Common use of Indemnification Procedure; Determination of Right to Indemnification Clause in Contracts

Indemnification Procedure; Determination of Right to Indemnification. (a) Promptly after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for indemnification in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof in a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The omission to so notify the Company will not relieve the Company from any liability which the Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or procedural rights with respect to the defense of any Proceeding as a result of such omission to so notify.

Appears in 20 contracts

Samples: Form of Indemnification Agreement (StoneBridge Acquisition Corp.), Indemnification Agreement (Nvni Group LTD), Indemnification Agreement (Nvni Group LTD)

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Indemnification Procedure; Determination of Right to Indemnification. (a) a. Promptly after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for indemnification in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof in a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The omission to so notify the Company will not relieve the Company from any liability which the Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or procedural rights with respect to the defense of any Proceeding as a result of such omission to so notify.

Appears in 9 contracts

Samples: Indemnification Agreement (Alibaba Group Holding LTD), Form of Indemnification Agreement (eToro Group Ltd.), Form of Indemnification Agreement (Grab Holdings LTD)

Indemnification Procedure; Determination of Right to Indemnification. (a) Promptly after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if the Indemnitee intends to make a claim for indemnification in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof of such Proceeding in a written request, including therein or therewith and shall provide the Company such documentation and information as is reasonably available to Indemnitee and is reasonably necessary for the Company to determine whether and to what extent Indemnitee is entitled to indemnification. The omission to so notify the Company will not relieve the Company from any liability which the Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or procedural rights with respect to the defense of any Proceeding as a result of such omission to so notify.

Appears in 2 contracts

Samples: Indemnification Agreement (LumiraDx LTD), Indemnification Agreement (BeiGene, Ltd.)

Indemnification Procedure; Determination of Right to Indemnification. (a) Promptly after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for indemnification or advancement of Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof in a written requestwriting. Such notice shall be given to the secretary of the Company, including therein or therewith who shall promptly advise the Board of Directors of the Company of such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnificationnotification. The omission by the Indemnitee to so notify the Company will not relieve the Company from any liability which the Company may have to the Indemnitee under this Agreement Agreement, unless the Company shall have lost significant substantive or procedural rights with respect to the defense of any Proceeding as a result of such omission to so notify.

Appears in 2 contracts

Samples: Indemnification Agreement (Calypte Biomedical Corp), Indemnification Agreement (Dover Investments Corp)

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Indemnification Procedure; Determination of Right to Indemnification. (a) Promptly after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for indemnification or advancement of Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof in a written request, including therein or therewith such documentation and information as is reasonably available to the Indemnitee and is reasonably necessary to determine whether and to what extent the Indemnitee is entitled to indemnification. The omission failure and delay to so notify the Company will not relieve the Company from any liability which the Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or procedural rights with respect to the defense of any Proceeding as a result of such omission to so notify.

Appears in 1 contract

Samples: Form of Indemnification Agreement (ECMOHO LTD)

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