Common use of Presumption Clause in Contracts

Presumption. For purposes of this Agreement, the termination of any Action by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that the Director has not met any particular standard of conduct required for payment under this Agreement.

Appears in 9 contracts

Sources: Indemnification Agreement (Primus Therapeutics Inc.), Indemnification Agreement (New Mountain Lake Acquisition CO), Indemnification Agreement (Metrocorp Inc)