Common use of Proceedings by or in the Right of the Corporation Clause in Contracts

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 4 contracts

Samples: Indemnification Agreement (Herley Industries Inc /New), Indemnification Agreement (Mikes Original Inc), Indemnification Agreement (Eacceleration Corp)

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Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled Entitled to the rights of indemnification provided in this Section 5, 4 if, by reason of (a) his Corporate Status, Status or (b) anything done or not done by Indemnitee in any such capacity he was or is, or is threatened to be made, a party to any threatenedany, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this SectionSection 4, Indemnitee shall be indemnified against all Losses and Expenses actually and reasonably incurred by him or on his behalf in connection with the defense or settlement of such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Losses or Expenses shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; , provided, however, that indemnification against all Losses and Expenses shall nevertheless shall by be made by the Corporation in such event to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding proceeding shall have been brought or is pending, shall determine.

Appears in 2 contracts

Samples: Indemnification Agreement (Rohn Industries Inc), Indemnification Agreement (Rohn Industries Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, 2(b) if, by reason of his or her Corporate Status, he or she is, or is threatened to be made, a party to or participant in any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this SectionSection 2(b), Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if he or she acted in good faith and in a manner he or she reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing; provided, however, that, if applicable law so requires, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event unless and to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determinedetermine that such indemnification may be made.

Appears in 2 contracts

Samples: Indemnification Agreement (Genesis Group Holdings Inc), Indemnification Agreement (Genesis Group Holdings Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with any such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in any such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that that, if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if, and only to the extent that that, the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 2 contracts

Samples: Indemnification Agreement (Barnes Group Inc), Indemnification Agreement (Barnes Group Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware New York or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event to the extent that the Court of Chancery courts of the State of DelawareNew York, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 2 contracts

Samples: Indemnification Agreement (Big Dog Entertainment Inc), Indemnification Agreement (Etravnet Com Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, 4 but subject to the provisions of this Agreement if, by reason of his Corporate Status, he is, or is threatened to be made, a party to or a participant in any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this SectionSection but subject to the provisions of this Agreement, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing; provided, however, that, if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event unless and to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determinedetermine that such indemnification may be made.

Appears in 1 contract

Samples: Form of Indemnification Agreement (American Management Systems Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that if permitted by applicable law indemnification against Expenses nevertheless shall by be made by the Corporation in such event to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determinedetermine despite the adjudication of liability.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Griffon Corp)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, 4 if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor, including, without limitation, any such Proceeding in existence on the Effective Date. Pursuant to this Section, Indemnitee Xxxxxxxxxx shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in a respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that that, if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if and only to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 1 contract

Samples: Indemnification Agreement (LKQ Corp)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he or she is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with any such Proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in any such proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event to the extent that the Court of Chancery of the State of Delaware, or unless the court in which such Proceeding shall have been brought or is pending, shall determinedetermine that indemnification against Expenses may nevertheless be made by the Corporation.

Appears in 1 contract

Samples: Indemnification Agreement (Ladenburg Thalmann Financial Services Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 1 contract

Samples: Indemnification Agreement (Herley Industries Inc /New)

Proceedings by or in the Right of the Corporation. Indemnitee ------------------------------------------------- shall be entitled to the rights of indemnification provided in this Section 5, 4 if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that that, if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if and only to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 1 contract

Samples: Indemnification Agreement (Ampex Corp /De/)

Proceedings by or in the Right of the Corporation. Indemnitee -------------------------------------------------- shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with any such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in any such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that if applicable law so -------- ------- permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if, and only to the extent that that, the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall so determine.

Appears in 1 contract

Samples: Indemnification Agreement (Northrop Grumman Corp /De/)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses Expenses, judgments, penalties, fines and amounts paid in settlement, actually and reasonably incurred by him or on his behalf in connection with any such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in any such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event to the extent that unless the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determinedetermine that indemnification against Expenses may nevertheless be made by the Corporation.

Appears in 1 contract

Samples: Indemnification Agreement (Progenics Pharmaceuticals Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending pending, or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him his or on his behalf in connection with any such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in any such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by unless the laws Chancery Court of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determinedetermine that indemnification against Expenses may nevertheless be made by the Corporation.

Appears in 1 contract

Samples: Indemnification Agreement (Careflow Net Inc)

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Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, 2(b) if, by reason of his or her Corporate Status, he or she is, or is threatened to be made, a party to or participant in any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this SectionSection 2(b), Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if he or she acted in good faith and in a manner he or she reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing; provided, however, that, if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event unless and to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determinedetermine that such indemnification may be made.

Appears in 1 contract

Samples: Indemnification Agreement (Apache Design Solutions Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, 4 if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor, including, without limitation, any such Proceeding in existence on the Effective Date. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in a respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that that, if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if and only to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 1 contract

Samples: Form of Indemnification Agreement (LKQ Corp)

Proceedings by or in the Right of the Corporation. Indemnitee The Consultant shall be entitled to the rights of indemnification provided in this Section 5, 4 if, by reason of his Corporate Statusproviding consulting services to the corporation, he the Consultant is, or is threatened to be made, a party to or is otherwise involved in any threatened, pending or completed Proceeding brought by or in the right of the Corporation corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee The Consultant shall be indemnified against Expenses Expenses, judgments, penalties, fines and amounts paid in settlement, actually and reasonably incurred by him such or on his behalf of the Consultant in connection with such Proceeding or any claim, issue or matter therein, if he the Consultant acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the CorporationGood Faith. Notwithstanding the foregoing, no such indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee the Consultant shall have been adjudged to be liable to the Corporation corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that that, if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation corporation in such event if and only to the extent that the Court of Chancery of which is considering the State of Delaware, or the court in which such Proceeding matter shall have been brought or is pending, shall so determine.

Appears in 1 contract

Samples: Consulting Agreement (Omega Orthodontics Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be ------------------------------------------------- entitled to the rights of indemnification provided set forth in this Section 5, 2 if, by reason of his his/her Corporate Status, he he/she is, or is threatened to be madebe, made a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him him/her or on his his/her behalf in connection with such Proceeding if he he/she acted in good faith and in a manner he he/she reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if and only to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 1 contract

Samples: Indemnification Agreement (MFN Financial Corp)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, 2(b) if, by reason of his Corporate Status, he is, or is threatened to be made, a party to or participant or witness in any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this SectionSection 2(b), Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing; provided, however, that, if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been finally adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses nevertheless shall by made by the Corporation in such event unless and to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, Delaware shall determine, upon application that, despite the adjudication of liability but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such Expenses which the Delaware Court of Chancery or such other court shall deem proper.

Appears in 1 contract

Samples: Indemnification Agreement (Royal Gold Inc)

Proceedings by or in the Right of the Corporation. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, 4 if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation if such indemnification is not permitted by the laws of the State of Delaware or other applicable law; provided, however, that indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determinedeem proper.

Appears in 1 contract

Samples: Indemnification Agreement (Immucell Corp /De/)

Proceedings by or in the Right of the Corporation. Except as limited by Section 3 above, Indemnitee shall be entitled to the rights of indemnification provided in this Section 5, if, by reason of his Corporate Status, he is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this Section, Indemnitee Xxxxxxxxxx shall be indemnified against Expenses actually and reasonably incurred by him or on his behalf in connection with any such Proceeding if he acted in good faith and in a manner he reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in any such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if, and only to the extent that that, the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall so determine.

Appears in 1 contract

Samples: Indemnification Agreement (Huntington Ingalls Industries, Inc.)

Proceedings by or in the Right of the Corporation. Indemnitee shall be ------------------------------------------------- entitled to the rights of indemnification provided set forth in this Section 5, 2 if, by reason of his his/her Corporate Status, he he/she is, or is threatened to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure a judgment in its favor. Pursuant to this SectionSection 4, Indemnitee shall be indemnified against Expenses actually and reasonably incurred by him him/her or on his his/her behalf in connection with such Proceeding if he he/she acted in good faith and in a manner he he/she reasonably believed to be in, in or not opposed to, to the best interests of the Corporation. Notwithstanding the foregoing, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation if applicable law prohibits such indemnification is not permitted by the laws of the State of Delaware or other applicable lawindemnification; provided, however, that if applicable law so permits, indemnification against Expenses shall nevertheless shall by be made by the Corporation in such event if and only to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine.

Appears in 1 contract

Samples: Indemnification Agreement (Privatebancorp Inc)

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