Secondary Indemnitors definition

Secondary Indemnitors has the meaning set forth in Section 2.5.

Secondary Indemnitors has the meaning assigned to such term in Section 4.16.

Secondary Indemnitors shall have the meaning set forth in Section 2.9(e).

Examples of Secondary Indemnitors in a sentence

• The Company agrees that, as between the Company and the Secondary Indemnitors, the Company is primarily responsible for amounts required to be indemnified or advanced under the Company’s certificate of incorporation or bylaws or this Agreement and any obligation of the Secondary Indemnitors to provide indemnification or advancement for the same amounts is secondary to those Company obligations.

• The Secondary Indemnitors are express third-party beneficiaries of the terms of this Section 15.

• To the extent not in contravention of any insurance policy or policies providing liability or other insurance for the Company or any director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise, the Company waives any right of contribution or subrogation against the Secondary Indemnitors with respect to the liabilities for which the Company is primarily responsible under this Section 15.

• The Company acknowledges that to the extent Indemnitee is serving as a director on the Company’s board of directors at the request or direction of a venture capital fund or other entity and/or certain of its affiliates (collectively, the “Secondary Indemnitors”), Indemnitee may have certain rights to indemnification and advancement of expenses provided by such Secondary Indemnitors.

• No advancement or payment by any Secondary Indemnitor on behalf of any such Indemnitee with respect to any claim for which such Indemnitee has sought indemnification from the Corporation shall affect the foregoing and the Secondary Indemnitors shall be subrogated to the extent of such advancement or payment to all of the rights of recovery of such Indemnitee against the Corporation.

More Definitions of Secondary Indemnitors

Secondary Indemnitors has the meaning ascribed to it in Section 3.3(g).

Secondary Indemnitors means other entities and/or organizations through which the Indemnitee has or may have in the future certain rights to indemnification, advancement of expenses and/or insurance.

Secondary Indemnitors has the meaning set forth in Section 6.7(c).

Secondary Indemnitors is defined in Section 6.8.10.

Secondary Indemnitors shall have the meaning given that term in Section 12.3(b).

Secondary Indemnitors is defined in Section 13 of this Agreement.

Secondary Indemnitors has the meaning set forth in Section 9.3(b).