stockholder.
To the extent an Indemnified Stockholder is paid an amount on account of an Indemnifiable matter in excess of the limitation set forth above, such Indemnified Stockholder will promptly remit such excess amount to Parent.
Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Stockholder or other indemnified Person.
Neither the Indemnified Parent Group nor the Indemnified Stockholder Group shall be precluded by the terms of this Agreement from pursuing any claim against the other arising out of the Merger Agreement or documents referred to therein (subject to the limitations contained therein), including claims relating to indemnification of the Escrow Agent under this Agreement.
In the event that within ten days after notice of any such third-party claim, AAI has not notified the Indemnified Stockholder Parties of its intention to defend the third-party claim, the Indemnified Stockholder Parties will (upon further notice to AAI) have the right to undertake the defense, compromise or settlement of such claim; provided that the Indemnified Stockholder Parties shall not settle any such third-party claim without the consent of AAI, which will not be unreasonably withheld.
The Company shall not be liable for any settlement of any such action effected without the written consent of the Company, but if settled with the written consent of the Company, the Company agrees to indemnify and hold harmless any Indemnified Stockholder and any such controlling person from and against any amounts payable pursuant to such written consent in connection with such settlement.
For the avoidance of doubt, Parent shall not be obligated to indemnify any Indemnified Company Stockholder for costs of defense where Parent has decided not to contest the Indemnified Tax and has so advised the Indemnified Company Stock- holder, and agreed to pay the Indemnified Tax, in a writing given to the Indemnified Stockholder within the 15 business day period described above.
The Corporation shall not, without the prior written consent of such Indemnified Stockholder, effect any settlement of any pending or threatened proceeding in respect of which such Indemnified Stockholder is or could have been a party and indemnity could have been sought hereunder by such Indemnified Stockholder, unless such settlement includes an unconditional release of such Indemnified Stockholder from all liability on claims that are the subject matter of such proceeding.
The Indemnified Stockholder Parties may, by counsel, participate in such proceedings, negotiations or defense, at their expense.