Common use of Continuing Coverage Clause in Contracts

Continuing Coverage. For six years after the Effective Time, the Surviving Corporation shall maintain in effect directors' and officers' liability insurance covering acts or omissions occurring prior to the Effective Time with respect to those persons who are currently covered by the Company's directors' and officers' liability insurance policy (a copy of which has been heretofore 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 200% of the annual premiums currently paid by the Company for such insurance; and provided, further, that, if the annual premiums of such insurance coverage 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, the Surviving Corporation 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 persons Indemnified Parties who are currently covered by the Company's ’s directors' ’ and officers' ’ liability insurance policy (a copy of which has been heretofore delivered made available 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 200250% of the annual premiums premium currently paid by the Company for such insurance; and provided, further, that, if the annual premiums premium of such insurance coverage exceed 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, the Surviving Corporation 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 persons Indemnified Parties who are currently covered by the Company's directors' and officers' liability insurance policy (a copy of which has been heretofore delivered made available 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 200250% of the annual premiums premium currently paid by the Company for such insurance; and provided, further, that, if the annual premiums premium of such insurance coverage exceed 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 six years after the Effective Time, the Surviving Corporation shall maintain in effect directors' ’ and officers' ’ liability insurance covering acts or omissions occurring prior to the Effective Time with respect to those persons who are currently covered by the Company's ’s directors' ’ and officers' ’ liability insurance policy (a copy of which has been heretofore delivered to Parent) (the "INDEMNIFIED PARTIES"“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 200% of the annual premiums currently paid by the Company for such insurance; and provided, further, that, if the annual premiums of such insurance coverage exceed such amount, Parent will be obligated to obtain a policy with the greatest coverage available for a cost not exceeding such amount.