Document ID: 13536

Text:
(b) Timing of Determination of Eligibility for Indemnification. The Company shall use its reasonable best efforts to cause any determination required under Section4(a) to be made as promptly as practicable. If (i)the Reviewing Party shall not have made a determination within 30 days after the later of (A)receipt by the Company of written notice from Indemnitee advising the Company of the final disposition of the applicable Proceeding (the date of such notice being the Notification Date) and (B)the selection of Independent Counsel, if such determination is to be made by Independent Counsel, and (ii)Indemnitee shall have fulfilled all obligations set forth in Section4(a), then Indemnitee shall be deemed to have satisfied the applicable standard of conduct; provided that such 30-day period may be extended for a reasonable time, not to exceed an additional 30 days, if the Reviewing Party in good faith requires such additional time for the obtaining, evaluation, or documentation of information relating thereto.

Named Entities:

Tokenized Text:
(
b
)
Timing
of
Determination
of
Eligibility
for
Indemnification
.
The
Company
shall
use
its
reasonable
best
efforts
to
cause
any
determination
required
under
Section4
(
a
)
to
be
made
as
promptly
as
practicable
.
If
(
i
)
the
Reviewing
Party
shall
not
have
made
a
determination
within
30
days
after
the
later
of
(
A
)
receipt
by
the
Company
of
written
notice
from
Indemnitee
advising
the
Company
of
the
final
disposition
of
the
applicable
Proceeding
(
the
date
of
such
notice
being
the
Notification
Date
)
and
(
B
)
the
selection
of
Independent
Counsel
,
if
such
determination
is
to
be
made
by
Independent
Counsel
,
and
(
ii
)
Indemnitee
shall
have
fulfilled
all
obligations
set
forth
in
Section4
(
a
)
,
then
Indemnitee
shall
be
deemed
to
have
satisfied
the
applicable
standard
of
conduct
;
provided
that
such
30-day
period
may
be
extended
for
a
reasonable
time
,
not
to
exceed
an
additional
30
days
,
if
the
Reviewing
Party
in
good
faith
requires
such
additional
time
for
the
obtaining
,
evaluation
,
or
documentation
of
information
relating
thereto
.