Common use of Changes in Law Clause in Contracts

Changes in Law. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, expands or otherwise increases the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, the Indemnitee shall, by this Agreement, enjoy the greater benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, such change shall have no effect on this Agreement or any of the Indemnitee’s rights hereunder, except and only to the extent required by law.

Appears in 26 contracts

Samples: Indemnification and Advancement Agreement (T-Mobile US, Inc.), Indemnification Agreement (Warren Resources Inc), Indemnification and Waiver Agreement (Cameron International Corp)

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Changes in Law. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, expands or otherwise increases the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, the Indemnitee shall, by this Agreement, enjoy the greater benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, such change shall have no effect on this Agreement or any of the Indemnitee’s 's rights hereunder, except and only to the extent required by law.

Appears in 4 contracts

Samples: Indemnification Agreement (Pinnacle Gas Resources, Inc.), Indemnification Agreement (Basic Energy Services Inc), Indemnification Agreement (Bj Services Co)

Changes in Law. In the event that a change in applicable law of any changes, after the date of this Agreement, whether by in any applicable law, statute, or rule or judicial decision, expands or otherwise increases which expand the right of a Delaware corporation to indemnify its officers and/or directors, Indemnitee’s rights and the Company’s obligations under this Agreement shall be expanded to the full extent permitted by such changes. In the event of any changes in any applicable law, statute or ability rule, which narrow the right of a Delaware corporation to indemnify a member of its board of directors director or an officer, such changes, to the Indemnitee shallextent not otherwise required by such law, by statute or rule to be applied to this Agreement, enjoy the greater benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, such change shall have no effect on this Agreement or any of the Indemnitee’s parties’ rights and obligations hereunder, except and only to the extent required by law.

Appears in 1 contract

Samples: Indemnification Agreement (Lindsay Corp)

Changes in Law. In the event that a change in applicable law of any changes, after the date of this Agreement, whether by in any applicable law, statute, or rule or judicial decision, expands or otherwise increases which expand the right of a Delaware corporation to indemnify its officers and/or directors, the Indemnitee’s rights and the Company’s obligations under this Agreement shall be expanded to the full extent permitted by such changes. In the event of any changes in any applicable law, statute or ability rule, which narrow the right of a Delaware corporation to indemnify a member of its board of directors director or an officer, such changes, to the Indemnitee shallextent not otherwise required by such law, by statute or rule to be applied to this Agreement, enjoy the greater benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, such change shall have no effect on this Agreement or any of the Indemnitee’s parties’ rights and obligations hereunder, except and only to the extent required by law.

Appears in 1 contract

Samples: Indemnification Agreement (Lindsay Corp)

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Changes in Law. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, expands or otherwise increases the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, the Indemnitee shall, by this Agreement, enjoy the greater benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Delaware corporation to indemnify a member of its board of or directors or an officer, such change shall have no effect on this Agreement or any of the Indemnitee’s 's rights hereunder, except and only to the extent required by law.

Appears in 1 contract

Samples: Indemnification Agreement (Trimas Corp)

Changes in Law. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, expands or otherwise increases the right or ability of a Delaware corporation to indemnify a member of its board of directors or an officer, the Indemnitee shall, by this Agreement, enjoy the greater benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Delaware corporation to indemnify a member Exhibit 10.1 of its board of or directors or an officer, such change shall have no effect on this Agreement or any of the Indemnitee’s rights hereunder, except and only to the extent required by law.

Appears in 1 contract

Samples: Indemnification Agreement (Trimas Corp)

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