Common use of CONTRIBUTION IN THE EVENT OF JOINT LIABILITY Clause in Contracts

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 30 contracts

Samples: Indemnification Agreement (Latham Group, Inc.), Indemnification Agreement (Greenlane Holdings, Inc.), Indemnification Agreement (Wayne Farms, Inc.)

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CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. (a) To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) permissible under applicable law, if the indemnification and/or hold harmless rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying or holding harmless Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 10 contracts

Samples: Indemnity Agreement (Pershing Square SPARC Holdings, Ltd./De), Indemnity Agreement (Pershing Square SPARC Holdings, Ltd./De), Indemnity Agreement (Pershing Square SPARC Holdings, Ltd./De)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against IndemniteeIndemnitee with respect thereto.

Appears in 3 contracts

Samples: Indemnification Agreement (Mistral Acquisition CO), Indemnification Agreement (Cazador Acquisition Corp Ltd.), Indemnification Agreement (China Growth Equity Investment LTD)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, as and when incurred, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 2 contracts

Samples: Indemnification Agreement (Savers Value Village, Inc.), Indemnification Agreement (HireRight Holdings Corp)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. (a) To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) permissible under applicable law, if the indemnification indemnification, and/or hold harmless rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying or holding harmless Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 2 contracts

Samples: Form of Indemnity Agreement (Energy Partners LTD), Indemnification Agreement (Rf Monolithics Inc /De/)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company and MacAndrews & Forbes hereby waives waive and relinquishes relinquish any right of contribution it may have at any time against Indemnitee.

Appears in 1 contract

Samples: Indemnification Agreement (MAFS Acquisition Corp.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To 0.0.Xx the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 1 contract

Samples: Indemnification Agreement (Latham Group, Inc.)

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CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.16.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 1 contract

Samples: Indemnification Agreement (Amc Entertainment Holdings, Inc.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company and Trian Management hereby waives waive and relinquishes relinquish any right of contribution it may have at any time against Indemnitee.

Appears in 1 contract

Samples: Indemnification Agreement (Trian Acquisition I Corp.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To 0.0.Xx the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the ​ ​ entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 1 contract

Samples: Indemnification Agreement (Teladoc Health, Inc.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if If the indemnification rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, in respect of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Appears in 1 contract

Samples: Indemnification Agreement (China HGS Real Estate Inc.)

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