PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION. (a) Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification, hold harmless or exoneration rights, or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement, or otherwise, unless, and to the extent that, such failure actually and materially prejudices the interests of the Company.
Appears in 9 contracts
Samples: Indemnity Agreement (Helix Acquisition Corp), Indemnity Agreement (Elliott Opportunity II Corp.), Indemnity Agreement (Elliott Opportunity II Corp.)
PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION. (a) Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding Proceeding, claim, issue or matter therein which may be subject to indemnification, indemnification or hold harmless or exoneration rights, or advancement of Expenses covered hereunder. The failure or delay of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement, or otherwise, unless, and except to the extent that, that such failure actually and or delay materially prejudices the interests of the Company.
Appears in 7 contracts
Samples: Form of Indemnity Agreement (Tuatara Capital Acquisition Corp), Indemnity Agreement (Tuatara Capital Acquisition Corp), Indemnity Agreement (Tuatara Capital Acquisition Corp)
PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION. (a) 11.1 Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification, hold harmless or exoneration rights, or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement, or otherwise, unless, and otherwise except to the extent that, that the Company is prejudiced by such failure actually and materially prejudices the interests of the Companyfailure.
Appears in 2 contracts
Samples: Form of Indemnity Agreement (Hunter Maritime Acquisition Corp.), Form of Indemnity Agreement (Hunter Maritime Acquisition Corp.)
PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION. (a) Indemnitee agrees to shall promptly notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding Proceeding, claim, issue or matter which therein that may be subject to indemnification, hold harmless or exoneration rights, or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which that it may have to Indemnitee under this Agreement, or otherwise, unless, and except to the extent that, that the Company shall have been materially prejudiced by such failure actually and materially prejudices the interests of the Companyto notify.
Appears in 1 contract
