Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-indemnification-obligations.docx
memo-indemnification-obligations.docx
Parties
Harkness LLP
Dunmore Energy Holdings Ltd
Dunmore Trading International Ltd
Caspian Logistik GmbH
Associates LLP
Halcyon Corp
Meridian Services Inc
Wexford Keane LLP
Dates
May 5, 2022
April 19, 2022
June 10, 2022
May 16, 2022
January 1, 2019
November 15, 2019
April 6, 2022
April 11, 2022
April 21, 2022
September 14, 2020
Amounts
$3.4
$218.7
$12.4
$34.2
$2.5
$900,000
$1,100,000
$1,200,000
$1,400,000
$1,000,000
Obligations
1 provides, in relevant part: "The Company shall indemnify every Director, officer, and employee of the Company and of each subsidiary of the Company (each, an 'Indemnified Person') against all actions, proceedings, costs, charges, losses, damages, and expenses which such Indemnified Person may incur or sustain by reason of any act done, concurred in, or omitted in or about the execution of his or her duties in such capacity, or by reason of any matter or thing done or omitted in any way relating to or arising out of such capacity, provided always that this indemnity shall not extend to any matter in respect of any willful neglect, willful default, or fraud on the part of such Indemnified Person
2 addresses advancement specifically: "The Company shall advance to each Indemnified Person defense costs reasonably incurred in connection with any proceeding referred to in Article 168
1, as and when such costs are incurred, upon receipt by the Company of a written undertaking by or on behalf of such Indemnified Person to repay all amounts so advanced if it shall ultimately be determined that such Indemnified Person is not entitled to indemnification hereunder
CL-4827), we confirm that DTI's constitutional documents contain a cross-reference to the DEH Articles' indemnification provisions, stating that officers and employees of DTI shall be entitled to indemnification and advancement from the parent company in accordance with the provisions of the DEH Articles
2005) (holding that advancement is an "interim" remedy, distinct from indemnification, that the corporation must honor as a present obligation)
The Company must advance Hargrave's defense costs pending any future determination