Common use of Defense of the Underlying Proceeding Clause in Contracts

Defense of the Underlying Proceeding. 12.1 Indemnitee must notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that may result in the right to indemnification or the advance of Expenses hereunder. However, the failure to give any such notice will not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is actually so prejudiced.

Appears in 3 contracts

Samples: Indemnification Agreement (Aames Investment Corp), Indemnification Agreement (Aames Investment Corp), Indemnification Agreement (Aames Investment Corp)

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Defense of the Underlying Proceeding. 12.1 (a) Indemnitee must notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that may result in the right to indemnification or the advance of Expenses hereunder. However, the failure to give any such notice will not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is actually so prejudiced.

Appears in 3 contracts

Samples: Indemnification Agreement (Novation Companies, Inc.), Indemnification Agreement (Novation Companies, Inc.), Indemnification Agreement (Novastar Financial Inc)

Defense of the Underlying Proceeding. 12.1 (a) Indemnitee must shall notify the Company Employers promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that which may result in the right to indemnification or the advance of Expenses hereunder. However; provided, however, that the failure to give any such notice will shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the CompanyEmployers’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company Employers is thereby actually so prejudiced.

Appears in 3 contracts

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

Defense of the Underlying Proceeding. 12.1 (a) Indemnitee must shall notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that which may result in the right to indemnification or the advance advancement of Expenses hereunder. However; provided, however, that the failure to give any such notice will shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance advancement of Expenses under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (Entertainment Properties Trust), Form of Indemnification Agreement (Tenby Pharma Inc)

Defense of the Underlying Proceeding. 12.1 (a) Indemnitee must shall notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that may result in the right to indemnification or the advance of Expenses hereunder. However; provided, however, that the failure to give any such notice will shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

Appears in 1 contract

Samples: Indemnification Agreement (ECC Capital CORP)

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Defense of the Underlying Proceeding. 12.1 (a) Indemnitee must shall notify the Company Employers promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that which may result in the right to indemnification or the advance of Expenses hereunder. However; provided, however, that the failure to give any such notice will shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the CompanyEmployer’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company Employers is thereby actually so prejudiced.

Appears in 1 contract

Samples: Indemnification Agreement (Reis, Inc.)

Defense of the Underlying Proceeding. 12.1 (a) Indemnitee must shall notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that which may result in the right to indemnification or the advance of Expenses hereunder. Howeverhereunder; provided, however, that the failure to give any such notice will shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Wheeler Real Estate Investment Trust, Inc.)

Defense of the Underlying Proceeding. 12.1 (a) Indemnitee must shall notify the Company each Indemnitor promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding that which may result in the right to indemnification or the advance of Expenses hereunder. However; provided, however, that the failure to give any such notice will shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s Indemnitors’ ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is Indemnitors are thereby actually so prejudiced.

Appears in 1 contract

Samples: Indemnification Agreement (Aviv Reit, Inc.)

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