Common use of Basic Indemnification Arrangement; Advancement of Expenses Clause in Contracts

Basic Indemnification Arrangement; Advancement of Expenses. (a) In the event that the Indemnitee was, is or becomes subject to, a party to or witness or other participant in, or is threatened to be made subject to, a party to or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify the Indemnitee, or cause such Indemnitee to be indemnified, to the fullest extent permitted by Bermuda law in effect on the date hereof and as amended from time to time and subject to the provisions of the Company’s Bye-Laws as amended from time to time; provided, however, that no change in Bermuda law or the interpretation thereof (whether by statute or judicial decision) shall have the effect of reducing the benefits available to the Indemnitee hereunder based on Bermuda law as in effect on the date hereof and to the extent that a change in Bermuda law or the interpretation thereof (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently hereunder based on Bermuda law as in effect on the date hereof, the Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. The rights of the Indemnitee provided in this Section 2 shall include, without limitation, the rights set forth in the other sections of this Agreement. Payments of Indemnifiable Expenses shall be made as soon as practicable but in any event no later than thirty (30) days after written demand is presented to the Company, against any and all Indemnifiable Expenses.

Basic Indemnification Arrangement; Advancement of Expenses. (a) In the event that the Indemnitee was, is or becomes subject to, a party to or witness or other participant in, or is threatened to be made subject to, a party to or witness or other participant in, a Claim that arises in connection with or is by reason (in whole or in part) of (or arising in part out of) an Indemnifiable EventEvent or the Indemnitee’s Company Status, the Company Company, on the terms and subject to the conditions of this Agreement, shall indemnify the Indemnitee, or cause such Indemnitee to be indemnified, to the fullest extent permitted by Bermuda Delaware law in effect on the date hereof and as amended from time to time time, and subject to shall hold the provisions Indemnitee harmless from and against all Losses that arise in connection with or are by reason (in whole or in part) of an Indemnifiable Event or the CompanyIndemnitee’s Bye-Laws as amended from time to timeCompany Status; provided, however, that no change in Bermuda Delaware law or the interpretation thereof (whether by statute or judicial decision) shall have the effect of reducing the benefits available to the Indemnitee hereunder based on Bermuda Delaware law as in effect on the date hereof and to the extent that or as such benefits may improve as a change in Bermuda law or the interpretation thereof (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently hereunder based on Bermuda law as in effect on result of amendments after the date hereof, the Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. The rights of the Indemnitee provided in this Section 2 shall include, without limitation, the rights set forth in the other sections of this Agreement. Payments of Indemnifiable Expenses shall be made as soon as practicable but in any event no later than thirty twenty (3020) calendar days after written demand is presented along with supporting documentation to the Company, against any and all Indemnifiable Expenses.

Basic Indemnification Arrangement; Advancement of Expenses. (a) In the event that the Indemnitee was, is or becomes subject to, a party to to, or a witness or other participant in, or is threatened to be made subject to, a party to to, or a witness or other participant in, a Claim by reason of (of, or arising in part out of) , relating to, or resulting from, in whole or part, an Indemnifiable Event, subject to Section 2(d), the Company shall indemnify the Indemnitee, or shall cause such Indemnitee to be indemnified, for all Indemnifiable Amounts incurred in connection with such Claim, to the fullest extent permitted by Bermuda applicable law in effect on the date hereof and as amended from time to time and subject to the provisions of the Company’s Bye-Laws as amended from time to timehereof; provided, however, that no change in Bermuda law or the interpretation thereof (whether by statute or judicial decision) shall have the effect of reducing the benefits available to the Indemnitee hereunder based on Bermuda law as in effect on the date hereof and that, to the extent that a any change in Bermuda applicable law or the interpretation thereof (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently hereunder based on Bermuda law as in effect on under this Agreement, it is the date hereof, intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. The rights ; provided, further, that no change in applicable law after the date hereof shall have the effect of reducing the benefits available to Indemnitee provided hereunder based on applicable law as in this Section 2 shall include, without limitation, effect on the rights set forth in date hereof or as such benefits may be expanded or otherwise improved as a result of any other changes to applicable law that become effective after the other sections of this Agreementdate hereof but prior to such change. Payments of Indemnifiable Expenses Amounts shall be made as soon as practicable following a determination pursuant to Section 2(d), but in any event no later than thirty (30) days after written demand for indemnification is presented delivered to the Company, against any unless (and all to the extent) a determination is made pursuant to Section 2(d) that Indemnitee is not entitled to indemnification hereunder for such Indemnifiable ExpensesAmounts.

Basic Indemnification Arrangement; Advancement of Expenses. (a) In the event that the Indemnitee was, is or becomes subject to, a party to to, or a witness or other participant in, or is threatened to be made subject to, a party to to, or a witness or other participant in, a Claim by reason of (of, or arising in part out of) , relating to, or resulting from, in whole or part, an Indemnifiable Event, subject to Section 2(d), the Company shall indemnify the Indemnitee, or shall cause such Indemnitee to be indemnified, for all Indemnifiable Amounts incurred in connection with such Claim, to the fullest extent permitted by Bermuda applicable law in effect on the date hereof and as amended from time to time and subject to the provisions of the Company’s Bye-Laws as amended from time to timehereof; provided, however, that no change in Bermuda law or the interpretation thereof (whether by statute or judicial decision) shall have the effect of reducing the benefits available to the Indemnitee hereunder based on Bermuda law as in effect on the date hereof and that, to the extent that a any change in Bermuda applicable law or the interpretation thereof (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently hereunder based on Bermuda law as in effect on under the date hereofthis Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. The rights ; provided, further, that no change in applicable law after the date hereof shall have the effect of reducing the benefits available to Indemnitee provided hereunder based on applicable law as in this Section 2 shall include, without limitation, effect on the rights set forth in date hereof or as such benefits may be expanded or otherwise improved as a result of any other changes to applicable law that become effective after the other sections of this Agreementdate hereof but prior to such change. Payments of Indemnifiable Expenses Amounts shall be made as soon as practicable following a determination pursuant to Section 2(d), but in any event no later than thirty (30) days after written demand for indemnification is presented delivered to the Company, against any unless (and all to the extent) a determination is made pursuant to Section 2(d) that Indemnitee is not entitled to indemnification hereunder for such Indemnifiable ExpensesAmounts.

Basic Indemnification Arrangement; Advancement of Expenses. (a) In the event that the Indemnitee was, is or becomes subject to, a party to or witness or other participant in, or is threatened to be made subject to, a party to or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify the Indemnitee, or cause such Indemnitee to be indemnified, to the fullest extent permitted by Bermuda law in effect on the date hereof and as amended from time to time and subject to the provisions of the Company’s Bye-Laws as amended from time to time; provided, however, that no change in Bermuda law or the interpretation thereof (whether by statute or judicial decision) or the Company’s Bye-laws shall have the effect of reducing the benefits available to the Indemnitee hereunder based on Bermuda law and the Company’s Bye-laws as in effect on the date hereof and to the extent that a change in Bermuda law or the interpretation thereof (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently hereunder based on Bermuda law as in effect on the date hereof, the Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. The rights of the Indemnitee provided in this Section 2 shall include, without limitation, the rights set forth in the other sections of this Agreement. Payments of Indemnifiable Expenses shall be made as soon as practicable but in any event no later than thirty (30) days after written demand is presented to the Company, against any and all Indemnifiable Expenses.