Examples of Indemnified D&O in a sentence
The Buyers shall not settle, compromise or consent to the entry of judgment in any such claim without the written consent of such Indemnified D&O Person.
The obligations of Purchaser and Parent under this Section 6.16 shall not be terminated or modified in a manner so as to adversely affect any Indemnified D&O or any other person entitled to the benefit of this Section 6.16 without the prior written consent of the affected Indemnified D&O.
In addition, for a period of six (6) years following the Effective Time, Parent shall not, and shall cause the Surviving Corporation and its Subsidiaries not to, amend, repeal or otherwise modified in any manner that is less favorable to any Indemnified D&O in any material respect the Charter Documents of the Surviving Corporation and its Subsidiaries in effect immediately following the Effective Time.
If such an Indemnified D&O elects to control the defense of such an Action, such Indemnified D&O shall use his or her commercially reasonable efforts to defend such Action vigorously and diligently to final conclusion or settlement, subject to the terms hereof.
For the avoidance of doubt, this Section 6.16(d) shall not by itself be construed in any manner that would impose additional indemnification, advancement of expenses or exculpation obligations on Purchaser or its Affiliates to indemnify such Indemnified D&O.
Each of Purchaser and such Indemnified D&O shall, and Purchaser shall cause each of the Target Company and the Transferred Subsidiary to, reasonably cooperate, and cause their respective Affiliates to reasonably cooperate, in the defense of any such Action, including the Target Company making reasonably requested documents and witnesses related to the defense available to such Indemnified D&O pursuant to joint-defense agreements and/or confidentiality agreements, as appropriate.
The obligations of Acquirer, the Surviving Company and its successors under the last sentence of Section 5.15(a) shall not be terminated, amended or otherwise modified in such a manner as to adversely affect any Indemnified D&O (or his or her heirs, personal representatives, successors or assigns) without the prior written consent of such Indemnified D&O (or his or her heirs, personal representatives, successors or assigns, as applicable).
Buyer shall cause the Company and its Subsidiaries to advance reasonable expenses in connection with such indemnification as provided in the Governing Documents of the Company or its Subsidiaries in effect on the date hereof or such other applicable agreements in effect on the date hereof subject to receipt of an undertaking from the Indemnified D&O Party.
The Surviving Corporation shall not, for a period of six (6) years from the Effective Time, amend, waive or otherwise alter its Organizational Documents so as to impair or limit the Surviving Corporation’s obligations to indemnify the Indemnified D&O Parties except as required by Law.
The Surviving Company shall, and Acquirer shall cause the Surviving Company or its successors to, pay all costs and expenses (including reasonable attorneys’ fees) incurred by any Indemnified D&O (or his or her heirs, personal representatives, successors or assigns) in any legal action brought by such person that is successful to enforce the obligations of Acquirer, the Surviving Company or its successors under the last sentence of Section 5.15(a).