Common use of Indemnitee Clause in Contracts

Indemnitee. The Letter of Credit shall provide that Indemnitee may from time to time draw certain amounts thereunder, upon written certification by Indemnitee to the issuer of the Letter of Credit that (i) Indemnitee has made written request upon the Corporation for an amount not less than the amount Indemnitee is drawing under the Letter of Credit and that the Corporation has failed or refused to provide Indemnitee with such amount in full within thirty (30) days after receipt of the request, and (ii) Indemnitee believes that he or she is entitled under the terms of this Agreement to the amount that Indemnitee is drawing upon under the Letter of Credit. The issuance of the Letter of Credit shall not in any way diminish the Corporation's obligation to indemnify Indemnitee against Expenses and Liabilities to the full extent required by this Agreement.

Appears in 6 contracts

Samples: Indemnification Agreement (Alliance Fiber Optic Products Inc), Indemnification Agreement (Magma Design Automation Inc), Indemnification Agreement (Logicvision Inc)

AutoNDA by SimpleDocs

Indemnitee. The Letter of Credit shall provide that Indemnitee may from time to time draw certain amounts thereunder, upon written certification by Indemnitee to the issuer of the Letter of Credit that (i) Indemnitee has made written request upon the Corporation for an amount not less than the amount Indemnitee is drawing under the Letter of Credit and that the Corporation has failed or refused to provide Indemnitee with such amount in full within thirty (30) days after receipt of the request, and (ii) Indemnitee believes that he or she is entitled under the terms of this Agreement to the amount that Indemnitee is drawing upon under the Letter of Credit. The issuance of the Letter of Credit shall not in any way diminish the Corporation's ’s obligation to indemnify Indemnitee against Expenses and Liabilities to the full extent required by this Agreement.

Appears in 2 contracts

Samples: Indemnification Agreement, Indemnification Agreement (Synnex Information Technologies Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.