Common use of Sources of Recovery Clause in Contracts

Sources of Recovery. The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

Appears in 2 contracts

Sources: Indemnification Agreement (Getty Images Holdings, Inc.), Director and Officer Indemnification Agreement (Leafly Holdings, Inc. /DE)