Common use of Liability Insurance and Funding Clause in Contracts

Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including without limitation a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 6 contracts

Samples: O Indemnification Agreement (Netgenics Inc), Indemnification Agreement (Technical Consumer Products Inc), O Indemnification Agreement (Athersys Inc /Oh)

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Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including without limitation a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 2 contracts

Samples: Consulting Contract (CelLynx Group, Inc.), Director Indemnification Agreement (Albertsons Inc /De/)

Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including without limitation a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 2 contracts

Samples: Indemnification Agreement (SoftBrands, Inc.), Director and Officer Indemnification Agreement (First Solar, Inc.)

Liability Insurance and Funding. To the extent the The Company maintains will maintain an insurance policy or policies providing directors' and officers' liability insurance, insurance and Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available provided for any officer or director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including without limitation a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses Expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Director Indemnification Agreement (InfoLogix Inc)

Liability Insurance and Funding. To the extent the Company maintains an ------------------------------- insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including without limitation a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (MTC Technologies Inc)

Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer of the Companyofficer. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, means (including without limitation a letter of credit, ) to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Pillowtex Corp)

Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including including, without limitation limitation, a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Laidlaw One Inc)

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Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer of the Companyofficer. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, means (including without limitation a letter of credit, ) to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (JPS Industries Inc)

Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including including, without limitation limitation, a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Washington Group International Inc)

Liability Insurance and Funding. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. The Company may, but will not be required to, create a trust fund, grant a security interest or use other means, including without limitation a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Officer Indemnification Agreement (New Albertsons INC)

Liability Insurance and Funding. To the extent the Company Corporation ------------------------------- maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee will be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Corporation director or officer of the Companyofficer. The Company Corporation may, but will not be required to, create a trust fund, grant a security interest or use other means, means (including without limitation a letter of credit, ) to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Greenmountain Com Co)

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