Common use of Derivative Action Clause in Contracts

Derivative Action. The term "Derivative Action" shall mean a Proceeding brought by or in the right of the Company to procure a judgment in favor of the Company.

Appears in 2 contracts

Sources: Indemnification Agreement (Qualstar Corp), Indemnification Agreement (Intervisual Books Inc /Ca)

Derivative Action. The term "β€œDerivative Action" ” shall mean a Proceeding brought by or in the right of the Company to procure a judgment in favor of the Company.

Appears in 2 contracts

Sources: Merger Agreement (Pacer Technology), Merger Agreement (Pacer Technology)