Plea of Nolo Contendere. The termination of any such action, suit or proceeding which is covered by this Agreement by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not of itself create a presumption for the purposes of this agreement that INDEMNITEE did not act in good faith and in a manner, which he reasonably believed to be in or not opposed to the best interests of the COMPANY or any of its Affiliates and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.
Appears in 2 contracts
Sources: Indemnification Agreement (Florida Coastline Community Group Inc), Indemnification Agreement (Coastal BHC Inc)