Common use of Continuing Coverage Clause in Contracts

Continuing Coverage. For at least six years after the Effective Time, Parent shall maintain (or cause to be maintained) in effect directors' and officers' liability insurance covering acts or omissions occurring prior to the Effective Time with respect to those Indemnified Parties who are currently covered by the Company's directors' and officers' liability insurance policy (a copy of which has been heretofore made available to Parent) on terms with respect to such coverage and amount no less favorable than those of such current insurance coverage; provided, however, that in no event will Parent be required to expend in any one year an amount in excess of 250% of the annual premium currently paid by the Company for such insurance; and provided, further, that, if the annual premium of such insurance coverage exceeds such amount, Parent will be obligated to obtain a policy with the greatest coverage available for a cost not exceeding such amount.

Continuing Coverage. For at least six years after the Effective Time, Parent shall maintain (or cause to be maintained) in effect directors' ’ and officers' ’ liability insurance covering acts or omissions occurring prior to the Effective Time with respect to those Indemnified Parties who are currently covered by the Company's ’s directors' ’ and officers' ’ liability insurance policy (a copy of which has been heretofore made available to Parent) on terms with respect to such coverage and amount no less favorable than those of such current insurance coverage; provided, however, that in no event will Parent be required to expend in any one year an amount in excess of 250% of the annual premium currently paid by the Company for such insurance; and provided, further, that, if the annual premium of such insurance coverage exceeds such amount, Parent will be obligated to obtain a policy with the greatest coverage available for a cost not exceeding such amount.

Continuing Coverage. For at least six years after the Effective Time, Parent the Surviving Corporation shall maintain (or cause to be maintained) in effect directors' ’ and officers' ’ liability insurance covering acts or omissions occurring prior to the Effective Time with respect to those Indemnified Parties persons who are currently covered by the Company's ’s directors' ’ and officers' ’ liability insurance policy (a copy of which has been heretofore made available delivered to Parent) (the “Indemnified Parties”) on terms with respect to such coverage and amount no less favorable than those of such current insurance coverage; provided, however, that in no event will Parent be required to expend in any one year an amount in excess of 250200% of the annual premium premiums currently paid by the Company for such insurance; and provided, further, that, if the annual premium premiums of such insurance coverage exceeds exceed such amount, Parent will be obligated to obtain a policy with the greatest coverage available for a cost not exceeding such amount.

Continuing Coverage. For at least six years after the Effective Time, Parent the Surviving Corporation shall maintain (or cause to be maintained) in effect directors' and officers' liability insurance covering acts or omissions occurring prior to the Effective Time with respect to those Indemnified Parties persons who are currently covered by the Company's directors' and officers' liability insurance policy (a copy of which has been heretofore made available delivered to Parent) (the "INDEMNIFIED PARTIES") on terms with respect to such coverage and amount no less favorable than those of such current insurance coverage; provided, however, that in no event will Parent be required to expend in any one year an amount in excess of 250200% of the annual premium premiums currently paid by the Company for such insurance; and provided, further, that, if the annual premium premiums of such insurance coverage exceeds exceed such amount, Parent will be obligated to obtain a policy with the greatest coverage available for a cost not exceeding such amount.