Insurance and Subrogation. (a) If, at the time the Company receives notice of a claim hereunder, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement.
Appears in 28 contracts
Samples: Form of Indemnification Agreement (Credo Technology Group Holding LTD), Form of Indemnification Agreement (Onion Global LTD), Form of Indemnification Agreement (Reynolds Consumer Products Inc.)
Insurance and Subrogation. (a) If, at the time the Company receives notice of a claim hereunder, the Company has director and officer liability insurance D&O Liability Insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement.
Appears in 20 contracts
Samples: Form of Indemnification Agreement (Lobo Ev Technologies LTD), Indemnification Agreement (CASI Pharmaceuticals Holdings, Inc.), Form of Indemnification Agreement (Youdao, Inc.)
Insurance and Subrogation. (a) If, at the time Upon receipt by the Company receives of any notice of a claim hereunder, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement.
Appears in 1 contract
Samples: Form of Indemnification Agreement (iKang Healthcare Group, Inc.)
