Common use of Assumption of Defense Clause in Contracts

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 76 contracts

Samples: Indemnification Agreement (Elephant Oil Corp.), Indemnification Agreement (Felicitex Therapeutics Inc.), Indemnification Agreement (Junee LTD)

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Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee Xxxxxxxxxx has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 53 contracts

Samples: Indemnification Agreement (INLIF LTD), Indemnification Agreement (Lianhe Sowell International Group LTD), Indemnification Agreement (Cardiff Lexington Corp)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee in writing and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concludedconcluded that, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or that counsel selected by the Company may not be adequately representing Indemnitee, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 30 contracts

Samples: Indemnification Agreement (FWD Group Holdings LTD), Form of Indemnification Agreement (Hello Inc. /Cayman Islands/), Form of Indemnification Agreement (Phoenix Tree Holdings LTD)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 20 contracts

Samples: Indemnification Agreement (LaShou Group Inc.), Shareholders Agreement (Home Inns & Hotels Management Inc.), Form of Indemnification Agreement (Yayi International Inc)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against the Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by the Indemnitee, upon delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. At all times, the Indemnitee shall have the right to employ counsel in any Proceeding at the Indemnitee’s expense.

Appears in 9 contracts

Samples: Indemnification Agreement (Smart for Life, Inc.), Indemnification Agreement (Smart for Life, Inc.), Indemnification Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee Ixxxxxxxxx has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 9 contracts

Samples: Indemnification Agreement (Primega Group Holdings LTD), Indemnification Agreement (Green Circle Decarbonize Technology LTD), Indemnification Agreement (Semidux (Cayman) Holding LTD)

Assumption of Defense. In the event the Company is shall be obligated under this Agreement to advance or bear any pay the Expenses for of any Proceeding against IndemniteeExecutive, the Company Company, if appropriate, shall be entitled to assume the defense of such Proceeding, with counsel approved by IndemniteeExecutive, upon the delivery to Indemnitee of Executive of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee Executive and the retention of such counsel by the Company, the Company will not be liable to Indemnitee Executive under this Agreement for any fees of counsel subsequently incurred by Indemnitee Executive with respect to the same Proceedingproceeding, unless provided that (i) Executive shall have the right to employ his or her counsel in such Proceeding at Executive’s expense; and (ii) if (a) the employment of counsel by Indemnitee Executive has been previously authorized in writing by the Company, (iib) Indemnitee the Company shall have reasonably concluded, based on written advice of counsel, concluded that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee Executive in the conduct of any such defense, defense or (iiic) the Company ceases or terminates the employment of such shall not, in fact, have employed counsel with respect to assume the defense of such Proceeding, in any of which events the fees and expenses of IndemniteeExecutive’s counsel shall be at the expense of the Company. At all timesIn the event the Company assumes the defense of any Proceeding, Indemnitee shall have the right to employ counsel Company may settle such Proceeding in any Proceeding at Indemniteemanner which would impose any penalty or limitation on Executive with Executive’s expensewritten consent, which consent shall not be unreasonably withheld.

Appears in 6 contracts

Samples: Indemnity Agreement (Verecloud, Inc.), Indemnity Agreement (Verecloud, Inc.), Indemnity Agreement (Verecloud, Inc.)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the reasonable fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 5 contracts

Samples: Indemnification Agreement, Form of Indemnification Agreement (Marvell Technology Group LTD), Indemnification Agreement (Marvell Technology Group LTD)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against the Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by the Indemnitee, upon delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by the Indemnitee in writing and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall have reasonably concludedconcluded that, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defense, or that counsel selected by the Company may not be adequately representing the Indemnitee, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. At all times, the Indemnitee shall have the right to employ counsel in any Proceeding at the Indemnitee’s expense.

Appears in 4 contracts

Samples: Indemnification Agreement (Acquity Group LTD), Indemnification Agreement (Lentuo International Inc.), Form of Indemnification Agreement for Director (China Digital TV Holding Co., Ltd.)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance notified of the commencement of or bear the threat of commencement of any Expenses for any Proceeding proceeding against Indemniteethe Indemnitee by reason of the fact that the Indemnitee is or was an agent of the Company, the Company Company, jointly with any other indemnifying party similarly notified, shall be entitled to assume the defense of such Proceedingproceeding, with counsel approved by reasonably acceptable to the Indemnitee, upon the delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, notice and the approval of such counsel by Indemnitee and the retention of such counsel by the CompanyIndemnitee, which approval shall not be unreasonably withheld, the Company will shall not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceedingproceeding, unless provided that (a) the Indemnitee shall have the right to employ the Indemnitee’s own counsel in such proceeding at the Indemnitee’s expense and (b) if (i) the employment of counsel by the Indemnitee has been previously authorized in writing by the Company, (ii) Indemnitee the Company shall have reasonably concluded, based on written advice of counsel, concluded that there may be a conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates shall not within sixty (60) days of receipt of notice from the employment of such Indemnitee, in fact, have employed counsel with respect to assume the defense of such Proceedingproceeding, in any of which events the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 3 contracts

Samples: Form of Indemnification Agreement (UNITED THERAPEUTICS Corp), Indemnification Agreement (Organovo Holdings, Inc.), Form of Indemnification Agreement (United Therapeutics Corp)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against the Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by the Indemnitee, upon delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall have has reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. At all times, the Indemnitee shall have the right to employ counsel in any Proceeding at the Indemnitee’s expense.

Appears in 3 contracts

Samples: Indemnification Agreement (Azure Power Global LTD), Indemnification Agreement (MOL Global, Inc.), Indemnification Agreement (Leju Holdings LTD)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s 's expense.

Appears in 3 contracts

Samples: Form of Indemnification Agreement (WNS (Holdings) LTD), Form of Indemnification Agreement (E-House (China) Holdings LTD), Indemnification Agreement (Ctrip Com International LTD)

Assumption of Defense. In the event If the Company is shall be obligated under this Agreement to advance or bear any pay the Expenses for of any Proceeding against Indemnitee, then the Company shall be entitled to assume the defense of such Proceeding, Proceeding with counsel approved by IndemniteeIndemnitee (which approval shall not be unreasonably withheld, conditional or delayed), upon the delivery to Indemnitee of written notice of its the Company’s election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously is authorized in writing by the Company, (ii) Indemnitee shall have reasonably concluded, based on upon written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events events, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ other counsel in any such Proceeding at Indemnitee’s expense, and to participate in the defense of the Proceeding or claim through such counsel.

Appears in 3 contracts

Samples: Indemnification Agreement (EveryWare Global, Inc.), Indemnification Agreement (EveryWare Global, Inc.), Indemnification Agreement (EveryWare Global, Inc.)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s 's expense.

Appears in 3 contracts

Samples: Indemnification Agreement (China Techfaith Wireless Communication Technology LTD), Indemnification Agreement (Xinhua Finance Media LTD), Indemnification Agreement (Agria Corp)

Assumption of Defense. In the event the Company is shall be obligated under this Agreement to advance or bear pay the expenses of any Expenses for any Proceeding proceeding against the Indemnitee, the Company Company, if appropriate, shall be entitled to assume the defense of such Proceeding, proceeding with counsel approved by IndemniteeIndemnitee which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceedingproceeding, unless (i) the employment of counsel by Indemnitee has been previously is authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on upon written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceedingproceeding, in any of which events then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ other counsel in any Proceeding such proceeding at Indemnitee’s expense, and to participate in the defense of the proceeding or claim through such counsel.

Appears in 2 contracts

Samples: Indemnification Agreement (Music123, Inc.), Indemnification Agreement (Guitar Center Inc)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by IndemniteeIndemnitee (such approval not to be unreasonably withheld), upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s 's expense.

Appears in 2 contracts

Samples: Indemnification Agreement (FTD Group, Inc.), Indemnification Agreement (FTD Group, Inc.)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear advances any Expenses expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by IndemniteeIndemnitee (such approval not to be unreasonably withheld), upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, Proceeding unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of with such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 2 contracts

Samples: Indemnification Agreement (Pioneer Energy Services Corp), Indemnification Agreement (Pioneer Drilling Co)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee in writing and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concludedconcluded that, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or that counsel selected by the Company may not be adequately representing Indemnitee, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s 's expense.

Appears in 2 contracts

Samples: Indemnification Agreement (Suntech Power Holdings Co., Ltd.), Indemnification Agreement (China Nepstar Chain Drugstore Ltd.)

Assumption of Defense. In the event the Company is shall be obligated under this Agreement to advance or bear pay the expenses of any Expenses for any Proceeding proceeding against Indemnitee, the Company Company, if appropriate, shall be entitled to assume the defense of such Proceeding, proceeding with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election so to do sodo. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceedingproceeding, unless (i) the employment of counsel by Indemnitee has been previously is authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, concluded that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceedingproceeding, in any of which events then the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, times Indemnitee shall have the right to employ other counsel in any Proceeding such proceeding at Indemnitee’s 's expense.. 3.5

Appears in 1 contract

Samples: Z) Indemnification Agreement (Applied Magnetics Corp)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee Xxxxxxxxxx has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.. 8/42

Appears in 1 contract

Samples: Indemnification Agreement (U Power LTD)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee Xxxxxxxxxx has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.. 26/42

Appears in 1 contract

Samples: Indemnification Agreement (U Power LTD)

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Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concludedin the reasonable opinion of counsel to Indemnitee, based on written advice of counsel, that there is or may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any the defense of such defenseProceeding, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 1 contract

Samples: Indemnification Agreement (Going International Holding Co LTD)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Indemnitee shall have reasonably concluded that counsel selected by the Company may not be adequately representing the Indemnitee, or (iv) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 1 contract

Samples: Form of Indemnification Agreement (TH International LTD)

Assumption of Defense. In the event the Company is shall be obligated under this Agreement to advance or bear pay the expenses of any Expenses for any Proceeding proceeding against Indemnitee, the Company Company, as appropriate, shall be entitled to assume the defense of such Proceeding, proceeding with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election so to do sodo. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceedingproceeding, unless (iI) the employment of counsel by Indemnitee has been previously is authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, concluded that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceedingproceeding, in any of which events then the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, times Indemnitee shall have the right to employ other counsel in any Proceeding such proceeding at Indemnitee’s 's expense.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Quarterdeck Corp)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee Xxxxxxxxxx has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 1 contract

Samples: Indemnification Agreement (Jinxin Technology Holding Co)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against the Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by the Indemnitee, upon delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceeding, unless (iunless(i) the employment of counsel by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. At all times, the Indemnitee shall have the right to employ counsel in any Proceeding at the Indemnitee’s expense.

Appears in 1 contract

Samples: Indemnification Agreement (Puyi, Inc.)

Assumption of Defense. In the event the Company is shall be obligated under this Agreement to advance or bear pay the expenses of any Expenses for any Proceeding proceeding against the Indemnitee, the Company Company, if appropriate, shall be entitled to assume the defense of such Proceeding, proceeding with counsel approved by IndemniteeIndemnitee which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceedingproceeding, unless (i) the employment of counsel by Indemnitee has been previously is authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on upon written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceedingproceeding, in any of which events then the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ other counsel in any Proceeding such proceeding at Indemnitee’s 's expense, and to participate in the defense of the proceeding or claim through such counsel.

Appears in 1 contract

Samples: Indemnification Agreement (Guitar Center Inc)

Assumption of Defense. In the event the Company is shall be obligated under this Agreement to advance or bear pay the Expenses of the Indemnitee in any Expenses for any Proceeding against IndemniteeProceeding, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by the Indemnitee, which approval shall not be unreasonably withheld, upon the delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Indemnitee shall nevertheless be entitled to employ or continue to employ his own counsel in such Proceeding. Employment of such counsel by the Indemnitee shall be at the cost and expense of the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect unless and until the Company shall have demonstrated to the same Proceeding, unless (i) reasonable satisfaction of the employment of Indemnitee and the Indemnitee’s counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a is complete identity of issues and defenses and no conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defenseProceeding, or (iii) the Company ceases or terminates the after which time further employment of such counsel with respect by the Indemnitee shall be at the cost and expense of the Indemnitee. In all events, if the Company shall not, in fact, have timely employed counsel to assume the defense of such Proceeding, in any of which events then the fees and expenses Expenses of the Indemnitee’s counsel shall be at the cost and expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 1 contract

Samples: Indemnity Agreement (Atx Group Inc)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by IndemniteeIndemnitee (such approval not to be unreasonably withheld), upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 1 contract

Samples: Indemnification Agreement (Maverick Tube Corporation)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee Xxxxxxxxxx has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.. 38/42

Appears in 1 contract

Samples: Indemnification Agreement (U Power LTD)

Assumption of Defense. In the event the Company is shall be obligated under this Agreement to advance or bear pay the expenses of any Expenses for any Proceeding proceeding against the Indemnitee, the Company Company, if appropriate, shall be entitled to assume the defense of such Proceedingproceeding, with counsel approved by reasonably acceptable to the Indemnitee, upon the delivery to the Indemnitee of written notice of its election to do so. In the event of a conflict of interest between the Company and the Indemnitee, the Company may not assume the defense of such proceedings absent the consent of the Indemnitee. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceedingproceeding, unless provided that (a) the Indemnitee shall have the right to employ his counsel in such proceeding at the Indemnitee's expense and (b) if (i) the employment of counsel by the Indemnitee has been previously authorized in writing by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be is a conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such shall not, in fact, have employed counsel with respect to assume the defense of such Proceedingproceeding, in any of which events then the fees and expenses of the Indemnitee’s 's counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 1 contract

Samples: Indemnification Agreement (Memc Electronic Materials Inc)

Assumption of Defense. In the event the Company is shall be obligated to pay the expenses of any proceeding against the Indemnitee under this Agreement to advance or bear any Expenses for any Proceeding against IndemniteeAgreement, the Company Company, if appropriate, shall be entitled to assume the defense of such Proceeding, proceeding with counsel approved by IndemniteeIndemnitee which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceedingproceeding, unless (i) the employment of counsel by Indemnitee has been previously is authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on upon written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceedingproceeding, in any of which events then the fees and expenses of Indemnitee’s 's counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ other counsel in any Proceeding such proceeding at Indemnitee’s 's expense, and to participate in the defense of the proceeding or claim through such counsel.

Appears in 1 contract

Samples: Indemnification Agreement (Genencor International Inc)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against the Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by the Indemnitee, upon delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and the Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of the Indemnitee’s 's counsel shall be at the expense of the Company. At all times, the Indemnitee shall have the right to employ counsel in any Proceeding at the Indemnitee’s 's expense.

Appears in 1 contract

Samples: Indemnification Agreement (WSP Holdings LTD)

Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment or engagement of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment or engagement of such counsel with respect to the defense of such Proceeding, in any of which events the reasonable fees and expenses of Indemnitee’s counsel shall be at the expense of the CompanyCompany to the extent so permitted hereunder. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense.

Appears in 1 contract

Samples: Indemnification Agreement (Loyalty Alliance Enterprise Corp)

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