Common use of Reliance as Safe Harbor Clause in Contracts

Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports, or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board of Directors, or by any other Person (including legal counsel, accountants, and financial advisors) as to matters Indemnitee reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any director, officer, agent, or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 7 contracts

Samples: Indemnification Agreement (DESRI Inc.), Indemnification Agreement (Healthcare Royalty, Inc.), Form of Indemnification Agreement (Noble Corp PLC)

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Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company Company, and, with respect to any criminal action or proceeding, without reasonable cause to believe Indemnitee’s conduct was unlawful, if Indemnitee’s actions or omissions to act are were taken in good faith reliance upon the records of the CompanyCompany or any of its subsidiaries, including its financial statements, or upon information, opinions, reports, reports or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board of DirectorsBoard, or by any other Person person (including legal counsel, accountants, accountants and financial advisors) as to matters Indemnitee reasonably believes are believed at the time were within such other Personperson’s professional or expert competence and who has had been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any director, officer, agent, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 4 contracts

Samples: Indemnification Agreement (Genworth Mortgage Holdings, Inc.), Indemnification Agreement (Genworth Mortgage Holdings, Inc.), Indemnification Agreement (Trean Insurance Group, Inc.)

Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company Company, and, with respect to any criminal action or proceeding, without reasonable cause to believe Indemnitee’s conduct was unlawful, if Indemnitee’s actions or omissions to act are were taken in good faith reliance upon the records of the CompanyCompany or any of its subsidiaries, including its financial statements, or upon information, opinions, reports, reports or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board of DirectorsBoard, or by any other Person person (including legal counsel, accountants, accountants and financial advisors) as to matters Indemnitee reasonably believes are believed at the time were within such other Personperson’s professional or expert competence and who has had been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any other director, officer, agent, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 3 contracts

Samples: Indemnification Agreement (Genworth Financial Inc), Indemnification Agreement (Genworth Financial Inc), Indemnification Agreement (Enact Holdings, Inc.)

Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee he or she reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are were taken in good faith reliance upon the records of the CompanyCompany or any of its subsidiaries, including its financial statements, or upon information, opinions, reports, reports or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board of DirectorsBoard, or by any other Person person (including legal counsel, accountants, accountants and financial advisors) as to matters Indemnitee reasonably believes are believed at the time were within such other Personperson’s professional or expert competence and who has had been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any director, officer, agent, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (El Pollo Loco Holdings, Inc.)

Reliance as Safe Harbor. For purposes of this Agreementhereof, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports, or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries Subsidiaries in the course of their duties, or by committees of the Board of Directors, or by any other Person (including legal counsel, accountants, and financial advisors) as to matters Indemnitee reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any director, officer, agent, or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Digital Media Solutions, Inc.)

Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports, or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board of Directors, or by any other Person (including legal counsel, accountants, and financial advisors) as to matters Indemnitee reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any other director, officer, agent, or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (KEMPER Corp)

Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee he or she reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful, if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports, reports or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board of DirectorsBoard, or by any other Person person (including legal counsel, accountants, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other Personperson’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and and/or actions, or failures to act, of any director, officer, agent, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Bally Total Fitness Holding Corp)

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Reliance as Safe Harbor. For all purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not existfaith, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports, or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries Subsidiaries in the course of their duties, or by committees of the Board of Directors, or by any other Person (including legal counsel, accountants, and financial advisors) as to matters Indemnitee reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any director, officer, agent, or employee of the Company shall not be imputed to Indemnitee for all purposes of determining the Indemnitee’s right to indemnity hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Viking Holdings LTD)

Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the books and records of the Company, including its financial statementsrecords, or upon information, opinions, reports, or statements furnished to Indemnitee by Indemnitee’s attorneys, accountants, financial and other advisers/consultants or by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by the Board of Directors or committees of the Board of Directors, or by any other Person (including legal counsel, accountants, and financial advisors) as to matters Indemnitee reasonably believes are believed were within such other Person’s professional or expert competence and who has had been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any other director, officer, agent, employee or employee agent of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (We Co.)

Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports, or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries Subsidiaries in the course of their duties, or by committees of the Board of Directors, or by any other Person (including legal counsel, accountants, and financial advisors) as to matters Indemnitee reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and actions, or failures to act, of any director, officer, agent, or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Vertiv Holdings Co)

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