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

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by applicable law and the Articles and the Articles, if the indemnification, hold harmless and/or exoneration 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, holding harmless or exonerating 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 12 contracts

Samples: Indemnity Agreement (Genesis Park Acquisition Corp.), Indemnity Agreement (Genesis Park Acquisition Corp.), Indemnity Agreement (Genesis Park Acquisition Corp.)

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CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) 9.1 To the fullest extent permitted by permissible under applicable law and the Articles and the Articles, if the indemnification, hold harmless and/or exoneration 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, holding harmless or exonerating 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 9 contracts

Samples: Indemnity Agreement (RMG Acquisition Corp. II), Indemnity Agreement (RMG Acquisition Corp. II), Indemnity Agreement (RMG Acquisition Corp. II)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) 8.1. To the fullest extent permitted by permissible under applicable law and the Articles and the Articles, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to the Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating the Indemnitee, shall pay, in the first instance, the entire amount incurred by the 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 the Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against the Indemnitee.

Appears in 5 contracts

Samples: Indemnity Agreement (Lazard Healthcare Acquisition Corp. I), Indemnity Agreement (Lazard Fintech Acquisition Corp. I), Indemnity Agreement (Lazard Growth Acquisition Corp. I)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by permissible under applicable law and the Articles and the Articleslaw, if the indemnification, indemnification and hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in part for any reason whatsoeversuch Proceeding), the Company, in lieu of indemnifying, indemnifying and holding harmless or exonerating 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 5 contracts

Samples: Employment Agreement (Standard Microsystems Corp), Employment Agreement (Standard Microsystems Corp), Employment Agreement (Standard Microsystems Corp)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by permissible under applicable law and the Articles and and/or the Articles, if the indemnification, hold harmless and/or exoneration 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, holding harmless or exonerating 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 3 contracts

Samples: Indemnity Agreement (ION Acquisition Corp 3 Ltd.), Indemnity Agreement (ION Acquisition Corp 2 Ltd.), Indemnity Agreement (ION Acquisition Corp 1 Ltd.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) 8.1. To the fullest extent permitted by applicable law and the Articles and the Articles, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to the Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating the Indemnitee, shall pay, in the first instance, the entire amount incurred by the 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 the Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against the Indemnitee.

Appears in 1 contract

Samples: Indemnity Agreement (Israel Amplify Program Corp.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by permissible under applicable law and the Articles and the Articleslaw, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu US-DOCS\127251117.4 of indemnifying, holding harmless or exonerating 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: Indemnity Agreement (VMG Consumer Acquisition Corp.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) 8.1 To the fullest extent permitted by permissible under applicable law and the Articles and the ArticlesBye-laws, if the indemnification, hold harmless and/or exoneration 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, holding harmless or exonerating 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: Indemnity Agreement (ST Energy Transition I Ltd.)

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CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by permissible under applicable law and the Articles and the Articleslaw, if the indemnification, hold harmless harmless, and/or exoneration 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, holding harmless or harmless, and/or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid 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 (Enviva Inc.)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by permissible under applicable law and the Articles and the Articleslaw, if the indemnification, indemnification and hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or any Proceeding in part for any reason whatsoeverwhich the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company, in lieu of indemnifying, indemnifying and holding harmless or exonerating 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: Indemnity Agreement (Conexant Systems Inc)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by permissible under applicable law and the Amended and Restated Memorandum and Articles and the Articlesof Association, if the indemnification, hold harmless and/or exoneration 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, holding harmless or exonerating 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: Form of Indemnity Agreement (Ares Acquisition Corp II)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To the fullest extent permitted by permissible under applicable law and the Amended and Restated Memorandum and Articles and of Association of the ArticlesCompany, if the indemnification, hold harmless and/or exoneration 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, holding harmless or exonerating 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: Form of Indemnity Agreement (Mericsson Acquisition Corp)

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. (a) To Subject to the limitations set forth in limitation in Sections 3, 4, or 5, to the fullest extent permitted by under applicable law and the Articles and the Articleslaw, if the indemnification, hold harmless and/or exoneration 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, holding harmless or exonerating 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: Indemnity Agreement (Helix Acquisition Corp)

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