Common use of Initial Notice Clause in Contracts

Initial Notice. Promptly after receipt by Indemnitee of notice of the commencement of or the threat of commencement of any Proceeding, Indemnitee shall, if indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement thereof. Indemnitee shall include therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall promptly advise the Board in writing that Indemnitee has requested indemnification.

Appears in 11 contracts

Samples: Indemnification Agreement (Z Axis Corp), Indemnification Agreement (Union Street Acquisition Corp.), Indemnification Agreement (Sound Surgical Technologies Inc.)

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Initial Notice. Promptly after receipt by Indemnitee of notice of the commencement of commencement, or the threat of commencement commencement, of any Proceeding, Indemnitee shall, if indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement thereof. Indemnitee shall include therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether whether, and to what extent extent, Indemnitee is entitled to indemnification. The Secretary of the Company shall promptly advise the Board in writing that Indemnitee has requested indemnification.

Appears in 1 contract

Samples: Indemnification Agreement (Captec Net Lease Realty Inc)

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