Common use of Basic Indemnity Clause in Contracts

Basic Indemnity. The Corporation hereby indemnifies Indemnitee, whether or not he is then an officer, to the fullest extent permitted by the provisions of Section 2-418 of the MGCL or any amendment thereof or by any other statute permitting such indemnification that is adopted after the date hereof.

Basic Indemnity. The Corporation hereby indemnifies Indemnitee, whether or not he is then an officerin office, to the fullest extent permitted by the provisions of Section 2-418 of the MGCL or any amendment thereof or by any other statute permitting such indemnification that is adopted after the date hereof.