Indemnitee may have certain rights to indemnification and/or insurance provided by other entities and/or organizations which Indemnitee and such other entities and/or organizations intend to be secondary to the primary obligation of the Company to indemnify Indemnitee as provided herein, with the Companys acknowledgement and agreement to the foregoing being a material condition to Indemnitees willingness to serve on the Board.
Indemnitee does not regard the protection available under the s Bylaws and Certificate of Incorporation and insurance as adequate in the present circumstances, and may not be willing to serve as an officer or director without adequate protection, and the desires Indemnitee to serve in such capacity. Indemnitee is willing to serve, continue to serve, and to take on additional service for or on behalf of the on the condition that he or she be so indemnified; and H. Indemnitee may have certain rights to indemnification and/orand insurance provided by other entities and/or organizations which Indemnitee and such other entities and/orand organizations intend to be secondary to the primary obligation of the Company to indemnify Indemnitee as provided herein,in this Agreement, with the Companys acknowledgement and agreement to the foregoing being a material condition to Indemnitees willingness to serve on the Board.
[WHEREAS, Indemnitee may haveis a representative of [●] [and its affiliated investment funds] (the Fund), and has certain rights to indemnification and/or insurance provided by other entities and/or organizationsthe Fund which Indemnitee and such other entities and/or organizationsthe Fund intend to be secondary to the primary obligation of the Company to indemnify Indemnitee as provided herein, with the Companys acknowledgement and agreement to the foregoing being a material condition to Indemnitees willingness to serve on the Board.Board;]1
The Company hereby acknowledges that Indemnitee has or may have in the future certain rights to indemnificationindemnification, advancement of expenses and/or insurance provided by other entities and/or organizations which(collectively, the Secondary Indemnitors). The Company hereby agrees # that it is the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and such other entities and/or organizations intend to be secondary to the primaryany obligation of the CompanySecondary Indemnitors to indemnifyadvance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee as provided herein, withare secondary), # that it shall be required to advance the Companys acknowledgement and agreement to the foregoing being a material condition to Indemnitees willingness to serve on the Board.full amount of expenses incurred by
The acknowledges that Indemnitee has or may have in the future certain rights to indemnification and/indemnification, advancement of expenses, or insurance provided by other entities and/or organizations which(collectively, the Secondary Indemnitors). The agrees that # it is the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and such other entities and/or organizations intend to be secondary to the primaryany obligation of the CompanySecondary Indemnitors to indemnifyadvance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee as provided herein, withare secondary), # it will be required to advance the Companys acknowledgementfull amount of expenses incurred by Indemnitee and agreementwill be liable for the full amount of all Expenses, judgments, penalties, fines, and amounts paid in settlement to the foregoing being a material conditionextent legally permitted and as required by the terms of this Agreement, the s Certificate of Incorporation or Bylaws (or any other agreement between the and Indemnitee), without regard to Indemnitees willingness to serve on the Board.any rights
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