Common use of Exception to Right of Indemnification or Advancement of Expenses Clause in Contracts

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 118 contracts

Sources: Indemnification Agreement (Thunderstone Acquisition Corp), Indemnification Agreement (Starry Sea Acquisition Corp), Indemnification Agreement (Harvard Ave Acquistion Corp)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him Indemnitee against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 26 contracts

Sources: Indemnification Agreement (Indigo Acquisition Corp.), Indemnification Agreement (Crown Reserve Acquisition Corp. I), Indemnification Agreement (Indigo Acquisition Corp.)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Section 11.511.5 of this Agreement, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 7 contracts

Sources: Indemnification Agreement (Drugs Made in America Acquisition II Corp.), Indemnity Agreement (Lakeshore Acquisition III Corp.), Indemnification Agreement (Lakeshore Acquisition III Corp.)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 3 contracts

Sources: Indemnification Agreement (PAVmed Inc.), Indemnification Agreement (Lucid Diagnostics Inc.), Indemnification Agreement (Nuvve Holding Corp.)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him Indemnitee against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities of the Company in violation of a manner that gives rise to liability under Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 2 contracts

Sources: Indemnification Agreement (Accretion Acquisition Corp.), Indemnification Agreement (Accretion Acquisition Corp.)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Section 11.511.5 and under Article 44 of the Articles, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement Expenses under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company any similar successor statute.

Appears in 1 contract

Sources: Indemnification Agreement (Tecnoglass Inc.)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Notwithstanding any other provision of this Agreement, but subject to Section 11.510, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement (i) with respect to any ProceedingProceeding brought by Indemnitee, or any claim therein, arising unless the bringing of such Proceeding or making of such claim shall have been approved by the Board of Directors or (ii) with respect to any proceeding in which final judgment is rendered against Indemnitee for an accounting of profits made from the purchase and sale or sale and purchase by Indemnitee of securities in violation of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act or Company similar successor statuteof 1934, as amended.

Appears in 1 contract

Sources: Indemnification Agreement (Dgse Companies Inc)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 Except as provided in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement Expenses under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him Indemnitee against the Company. 17.2 Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 1 contract

Sources: Indemnification Agreement (GRIID Infrastructure Inc.)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 17.1. Except as provided in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him Indemnitee against the Company. 17.2 17.2. Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 1 contract

Sources: Indemnification Agreement (RF Acquisition Corp II)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 17.1. Except as provided in Section 11.511.5 hereof, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him Indemnitee against the Company. 17.2 17.2. Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section § 16(b) of the Exchange Act or Company similar successor statute.

Appears in 1 contract

Sources: Indemnification Agreement (Classover Holdings, Inc.)

Exception to Right of Indemnification or Advancement of Expenses. 17.1 17.1. Except as provided in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company. 17.2 17.2. Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor statute.

Appears in 1 contract

Sources: Indemnification Agreement (ChampionsGate Acquisition Corp)