Common use of Claims Initiated by Xxxxxxxxxx Clause in Contracts

Claims Initiated by Xxxxxxxxxx. To indemnify or advance Expenses to Indemnitee with respect to Proceedings initiated or brought voluntarily by Xxxxxxxxxx and not by way of defense, except with respect to Proceedings brought to establish, enforce or interpret a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 145 of the Delaware General Corporation Law, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board of Directors finds it to be appropriate; provided, however, that the exclusion set forth in the first clause of this subsection shall not be deemed to apply to any investigation initiated or brought by Indemnitee to the extent reasonably necessary or advisable in support of Indemnitee’s defense of a Proceeding to which Indemnitee was, is or is threatened to be made, a party;

Appears in 6 contracts

Samples: Indemnification Agreement (BiomX Inc.), Indemnification Agreement (BiomX Inc.), Indemnification Agreement (BiomX Inc.)

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Claims Initiated by Xxxxxxxxxx. To indemnify or advance Expenses to Indemnitee with respect to Proceedings initiated or brought voluntarily by Xxxxxxxxxx and not by way of defense, except with respect to Proceedings brought to establish, enforce or interpret a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 145 of the Delaware General Corporation Law, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board of Directors finds it to be appropriate; provided, however, that the exclusion set forth in the first clause of this subsection shall not be deemed to apply to any investigation initiated or brought by Indemnitee to the extent reasonably necessary or advisable in support of Indemnitee’s 's defense of a Proceeding to which Indemnitee was, is or is threatened to be made, a party;

Appears in 1 contract

Samples: Indemnification Agreement (Sezzle Inc.)

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