Common use of Right of Claimant to Bring Suit Clause in Contracts

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII is not paid in full by the Company within 90 days after such receipt, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (Mescalero Pipeline, LLC), Limited Liability Company Agreement (Carrizo Marcellus Holding Inc.), Limited Liability Company Agreement (Carrizo (Niobrara) LLC)

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Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 3.1 of an indemnified party under this Article VIII is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall also be entitled to be paid also the expense of prosecuting such claim. In any such action, the Company shall have the burden of proving that the Indemnitee was not entitled to the requested indemnification or payment of expenses under applicable law. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Delaware law for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable failed to meet such standard of conduct.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (Lilli Ann LLC), Limited Liability Company Agreement (Lilli Ann LLC), Limited Liability Company Agreement (Lilli Ann LLC)

Right of Claimant to Bring Suit. If Notwithstanding any contrary determination in the specific case under Section 7.3, and notwithstanding the absence of any determination thereunder, if (i) following the final disposition of the applicable proceeding, a written claim received by the Company from for indemnification under Sections 7.1 or on behalf 7.2 of an indemnified party under this Article VIII VII is not paid in full by the Company Corporation within 90 ninety (90) days after the later of a written claim for indemnification has been received by the Corporation, or (ii) a claim for advancement of expenses under Section 7.6 of this Article VII is not paid in full by the Corporation within thirty (30) days after the Corporation has received a statement or statements requesting such receiptamounts to be advanced, the claimant may at any time thereafter (but not before) bring suit against the Company Corporation in the Court of Chancery in the State of Delaware to recover the unpaid amount of the claim andclaim, if successful in whole together with interest thereon, or in partto obtain advancement of expenses, the claimant shall be entitled to be paid also the expense of prosecuting such claimas applicable. It shall be a defense to any such action brought to enforce a right to indemnification (other than but not in an action brought to enforce a claim for expenses incurred in defending any proceeding in advance right to an advancement of its final disposition where the required undertaking, if any is required, has been tendered to the Companyexpenses) that the claimant has not met the standards of conduct which make it permissible under the DGCL (or other applicable law) for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a contrary determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met specific case under Section 7.3 nor the applicable standard absence of conduct set forth in the DGCL, nor an actual any determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, thereunder shall be a defense to the action such application or create a presumption that the claimant has not met the any applicable standard of conduct. If successful, in whole or in part, the claimant shall also be entitled to be paid the expense of prosecuting such claim, including reasonable attorneys’ fees incurred in connection therewith, to the fullest extent permitted by applicable law.

Appears in 8 contracts

Samples: Business Combination Agreement (Goal Acquisitions Corp.), Business Combination Agreement (Goal Acquisitions Corp.), Agreement and Plan of Merger (TradeUP Acquisition Corp.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law of the State of Delaware for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law of the State of Delaware, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 8 contracts

Samples: Agreement and Plan of Merger (Lions Gate Entertainment Corp /Cn/), Agreement and Plan of Merger (Transatlantic Holdings Inc), Agreement and Plan of Merger (Alleghany Corp /De)

Right of Claimant to Bring Suit. If A claimant may bring suit ------------------------------- against the Corporation under Section (B)(1) of this Article only if the Corporation fails to pay in full within thirty days of its receipt of a written claim received by the Company from or on behalf of an indemnified party under this Article VIII is not paid in full by the Company within 90 days after such receipt, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if for payment hereunder. If successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claimclaim (including, but not limited to, attorneys' fees). It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which that make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving providing such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Genvec Inc), Stock Purchase Agreement (Genvec Inc), Stock Purchase Agreement (Genvec Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section (b)(i) of an indemnified party under this Article VIII NINTH is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claimclaim to the fullest extent permitted by law. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 3 contracts

Samples: Separation Agreement (C&J Energy Services, Inc.), Agreement and Plan of Merger (Epl Oil & Gas, Inc.), Agreement and Plan of Merger (Energy Xxi (Bermuda) LTD)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII section 6.1 is not paid in full by the Company corporation within 90 30 days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant also shall be entitled to be paid also the expense of prosecuting such that claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition disposition, where the required undertaking, if any any, is required, required and has been tendered to the Companycorporation) that the claimant has not met the standards failed to meet a standard of conduct which make that makes it permissible under the DGCL Delaware law for the Company corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company corporation (including the its Board, its independent legal counsel, counsel or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable that standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company corporation (including the its Board, its independent legal counsel, counsel or the Memberits stockholders) that the claimant has not met such applicable that standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable failed to meet that standard of conduct.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Comtech Telecommunications Corp /De/), Agreement and Plan of Merger (Radyne Corp), Agreement and Plan of Merger (Comtech Telecommunications Corp /De/)

Right of Claimant to Bring Suit. If a written claim received by the Company Corporation from or on behalf of an indemnified party under this Article VIII VI is not paid in full by the Company Corporation within 90 ninety days after such receipt, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Occusystems Inc), Cra Managed Care Inc

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII 8 is not paid in full by the Company within 90 ninety days after such receipt, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL Act for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Sole Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLAct, nor an actual determination by the Company (including the Board, independent legal counsel, or the Sole Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Targa Energy LP), Limited Liability Company Agreement (Targa Pipeline Partners LP)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Amscan Holdings Inc), Agreement and Plan of Merger (Confetti Acquisition Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph A of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, stockholders or independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, stockholders or independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Andrew Corp), Agreement and Plan of Merger (Allen Telecom Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 3.1 of an indemnified party under this Article VIII is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall also be entitled to be paid also the expense of prosecuting such claim. In any such action, the Company shall have the burden of proving that the Indemnitee was not entitled to the requested indemnification or payment of expenses under applicable law. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Delaware law for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable failed to meet such standard of conduct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Lilli Ann LLC), Limited Liability Company Agreement (Lilli Ann LLC)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (1) of an indemnified party under this Article VIII Section B is not paid in full by the Company Corporation within 90 the thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, counsel or the Memberstockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, counsel or the Memberstockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Walgreens Boots Alliance, Inc.), Agreement and Plan of Merger (Rite Aid Corp)

Right of Claimant to Bring Suit. If a written claim received by the Company Corporation from or on behalf of an indemnified party under this Article VIII VI is not paid in full by the Company Corporation within 90 ninety (90) days after such receipt, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Business Combination Agreement and Plan of Reorganization (Lion Electric Co), Business Combination Agreement and Plan of Reorganization (Northern Genesis Acquisition Corp.)

Right of Claimant to Bring Suit. If Notwithstanding any contrary determination in the specific case under Section 7.3, and notwithstanding the absence of any determination thereunder, if a written claim received by under Sections 7.1 or 7.2 of the Company from or on behalf of an indemnified party under this Article VIII VII is not paid in full by the Company Corporation within 90 (i) ninety (90) days after such receipta written claim for indemnification has been received by the Corporation, or (ii) thirty (30) days after a written claim for an advancement of expenses has been received by the Corporation, the claimant may at any time thereafter (but not before) bring suit against the Company Corporation in the Court of Chancery in the State of Delaware to recover the unpaid amount of the claim andclaim, if successful in whole together with interest thereon, or in partto obtain advancement of expenses, the claimant shall be entitled to be paid also the expense of prosecuting such claimas applicable. It shall be a defense to any such action brought to enforce a right to indemnification (other than but not in an action brought to enforce a claim for expenses incurred in defending any proceeding in advance right to an advancement of its final disposition where the required undertaking, if any is required, has been tendered to the Companyexpenses) that the claimant has not met the standards of conduct which make it permissible under the DGCL (or other applicable law) for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a contrary determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met specific case under Section 7.3 nor the applicable standard absence of conduct set forth in the DGCL, nor an actual any determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, thereunder shall be a defense to the action such application or create a presumption that the claimant has not met the any applicable standard of conduct. If successful, in whole or in part, the claimant shall also be entitled to be paid the expense of prosecuting such claim, including reasonable attorneys’ fees incurred in connection therewith, to the fullest extent permitted by applicable law.

Appears in 2 contracts

Samples: Business Combination Agreement and Plan of Reorganization (Novus Capital Corp II), Agreement and Plan of Merger (Oaktree Acquisition Corp.)

Right of Claimant to Bring Suit. If a written claim received by the Company Corporation from or on behalf of an indemnified party under this Article VIII VI is not paid in full by the Company Corporation within 90 days after such receipt, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Master Reorganization Agreement (Atlas Energy Solutions Inc.), Master Reorganization Agreement (New Atlas HoldCo Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section A(1) of an indemnified party under this Article VIII is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense expenses (including attorneys' fees) of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered rendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Share Purchase Agreement and Plan of Merger (Outsourcing Solutions Inc), Share Purchase Agreement and Plan of Merger (Sherman Acquisition Corp)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 10.1 of an indemnified party under this Article VIII X is not paid in full by the Company Corporation within 90 thirty (30) days after such receipta written claim pursuant to Section 10.3 of this Article X has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards standard of conduct which make makes it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, Independent Counsel or the Memberstockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, Independent Counsel or the Memberstockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Stock Purchase Agreement (CAI International, Inc.), Stock Purchase Agreement (CAI International, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section 7.02 is not paid in full by the Company Corporation within 90 30 calendar days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards standard of conduct which make makes it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she the claimant has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Transaction Agreement (Weyerhaeuser Co), Transaction Agreement (Domtar CORP)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 7.1 is not ------------------------------- paid in full by the Company Corporation within 90 ninety (90) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful such suit is not frivolous or brought in whole or in partbad faith, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than then an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the Companythis Corporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Stockholder Agreement (Mattson Technology Inc), Agreement and Plan of Merger (DSP Technology Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company Corporation from or on behalf of an indemnified party under this Article VIII VI is not paid in full by the Company Corporation within 90 ninety (90) days after such receipt, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which that make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she such person has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Redemption and Merger (Markwest Hydrocarbon Inc), Agreement and Plan of Redemption and Merger (Markwest Energy Partners L P)

Right of Claimant to Bring Suit. If Subject to Article 7, Paragraph 1K., if a claim under this Article is not promptly paid by the corporation after a written claim has been received by the Company from corporation or on behalf if expenses pursuant to Section 4 of an indemnified party under this Article VIII is have not paid in full been promptly advanced after a written request for such advancement accompanied by the Company within 90 days after such receiptstatement and undertaking required by Article 7, Paragraph 1D. of this Article has been received by the corporation, the claimant director or officer may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim andor the advancement of expenses. If successful, if successful in whole or in part, the claimant in such suit, such director or officer shall also be entitled to be paid also the reasonable expense of prosecuting such claimthereof, including attorneys' fees. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the Companycorporation) that the claimant director or officer has not met the standards of conduct which make it permissible under the DGCL Illinois Business Corporation Act for the Company corporation to indemnify the claimant director or officer for the amount claimed, but the burden of proving such defense shall be on the Companycorporation. Neither the failure of the Company corporation (including the Boardits board of directors, independent legal counsel, or the Memberits shareholders) to have made a determination determination, if required, prior to the commencement of such action that indemnification of the claimant director or officer is proper in the circumstances because he or she has met the applicable standard of conduct set forth in required under the DGCLIllinois Business Corporation Act, nor an actual determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.actual

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Illinova Corp), Agreement and Plan of Merger (Dynegy Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 1 (above) is not paid in full by the Company this Corporation within 90 ninety (90) days after such receipta written claim has been received by this Corporation, the claimant may at any time thereafter bring suit against the Company this Corporation to recover the unpaid amount of the claim claim, and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the Company) this Corporation), that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law of the State of Delaware for the Company this Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Companythis Corporation. Neither the failure of the Company this Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law of the State of Delaware, nor an actual determination by the Company this Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has had not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Purchase Agreement (Vyyo Inc), Stock Purchase Agreement (Vyyo Inc)

Right of Claimant to Bring Suit. 18.2.1. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 18.1 is not paid in full by the Company Corporation within 90 sixty (60) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim andclaim, and if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Statute for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLStatute, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has had not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has had not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Biodelivery Sciences International Inc), Agreement and Plan of Merger (Collegium Pharmaceutical, Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 12.1 is not paid in full by the Company within 90 60 days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense (including attorneys’ fees) of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding a Proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the Company) that the claimant has not met the standards of conduct which that make it permissible under the DGCL (as if the Company were a Delaware corporation and such claimant were a director or officer of a Delaware corporation) for the Company to indemnify the claimant for the amount claimed, but the . The burden of proving such a defense shall be on the Company. Neither the failure of the Company (including the Boardits Board of Directors, independent legal counsel, or the Memberits Shareholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in under the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDGCL (as if the Company were a Delaware corporation and such claimant were a director or officer of a Delaware corporation), nor an actual determination by the Company (including the Boardits Board of Directors, independent legal counsel, or the Memberits Shareholders) that the claimant has had not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (MDB Capital Holdings, LLC), Limited Liability Company Agreement (JMP Group LLC)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 30 calendar days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards standard of conduct which make makes it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, counsel or the Memberits stockholders) to have made a determination prior to the commencement of such action circumstances that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, counsel or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement of Merger (Duke Energy Field Services Corp), Registration Rights Agreement (Phillips Petroleum Co)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII paragraph (a) above is not paid in full by the Company Corporation within 90 30 days after such receipteligibility for a claim has been received/determined by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Panbela Therapeutics, Inc.), Agreement and Plan of Merger (Panbela Therapeutics, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section (b)(i) of an indemnified party under this Article VIII is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company Corporation (including the Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Brigham Exploration Co), Agreement and Plan of Merger (Statoil Asa)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 1 (above) is not paid in full by the Company this Corporation within 90 ninety (90) days after such receipta written claim has been received by this Corporation, the claimant may at any time thereafter bring suit against the Company this Corporation to recover the unpaid amount of the claim claim, and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the Company) this Corporation), that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law of the State of Delaware for the Company this Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Companythis Corporation. Neither the failure of the Company this Corporation (including the Boardinclud ing its Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law of the State of Delaware, nor an actual determination by the Company this Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has had not met the applicable standard of conduct.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Vyyo Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph(a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law of the State of Delaware for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law of the State of Delaware, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (ATN International, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from under Section 9.1 or on behalf 9.2 of an indemnified party under this Article VIII is not paid in full by the Company corporation within 90 days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense (including attorneys' fees) of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding a Proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the Companycorporation) that the claimant has not met the standards of conduct which that make it permissible under the DGCL Delaware General Corporation Law for the Company corporation to indemnify the claimant for the amount claimed, but the . The burden of proving such a defense shall be on the Companycorporation. Neither the failure of the Company corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in under the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has had not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Heuristic Development Group Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 1 of an indemnified party under ------------------------------- this Article VIII is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Delaware law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable failed to meet such standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Ps Group Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Business Corporation Law of the State of New York for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits shareholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLBusiness Corporation Law of the State of New York, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits shareholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Business Combination Agreement (Omnicom Group Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company Corporation from or on behalf of an indemnified party under this Article VIII VI is not paid in full by the Company Corporation within 90 ninety days after such receipt, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Voting Agreement (Roan Resources, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII paragraph (a) above is not paid in full by the Company Corporation within 90 30 days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cimarron Medical, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under subsection (a) of an indemnified party under this Article VIII IX is not paid in full by the Company corporation within 90 sixty (60) days after such receipta written claim has been received by the corporation, except in the case of a claim for expenses incurred in defending a proceeding in advance of its final disposition, in which case the applicable period shall be twenty (20) days, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if to the extent successful in whole or in part, the claimant shall be presumed to be entitled to be paid also the expense indemnification under this Article IX upon submission of prosecuting such claim. It shall be a defense to any such action written claim (other than and, in an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition disposition, where the required undertaking, if any is required, undertaking has been tendered to the Company) corporation), and thereafter the corporation shall have the burden of proof to overcome the presumption that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Companyis so entitled. Neither the failure of the Company corporation (including the Boardits board of directors, independent legal counsel, counsel or the Memberits shareholders) to have made a determination prior to the commencement of such action that indemnification of or reimbursement or advancement of expenses to the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company corporation (including the Boardits board of directors, independent legal counsel, counsel or the Memberits shareholders) that the claimant has is not met such applicable standard entitled to indemnification or to the reimbursement or advancement of conduct, expenses shall be a defense to the action or create a presumption that the claimant has is not met the applicable standard of conductso entitled.

Appears in 1 contract

Samples: Merger Agreement (Desert Canadians Ltd.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company corporation within 90 thirty days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Companycorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Companycorporation. Neither the failure of the Company corporation (including the Boardits Board of Directors, stockholders or independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company corporation (including the Boardits Board of Directors, stockholders or independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Andrew Corp)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 8.2.1 is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Waddell & Reed Financial Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from under Section 9.1 or on behalf 9.2 of an indemnified party under this Article VIII is not paid in full by ------------------ the Company corporation within 90 days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense (including attorneys' fees) of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding a Proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the Companycorporation) that the claimant has not met the standards of conduct which that make it permissible under the DGCL Delaware General Corporation Law for the Company corporation to indemnify the claimant for the amount claimed, but the . The burden of proving such a defense shall be on the Companycorporation. Neither the failure of the Company corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in under the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has had not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Employment Agreement (Cheap Tickets Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 1 of an indemnified party under this Article VIII is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall also be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the CompanyCorporation) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Delaware law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, nor the termination of any proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall be a defense to the action or create a presumption that the claimant has not met failed to meet the applicable required standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kellwood Co)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL Act for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Boardits Manager, independent legal counsel, or the Memberits Member(s)) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLAct, nor an actual determination by the Company (including the Boardits Manager, independent legal counsel, or the Memberits Member(s)) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Limited Liability Company Operarting Agreement (Gold Merger Sub, LLC)

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Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 8.1 is not paid in full by the Company Corporation within 90 ninety (90) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Investor Rights Agreement (Mosaic Co)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 15.1 is not paid in full by the Company Corporation within 90 thirty (30) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Delaware law for the Company 15 101 Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable failed to meet such standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Healthdyne Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from under Section 9.1 or on behalf Section 9.2 of an indemnified party under this Article VIII is not paid in full by the Company corporation within 90 60 days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense (including attorneys’ fees) of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding a Proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the Companycorporation) that the claimant has not met the standards of conduct which that make it permissible under the DGCL Delaware General Corporation Law for the Company corporation to indemnify the claimant for the amount claimed, but the . The burden of proving such a defense shall be on the Companycorporation. Neither the failure of the Company corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in under the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has had not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Distribution Agreement (CombiMatrix Corp)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL Act for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Boardits Board of Directors, independent legal counsel, or the Memberits Member(s)) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLAct, nor an actual determination by the Company (including the Boardits Board of Directors, independent legal counsel, or the Memberits Member(s)) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (St Jude Medical, LLC)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law of the State of Delaware for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law of the State of Delaware, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.. ​

Appears in 1 contract

Samples: Lions Gate Entertainment Corp /Cn/

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under subsection (b)(i) of an indemnified party under this Article VIII Section is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware Act for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Memberits Members) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware Act, nor an actual determination by the Company (including the Board, independent legal counsel, or the Memberits members) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Operating Agreement (Immunomedics Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct A-36 41 which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.. (c)

Appears in 1 contract

Samples: Agreement and Plan of Merger (JCS Realty Corp)

Right of Claimant to Bring Suit. If A claimant may bring suit ------------------------------- against the Corporation under Section (B)(1) of this Article only if the Corporation fails to pay in full within thirty days of its receipt of a written claim received by the Company from or on behalf of an indemnified party under this Article VIII is not paid in full by the Company within 90 days after such receipt, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if for payment hereunder. If successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claimclaim (including, but not limited to, attorneys' fees. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending an any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which that make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving providing such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Stock Purchase Agreement (Genvec Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Paragraph (a) of an indemnified party under this Article VIII X is not paid in full by the Company Corporation within 90 thirty (30) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where whether the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits board of directors, independent legal counsel, counsel or the Memberstockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits board of directors, independent legal counsel, counsel or the Memberstockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of or conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netsmart Technologies Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 1 of an indemnified party under this Article VIII SEVENTH is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bankrate, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 14.3(b) is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL Law for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Memberits Members) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLLaw, nor an actual determination by the Company (including the Board, independent legal counsel, or the Membershall be a members) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Operating Agreement (Conversion Labs, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 1 is not paid in full by the Company Corporation within 90 twenty (20) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful such suit is not frivolous or brought in whole or in partbad faith, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the Companythis Corporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Guaranty (Maxtor Corp)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 8.1 is not paid in full by the Company Corporation within 90 ninety (90) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful such suit is not frivolous or brought in whole or in partbad faith, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the Companythis Corporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the a claimant has not met the such applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netratings Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 1 of an indemnified party under this Article VIII hereof is not paid in full by the Company Corporation within 90 thirty (30) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the BoardBoard of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the BoardBoard of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Corporate Conversion Agreement (BGC Partners, Inc.)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 6.1 is not paid in full by the Company Corporation within 90 thirty (30) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, counsel or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, counsel or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Implementation and Stockholder Agreement (Blackrock Inc /Ny)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph A of an indemnified party under this Article VIII Section is not paid in full by the Company corporation within 90 thirty days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Companycorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Companycorporation. Neither the failure of the Company corporation (including the Boardits Board of Directors, stockholders or independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company corporation (including the Boardits Board of Directors, stockholders or independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Andrew Corp)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 3.1 of an indemnified party under this Article VIII is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, part the claimant shall also be entitled to be paid also the expense of prosecuting such claim. In any such action, the Company shall have the burden of proving that the Indemnitee was not entitled to the requested indemnification or payment of expenses under applicable law. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Delaware law for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable failed to meet such standard of conduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lilli Ann LLC)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII paragraph (a) above is not paid in full by the Company Corporation within 90 30 days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL BCL for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLBCL, nor an actual determination by the Company Corporation (including the Boardits board of directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Klever Marketing Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Paragraph A of an indemnified party under this Article VIII X is not paid in full by the Company corporation within 90 days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if claim. If successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such that claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the Companythis corporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation Law for the Company corporation to indemnify the claimant for the amount claimed. However, but the burden of proving such defense shall be on the Companycorporation. Neither the failure of the Company corporation (including the Boardits board of directors, independent legal counsel, counsel or the Memberits stockholders) to have made a determination prior to before the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company corporation (including the Boardits board of directors, independent legal counsel, counsel or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement of Merger (International Microcomputer Software Inc /Ca/)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 5.1 of an indemnified party under this Article VIII is not paid in full by the Company within 90 thirty days after such receipta written claim has been received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. In any such action, the Company shall have the burden of proving that the Indemnitee was not entitled to the requested indemnification or payment of expenses under applicable law. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Delaware law for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable failed to meet such standard of conduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Seafoods Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 8 is not paid in full by the Company within 90 ninety days after such receipt, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL Act for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, counsel or the MemberMembers) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLAct, nor an actual determination by the Company (including the Board, independent legal counsel, counsel or the MemberMembers) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (EXCO Partners GP, LLC)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under paragraph (a) of an indemnified party under this Article VIII Section is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law of the State of Delaware for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law of the State of Delaware, nor an actual determination by the Company Corporation (including the its Board, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.claimant

Appears in 1 contract

Samples: Agreement and Plan of Merger (Dekalb Genetics Corp)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 8.1 is not paid in full by the Company Corporation within 90 ninety (90) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the Companythis Corporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL Delaware General Corporation law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLDelaware General Corporation Law, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Merger Agreement (Cohen Phillip Ean)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 8.1 is not paid in full by the Company Corporation within 90 ninety (90) days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the CompanyCorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL General Corporation Law of Delaware for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLGeneral Corporation Law of Delaware, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Contribution (Imc Global Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf of an indemnified party under this Article VIII Section 8 is not paid in full by the Company within 90 ninety days after such receipt, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the DGCL Act for the Company to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Board, independent legal counsel, or the Member) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLAct, nor an actual determination by the Company (including the Board, independent legal counsel, or the Member) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Targa Resources Partners LP)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 8.1 of an indemnified party under this Article VIII is not paid in full by the Company corporation within 90 ninety (90) days after such receipta written claim has been received by the corporation, the claimant may at any time thereafter bring suit against the Company corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding Proceeding in advance of its final disposition where the required undertaking, if any is requiredany, has been tendered to the Companycorporation) that the claimant has not met the standards of conduct which make it permissible under the DGCL California General Corporation Law for the Company corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company corporation (including the Boardits board of directors, independent legal counsel, or the Memberits shareholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCLCalifornia General Corporation Law, nor an actual determination by the Company corporation (including the Boardits board of directors, independent legal counsel, or the Memberits shareholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

Appears in 1 contract

Samples: Loan and Security Agreement (Halozyme Therapeutics Inc)

Right of Claimant to Bring Suit. If a written claim received by the Company from or on behalf under Section 9.1 of an indemnified party under this Article VIII is not paid in full by the Company Corporation within 90 thirty days after such receipta written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Company Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall also be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, undertaking has been tendered to the CompanyCorporation) that the claimant has not met the standards failed to meet a standard of conduct which make makes it permissible under the DGCL Iowa law for the Company Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the CompanyCorporation. Neither the failure of the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits shareholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper permissible in the circumstances because he or she such person has met the applicable such standard of conduct set forth in the DGCLconduct, nor an actual determination by the Company Corporation (including the Boardits Board of Directors, independent legal counsel, or the Memberits shareholders) that the claimant has not met such applicable standard of conduct, nor the termination of any proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall be a defense to the action or create a presumption that the claimant has not met failed to meet the applicable required standard of conduct.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Media General Inc)

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