Common use of Continuation of Indemnity Clause in Contracts

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 60 contracts

Sources: Indemnification Agreement (Walker & Dunlop, Inc.), Indemnification Agreement (Walker & Dunlop, Inc.), Indemnification Agreement (Walker & Dunlop, Inc.)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor Indemnitors contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors Trustees of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor Indemnitors and its their respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company and the Operating Partnership shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the CompanyCompany or the Operating Partnership, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company and the Operating Partnership would be required to perform if no such succession had taken place.

Appears in 32 contracts

Sources: Indemnification Agreement (CubeSmart, L.P.), Indemnification Agreement (Kite Realty Group, L.P.), Indemnification Agreement (U-Store-It Trust)

Continuation of Indemnity. (Aa) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (Bb) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 22 contracts

Sources: Indemnification Agreement (Sky Harbour Group Corp), Indemnification Agreement (Freehold Properties, Inc.), Indemnification Agreement (Farmland Partners Inc.)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor Indemnitors contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors Trustees of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s 's Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s 's term of Corporate Status. This Agreement shall be binding upon the Indemnitor Indemnitors and its their respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s 's heirs, executors and administrators. (B) The Company and the Operating Partnership shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the CompanyCompany or the Operating Partnership, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company and the Operating Partnership would be required to perform if no such succession had taken place.

Appears in 17 contracts

Sources: Indemnification Agreement (Kite Realty Group, L.P.), Indemnification Agreement (Kite Realty Group, L.P.), Indemnification Agreement (Kite Realty Group, L.P.)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors Trustees of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 14 contracts

Sources: Indemnification Agreement (American Homes 4 Rent, L.P.), Indemnification Agreement (Net Lease Office Properties), Indemnification Agreement (American Homes 4 Rent)

Continuation of Indemnity. (Aa) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (Bb) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.. ​

Appears in 5 contracts

Sources: Indemnification Agreement (Farmland Partners Inc.), Indemnification Agreement (Farmland Partners Inc.), Indemnification Agreement (Farmland Partners Inc.)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor Company contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors Trustees of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s 's Corporate Status and during the period of statute of limitations for any act act, omission or omission event occurring during the Indemnitee’s 's term of Corporate Status or prior to the date of the commencement of such Indemnitee’s Corporate Status. This Agreement shall be binding upon the Indemnitor Company and its their respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s 's heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 4 contracts

Sources: Indemnification Agreement (American Community Properties Trust), Indemnification Agreement (American Community Properties Trust), Indemnification Agreement (American Community Properties Trust)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.. ​

Appears in 2 contracts

Sources: Indemnification Agreement (Walker & Dunlop, Inc.), Indemnification Agreement (Walker & Dunlop, Inc.)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor Indemnitors contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors Trustees of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s 's Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s 's term of Corporate Status. This Agreement shall be binding upon the Indemnitor Indemnitors and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s 's heirs, executors and administrators. (B) The Company and the Operating Partnership shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the CompanyCompany or the Operating Partnership, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company and the Operating Partnership would be required to perform if no such succession had taken place.

Appears in 2 contracts

Sources: Indemnification Agreement (Colonial Realty Limited Partnership), Indemnification Agreement (Colonial Realty Limited Partnership)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial partall, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 2 contracts

Sources: Indemnification Agreement (Ashford Inc), Indemnification Agreement (Ashford Inc)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company or other Indemnified Officer and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring before, during and/or after the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and permitted assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 1 contract

Sources: Indemnification Agreement (Porto Holdco B.V.)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s 's Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s 's term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s 's heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all all, or a substantial part, part of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 1 contract

Sources: Indemnification Agreement (Ashford Inc.)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor Company contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors Trustees of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor Company and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 1 contract

Sources: Indemnification Agreement (Washington Real Estate Investment Trust)

Continuation of Indemnity. (A) All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (B) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 1 contract

Sources: Indemnification Agreement (Chesapeake Lodging Trust)

Continuation of Indemnity. (Aa) All agreements and obligations of the Indemnitor Company contained herein shall continue during the period the Indemnitee is an officer a director, officer, employee or a member of the Board of Directors other agent of the Company and (or is or was serving at the request of the Company as a director, officer, employee or other agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise), shall continue thereafter so long as the Indemnitee may or shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period fact that Indemnitee was serving in the capacity referred to herein irrespective of statute the termination or resignation by Indemnitee of limitations for his or her position from the Company or any act of its subsidiaries or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns affiliated entities and shall inure to the benefit of the Indemnitee and such Indemnitee’s heirs, executors and administrators. (Bb) The Company shall require and cause any successor thereto (whether direct or indirect by purchase, merger, consolidation or otherwiseindirect) to all, substantially all or in connection with a substantial part, of the business and/or assets of the CompanyChange in Control, by written agreement in form and substance reasonably satisfactory to the Indemniteeagreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken placeChange in Control occurred.

Appears in 1 contract

Sources: Indemnification Agreement (Biomarin Pharmaceutical Inc)