Common use of Mandatory Indemnification Clause in Contracts

Mandatory Indemnification. The Corporation shall indemnify Indemnitee to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a party, or in defense of any claim, issue or matter, because Indemnitee is or was a Director or Officer, against reasonable Expenses incurred by Indemnitee in connection with the Proceeding.

Appears in 7 contracts

Sources: Indemnification Agreement (Katapult Holdings, Inc.), Indemnification Agreement (Liquidia Corp), Indemnification Agreement (Liquidia Technologies Inc)

Mandatory Indemnification. The To the fullest extent permitted by law, the Corporation shall indemnify Indemnitee to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a party, or in defense of any claim, issue or matter, because Indemnitee is or was a Director or Officer, against reasonable all Expenses incurred by Indemnitee in connection with the Proceeding.

Appears in 5 contracts

Sources: Independent Director Agreement (Net 1 Ueps Technologies Inc), Independent Director Agreement (Net 1 Ueps Technologies Inc), Independent Director Agreement (Net 1 Ueps Technologies Inc)

Mandatory Indemnification. The Corporation shall indemnify Indemnitee to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee he was a partyParty, or in defense of any claim, issue or mattermatter therein, because Indemnitee he is or was a Director or Officer, against reasonable Expenses incurred by Indemnitee him in connection with the Proceeding.

Appears in 4 contracts

Sources: Indemnity Agreement (Friedmans Inc), Indemnity Agreement (Friedmans Inc), Indemnification Agreement (Riscorp Inc)

Mandatory Indemnification. The Corporation Company shall indemnify the Indemnitee to the extent that if he or she has been is successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a partyproceeding, or in the defense of any claim, issue issue, or mattermatter in the proceeding, to which he or she was a Party because Indemnitee he or she is or was a Director or Officeran Indemnitee, against reasonable Expenses expenses incurred by Indemnitee him or her in connection with the Proceedingproceeding or claim with respect to which he or she has been successful.

Appears in 1 contract

Sources: Settlement Agreement (Maxxon Inc)

Mandatory Indemnification. The Corporation Notwithstanding any other provision of this Agreement to the contrary, the Company shall indemnify Indemnitee to the extent that he or she if Indemnitee has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a partyParty, or in defense of any claim, issue or mattermatter therein, because Indemnitee is or was a Director or Officer, against reasonable Expenses incurred by Indemnitee in connection with the Proceeding.

Appears in 1 contract

Sources: Indemnity Agreement (Renal Care Group Inc)

Mandatory Indemnification. The Corporation shall indemnify Indemnitee to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a party, or in defense of any claim, issue or matter, because Indemnitee is or was a Director or and/or Officer, against reasonable Expenses incurred by Indemnitee in connection with the Proceeding.

Appears in 1 contract

Sources: Indemnification & Liability (Act II Global Acquisition Corp.)

Mandatory Indemnification. The Corporation shall indemnify Indemnitee to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a party, or in defense of any claim, issue or matter, because Indemnitee is or was a Director or OfficerDirector, Officer and/or Key Employee, against reasonable Expenses incurred by Indemnitee in connection with the Proceeding.

Appears in 1 contract

Sources: Indemnification Agreement (Kadmon Holdings, LLC)

Mandatory Indemnification. The Corporation Company shall indemnify Indemnitee to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee he was a partyParty, or in defense of any claim, issue or mattermatter therein, because Indemnitee he is or was a Director or Officer, against reasonable Expenses incurred by Indemnitee him in connection with the Proceeding.

Appears in 1 contract

Sources: Indemnification Agreement (Cti Molecular Imaging Inc)

Mandatory Indemnification. The Corporation shall indemnify Indemnitee to the extent that he or she has been wholly successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a party, or in defense of any claim, issue or matter, because Indemnitee is or was a Director or Officer, against reasonable Expenses incurred by Indemnitee I▇▇▇▇▇▇▇▇▇ in connection with the Proceeding.

Appears in 1 contract

Sources: Indemnification Agreement (Lesaka Technologies Inc)

Mandatory Indemnification. The Corporation shall indemnify Indemnitee ------------------------- to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee he was a partyParty, or in defense of any claim, issue or mattermatter therein, because Indemnitee he is or was a Director or Officer, against reasonable Expenses incurred by Indemnitee him in connection with the Proceeding.

Appears in 1 contract

Sources: Indemnification Agreement (Ameripath Inc)

Mandatory Indemnification. The Corporation Company shall indemnify Indemnitee to the extent that he or she has been successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a party, or in defense of any claim, issue or matter, because Indemnitee is or was a Director or Officer, against reasonable Expenses incurred by Indemnitee in connection with the Proceeding. 3.

Appears in 1 contract

Sources: Indemnification Agreement (MiX Telematics LTD)