Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.
Appears in 2 contracts
Samples: Form of Indemnity Agreement (Procom Technology Inc), Indemnity Agreement (Communication Telesystems International)
Affirmative Covenant of the Company. The Company hereby covenants and ----------------------------------- agrees that, as long as the Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.
Appears in 2 contracts
Samples: Indemnity Agreement (Virtual Mortgage Network Inc), Indemnity Agreement (Virtual Mortgage Network Inc)
Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' ’ and officers' ’ liability insurance ("“D&O Insurance"”) in reasonable amounts from established and reputable insurers.
Appears in 2 contracts
Samples: Indemnity Agreement (Vicuron Pharmaceuticals Inc), Indemnity Agreement (Vicuron Pharmaceuticals Inc)
Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a [director or officer and/or officer] of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.
Appears in 1 contract
Samples: Indemnity Agreement (Luminent Mortgage Capital Inc)
Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.
Appears in 1 contract
Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director or officer [director/officer] of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.
Appears in 1 contract
Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director or and/or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.
Appears in 1 contract
Affirmative Covenant of the Company. The Company covenants and agrees that, as long as While the Indemnitee shall continue continues to serve as a director or officer of the Company and/or the Subsidiary, and thereafter so long as while the Indemnitee shall be is subject to any possible Proceeding, the Company, subject to subsection 8.3 8.2 of this Agreement, shall promptly obtain and the Company will maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.
Appears in 1 contract
Samples: Indemnification Agreement (Univision Communications Inc)