Examples of Indemnitee Company in a sentence
If such Tax deduction or credit is subsequently disallowed or lost, upon written notice from the Indemnitee Company shall promptly repay all amounts paid to it pursuant to this Section 4.02(j) in respect of such disallowed or lost deduction or credit.
This Letter of Indemnification shall remain in effect in favour and for the benefit of each Indemnitee with respect to any action or failure to act of such Indemnitee during the term of service of such Indemnitee as a Director of the relevant Indemnitee Company, whether or not the term of service of such Indemnitee has concluded.
If such Tax deduction or credit is subsequently disallowed or lost, upon written notice from the Indemnitee Company shall promptly repay all amounts paid to it pursuant to this Section 4.02 in respect of such disallowed or lost deduction or credit.
For purposes of this Deed, the Indemnitee, Company and Xxxxxx Ltd.
In addition, without the written consent of Indemnitee, Company will not be entitled to assume the defense of any claim brought by or in the right of Company.
Entry of the Confirmation Order shall constitute the Court’s order approving the assumptions, assumptions and assignments, or rejections, as applicable, of Executory Contracts or Unexpired Leases as set forth in the Plan or in the Schedule of Rejected Executory Contracts and Unexpired Leases and the Schedule of Assumed Executory Contracts and Unexpired Leases, pursuant to sections 365(a) and 1123 of the Bankruptcy Code.
If Company is required to pay the costs of any Claim brought against Indemnitee, Company shall have the right to assume the defense of such Claim, with counsel approved by Indemnitee, upon delivery of written notice of Company’s election to assume the defense.
If requested by Indemnitee, Company shall reimburse Personal Insurance to the extent that there are overlapping obligations of Company and Personal Insurance to Indemnitee, and Personal Insurance has paid Indemnitee first.
Notwithstanding anything herein to the contrary, in the event that the insurance companies providing Company with D&O coverage have acknowledged coverage with respect to any Claim and are paying the Expenses for Indemnitee, Company shall not be required to advise the Suppliers in writing that Company will be primarily liable for payment of the Expenses of Indemnitee.
The indemnification obligation of Seller or HSOA set forth above in this Section 7(c) applies regardless of whether any Loss arises out of inadvertence, accident, oversight, or neglect on the part of any Buyer Indemnitee, Company Indemnitee, or any other party, including any omission to inquire into, contest, or litigate the right of any applicant to receive payment, credit, transfer, registration, conversion, exchange, or delivery regarding the original or replacement certificate.