Indemnification of Certain Expenses Clause Samples
The Indemnification of Certain Expenses clause requires one party to reimburse or cover specific costs incurred by another party, typically in connection with legal proceedings or claims arising from the agreement. In practice, this clause often applies to expenses such as attorney fees, court costs, or other out-of-pocket expenditures that result from defending against lawsuits or regulatory actions. Its core function is to protect the indemnified party from financial loss due to actions related to the contract, thereby allocating risk and ensuring that parties are not unfairly burdened by costs arising from circumstances covered by the agreement.
Indemnification of Certain Expenses. The Company shall indemnify Indemnitee against all expenses incurred in connection with any hearing or proceeding under this Section 7 unless the Company prevails in such hearing or proceeding on the merits in all material respects.
Indemnification of Certain Expenses. Indemnitee shall be entitled to be paid for all expenses (including attorneys’ fees) in connection with any hearing or proceeding under this Section 7 to enforce its rights to indemnification hereunder, and the Company shall indemnify Indemnitee against all expenses incurred in connection with any such hearing or proceeding under this Section 7 unless the Company prevails in such hearing or proceeding on the merits in all material respects. In addition, in connection with any hearing or proceeding under this Section 7 to enforce its rights to indemnification hereunder, Indemnitee shall be entitled to receive advances of expenses pursuant to Section 6 unless and until such defense may be finally adjudicated by court order or judgment from which no further right of appeal exists.
Indemnification of Certain Expenses. The Company shall indemnify Advisor against all expenses incurred in connection with any hearing or proceeding under this Section unless the Company prevails in such hearing or proceeding on the merits in all material respects.
Indemnification of Certain Expenses. The Corporation shall indemnify the Indemnitee against all expenses incurred in connection with any hearing or proceeding under this Section 6 if the Indemnitee prevails in such hearing or proceeding.
Indemnification of Certain Expenses. The Company shall indemnify Director against all expenses incurred in connection with any hearing or proceeding under this Section 7 unless the Company prevails in such hearing or proceeding on the merits in all material respects.
Indemnification of Certain Expenses. The Company will be precluded from asserting in any judicial proceeding commenced pursuant to this Section 8 that the procedures and presumptions of this Agreement are not valid, binding, and enforceable, and will stipulate in any such court that the Company is bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against all expenses incurred in connection with any hearing or proceeding under this Section 8 unless the Company prevails in such hearing or proceeding on the merits in all material respects.