Examples of Indemnitee Representative in a sentence
Within thirty (30) days of receipt by the Stockholders’ Representative of any Claim Notice, the Stockholders’ Representative shall deliver a Claim Response to the Indemnitee Representative and Escrow Agent, such delivery to be in accordance with the notice provisions of this Escrow Agreement.
The Indemnification Rights of each Indemnitee shall not be exclusive of any other right that any Indemnitee, Representative or other person may have or hereafter acquire under any statute, the Corporation's Certificate of Incorporation, these By-Laws, any employment or other agreement, any vote of stockholders or disinterested directors, or otherwise.
Subject to Section 8.9, promptly upon obtaining knowledge thereof, the Indemnitee Representative shall notify the Indemnitor Representative of any cause which the Indemnitee Representative has determined has given or could give rise to indemnification under this Article 8 (an “ Indemnification Notice”).
If the Indemnitor Representative and the Indemnitee Representative fail to resolve the dispute within such 20-day time period, the Indemnitee Representative is free to pursue all rights and remedies available to it, subject only to this Agreement.
The Indemnification Rights of each Indemnitee shall not be exclusive of any other right that any Indemnitee, Representative or other person may have or hereafter acquire under any statute, the Corporation's Certificate of Incorporation, these By-Laws, any employment or other agreement, a ny vote of stockholders or disinterested directors, or otherwise.
Subject to Sections 8.10(b), 8.10(c) and 8.10(d), any payment on account of Damages due from an Indemnifying Party to an Indemnified Person under this Article 8 shall be made in accordance with the terms and conditions of the Escrow Agreement or otherwise in accordance with this Agreement within ten (10) Business Days after the Indemnified Person becomes entitled to indemnification by wire transfer of immediately available funds to an account designated by the Indemnitee Representative.
If the Indemnitor Representative disputes the validity or amount of the Direct Claim, the Indemnitor Representative shall provide written notice of the dispute to the Indemnitee Representative within the 30-day period specified in Section 8.7(a).
An Indemnitee Representative may enforce an indemnity in favour of any of that Indemnitee Representative’s indemnified Persons on behalf of each such Person.
From the time the Indemnified Person is notified of the Third Party Claim, the Indemnified Person and the Indemnitee Representative shall use commercially reasonable efforts to protect their rights and the rights of the Indemnifying Party in respect of such Third Party Claim.
The Indemnitor Representative shall, at the sole cost and expense of the Indemnifying Party, cooperate fully with the Indemnitee Representative and use its commercially reasonable efforts to make available to the Indemnitee Representative all relevant information in its possession or under its control and take such other steps as are, in the reasonable opinion of counsel for the Indemnitee Representative, necessary to enable the Indemnitee Representative to conduct the defence.