Common use of Expenses under this Agreement Clause in Contracts

Expenses under this Agreement. In the event that the Indemnitee is successful in seeking, pursuant to Section 6.3, a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of, this Agreement, the Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that the Indemnitee is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by the Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated.

Appears in 3 contracts

Samples: Indemnification Agreement (Industrial Property Trust), Form of Indemnification Agreement (Industrial Property Trust Inc.), Form of Indemnification Agreement (Industrial Property Reit Inc.)

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Expenses under this Agreement. In the event that the Indemnitee is successful in seeking, pursuant to Section 6.3, a judicial adjudication of or an award in arbitration to enforce his or her rights under, or to recover damages for breach of, this Agreement, the Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him or her in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that the Indemnitee is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by the Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated.

Appears in 3 contracts

Samples: Indemnification Agreement (Industrial Logistics Realty Trust Inc.), Indemnification Agreement (Logistics Property Trust Inc.), Indemnification Agreement (Logistics Property Trust Inc.)

Expenses under this Agreement. In the event that the Indemnitee is successful in seekingIndemnitee, pursuant to Section 6.3, seeks a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of, this Agreement, the Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that the Indemnitee is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by the Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated.

Appears in 1 contract

Samples: Indemnification Agreement (Industrial Income Trust Inc.)

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Expenses under this Agreement. In the event that the Indemnitee is successful in seekingIndemnitee, pursuant to Section 6.3, seeks a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of, this Agreement, the Indemnitee shall be entitled to recover from the CompanyTrust, and shall be indemnified by the Company Trust for, any and all Expenses actually and reasonably incurred by him in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that the Indemnitee is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by the Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated.

Appears in 1 contract

Samples: Indemnification Agreement (DC Industrial Liquidating Trust)

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