Common use of Indemnification for Losses Clause in Contracts

Indemnification for Losses. To the fullest extent permitted by applicable law and in a manner permitted by such law, if Indemnitee is or was or becomes, a party to or is otherwise involved in any Proceeding, or is or was threatened to be made a party to or a participant in any such Proceeding, by reason of the Indemnitee’s Corporate Status, or by reason of (or arising in part out of) any actual or alleged event or occurrence related to the Indemnitee’s Corporate Status, or by reason of any actual or alleged act or omission on the part of Indemnitee taken or omitted in or relating to the Indemnitee’s Corporate Status, then the Company shall indemnify Indemnitee against any and all Losses actually and reasonably incurred by the Indemnitee or on the Indemnitee’s behalf in connection with such a Proceeding or any claim, issue, or matter therein.