Director and Officer Insurance. The Company will use its commercially reasonable best efforts to maintain in full force and effect director and officer liability insurance for no less than the amount of three million dollars ($3,000,000) in coverage, or such other amount as approved by the Board (including the affirmative vote of one of the representatives elected by the holders of Preferred Stock), with terms and policy limits approved by the Board.
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Samples: Investor Rights Agreement (Inozyme Pharma, Inc.), Investor Rights Agreement (Inozyme Pharma, Inc.), Investor Rights Agreement (Inozyme Pharma, Inc.)
Director and Officer Insurance. The Company will use its commercially reasonable best efforts to maintain in full force and effect director and officer liability insurance for no less than in the amount of three million dollars (at least $3,000,000) in coverage, 3 Million or other such other amount as approved by the Board (including the affirmative vote of one of the representatives elected by the holders of Preferred Stock), with terms and policy limits may be approved by the Board, including the approval by at least one Preferred Director (as defined in the Restated Certificate).
Appears in 2 contracts
Samples: Investors’ Rights Agreement (10X Genomics, Inc.), Investors’ Rights Agreement (10x Genomics, Inc.)
Director and Officer Insurance. The Company will use its commercially reasonable best efforts to obtain and maintain in full force and effect director and officer liability insurance for no less than in the amount of three million dollars ($3,000,000) in coverage, or such other amount as approved by the Board (including the affirmative vote of one of the representatives elected by the holders of Preferred Stock), with terms and policy limits approved by the Board.
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