Common use of Reliance on Provisions Clause in Contracts

Reliance on Provisions. Each person who shall act as a director or officer of the Corporation, or as the legal representative of such person, or who while a director or officer serves at the request of the Corporation as a director, officer, employee, trustee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, shall be deemed to be doing so in reliance upon rights of indemnification provided by this Article VI. Any repeal or modification of the provisions of this Article VI shall not adversely affect any right or benefit of any potential claimant existing at the time of such repeal or modification.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bonanza Creek Energy, Inc.), Agreement and Plan of Merger (Sandridge Energy Inc)

AutoNDA by SimpleDocs

Reliance on Provisions. Each person who shall act as a director or officer of the Corporationcorporation, or as the legal representative of such person, or who while a director or officer serves at the request of the Corporation corporation as a director, officer, partner, principal, member, manager, fiduciary, employee, trustee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, shall be deemed to be doing so in reliance upon rights of indemnification provided by this Article VI. Any repeal or modification of the provisions of this Article VI shall not adversely affect any right or benefit of any potential claimant Indemnitee existing at the time of such repeal or modification.

Appears in 1 contract

Samples: Rights Agreement (Idearc Inc.)

AutoNDA by SimpleDocs

Reliance on Provisions. Each person who shall act as a director or officer of the Corporation, or as the legal representative of such person, or who while a director or officer serves at the request of the Corporation as a director, officer, partner, principal, member, manager, fiduciary, employee, trustee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, shall be deemed to be doing so in reliance upon rights of indemnification provided by this Article VIVII. Any repeal or modification of the provisions of this Article VI VII shall not adversely affect any right or benefit of any potential claimant Indemnitee existing at the time of such repeal or modification.

Appears in 1 contract

Samples: Rights Agreement (Idearc Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.