Common use of Maintenance of Liability Insurance Clause in Contracts

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 55 contracts

Samples: Indemnity Agreement (Skkynet Cloud Systems, Inc.), Indemnity Agreement (Skkynet Cloud Systems, Inc.), Indemnity Agreement (UEG-Green Energy Solutions/Alberta, Inc.)

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Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer an agent of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of the fact that the Indemnitee was an agent of the Company, the Company, subject to subsection (cSection 3(b), shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 18 contracts

Samples: Indemnity Agreement (Blum Holdings, Inc.), Indemnity Agreement (Blum Holdings, Inc.), Indemnity Agreement (Blum Holdings, Inc.)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a an officer or director and/or officer of the Company or any of its subsidiaries, and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of such service, the Company, subject to subsection (cSection 3(b), shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 17 contracts

Samples: Indemnity Agreement (Cadence Design Systems Inc), Indemnity Agreement (Cadence Design Systems Inc), Indemnity Agreement (Cadence Design Systems Inc)

Maintenance of Liability Insurance. (a) The Subject to Section 4 hereof, the Company hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a director and/or officer of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the Company, subject to subsection (cSection 9(B), shall promptly use reasonable commercial efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established which provides the Indemnitee the same rights and reputable insurersbenefits as are accorded to the most favorably insured of the Company’s directors.

Appears in 13 contracts

Samples: Form of Indemnification Agreement (Goldenway Financial Holdings LTD), Indemnification Agreement (China Information Technology, Inc.), Indemnification Agreement (Goldenway, Inc.)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer of the Company an Agent and thereafter as so long as the Indemnitee may shall be subject to any possible ProceedingProceeding by reason of the fact that the Indemnitee was an Agent, the Company, subject to subsection (cSection 3(c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") Insurance in reasonable amounts from established and reputable insurers.

Appears in 8 contracts

Samples: Indemnity Agreement (Ascential Software Corp), Indemnity Agreement (Ascential Software Corp), Indemnity Agreement (Informix Corp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a an officer or director and/or officer of the Company or any of its subsidiaries, and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of such service, the Company, subject to subsection (cSection 3(b), shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 7 contracts

Samples: Form of Indemnity Agreement (CalAmp Corp.), Indemnity Agreement (Cadence Design Systems Inc), Noncompetition Agreement (Cadence Design Systems Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) of this section, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 6 contracts

Samples: Indemnification Agreement (Armstrong Coal Company, Inc.), Indemnification Agreement (Armstrong Energy, Inc.), Indemnification Agreement (Peak Resorts Inc)

Maintenance of Liability Insurance. (a) The Subject to Section 4 hereof, the Company hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a director and/or or officer of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the Company, subject to subsection (cSection 9(B), shall promptly use reasonable commercial efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established which provides the Indemnitee the same rights and reputable insurersbenefits as are accorded to the most favorably insured of the Company’s officers or directors.

Appears in 4 contracts

Samples: Indemnification Agreement (One Horizon Group, Inc.), Indemnification Agreement (One Horizon Group, Inc.), Indemnification Agreement (One Horizon Group, Inc.)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or director, officer or key employee of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 4 contracts

Samples: Indemnification Agreement (Mod Pac Corp), Indemnification Agreement (Mod Pac Corp), Indemnification Agreement (Mod Pac Corp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer an agent of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of the fact that the Indemnitee was an agent of the Company, the Company, subject to subsection (cSection 3(c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 3 contracts

Samples: Indemnity Agreement (Imation Corp), Indemnity Agreement (Imation Corp), Indemnity Agreement (Aureal Semiconductor Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or or officer of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible ProceedingClaim, the CompanyCorporation, subject to subsection subparagraph (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 3 contracts

Samples: Indemnification Agreement (Volt Information Sciences, Inc.), Indemnification Agreement (Volt Information Sciences, Inc.), Indemnification Agreement (Volt Information Sciences, Inc.)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer an agent of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of the fact that the Indemnitee was an agent of the Company, the Company, subject to subsection (cSection 3(b), shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' director's and officers' officer's liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 3 contracts

Samples: Transition and Release Agreement (Cadence Design Systems Inc), Indemnity Agreement (Cadence Design Systems Inc), Indemnity Agreement (Cadence Design Systems Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or an officer of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) of this section, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurersinsurers reasonably acceptable to Indemnitee.

Appears in 3 contracts

Samples: Executive Employment Agreement (Peak Resorts Inc), Executive Employment Agreement (Peak Resorts Inc), Executive Employment Agreement (Peak Resorts Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company and/or any wholly owned subsidiary and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 3 contracts

Samples: Indemnification Agreement (American States Water Co), Indemnification Agreement (Golden State Water CO), Indemnification Agreement (Golden State Water CO)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a director and/or or officer of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the Company, subject to subsection (cSection 8(b), shall promptly use its best efforts to obtain and maintain in full force and effect directors' D&O Insurance which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors or officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers, as the case may be.

Appears in 2 contracts

Samples: Indemnification Agreement (Gateway Pacific Bancorp), Indemnification Agreement (Gateway Pacific Bancorp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as an officer or a director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)subparagraph 10(c) of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Indemnification Agreement (Pmi Group Inc), Indemnification Agreement (Pmi Group Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or director, officer or key employee of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Indemnification Agreement (Astronics Corp), Indemnification Agreement (Moog Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer [director] [and] [officer] of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Form of Indemnity Agreement (International Aircraft Investors), Form of Indemnity Agreement (Korn Ferry International)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer an Agent of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, Proceeding by reason of the fact that the Indemnitee was an Agent of the Company, subject the Company shall use reasonable efforts to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Indemnity Agreement (Chaparral Energy, Inc.), Indemnity Agreement (Chaparral Energy, Inc.)

Maintenance of Liability Insurance. (a) a. The Company Corporation hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a director and/or or officer of the Company Corporation and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the Company, subject to subsection (c), Corporation shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established under the following terms and reputable insurersconditions.

Appears in 2 contracts

Samples: Indemnification Agreement (Hemacare Corp /Ca/), Indemnification Agreement (Hemacare Corp /Ca/)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a an officer or director and/or officer of the Company Business Credit and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)Section 9(b) hereof, shall promptly use its best efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established which provides Indemnitee the same rights and reputable insurersbenefits as are accorded to the most favorably insured of the Corporation's officers or directors.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (Sterling West Bancorp), Form of Indemnification Agreement (Sterling West Bancorp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Indemnity Agreement (Presley Merger Sub Inc), Indemnity Agreement (William Lyon Homes)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer Director of the Company Corporation, and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directorsDirectors' and officersOfficers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Cass Information Systems Inc

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer Director of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directorsDirectors' and officersOfficers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Form of Indemnification Agreement (WSB Financial Group, Inc.)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company and/or any Subsidiary and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the LA:326232-v2 Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurersinsurers providing coverage.

Appears in 1 contract

Samples: Indemnification Agreement (Golden State Water CO)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues shall continue to serve as a an officer and/or director and/or officer of the Company Corporation and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Officers and Directors Indemnification Agreement (International Game Technology)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or or officer of the Company and thereafter as so long as the Indemnitee may be subject to any possible Proceedingwas an Agent of the Company, the Company, subject to subsection (cSection 3(b), shall promptly use its best efforts, consistent with prudent business practice, to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") of which the Indemnitee will be an insured, in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Procyte Corp /Wa/)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company and/or any Subsidiary and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurersinsurers providing coverage.

Appears in 1 contract

Samples: Indemnification Agreement (Golden State Water CO)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or an officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Stock Purchase Agreement (General Inspection Laboratories Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues shall continue to serve as a director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Ps Group Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer Director of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directorsDirectors' and officersOfficers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Veterinary Pet Services Inc

Maintenance of Liability Insurance. (a) a. The Company Corporation hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a director and/or or officer of the Company Corporation and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the Company, subject to subsection (c), Corporation shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established under the following terms and reputable insurersconditions.

Appears in 1 contract

Samples: Indemnification Agreement (Hemacare Corp /Ca/)

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Maintenance of Liability Insurance. (a) The Subject to Section 4 hereof, the Company hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a director and/or officer of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the Company, subject to subsection (cSection 9(b), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established which provides the Indemnitee the same rights and reputable insurersbenefits as are accorded to the most favorably insured of the Company’s directors.

Appears in 1 contract

Samples: Indemnification Agreement (JINHAO MOTOR Co)

Maintenance of Liability Insurance. (a) a. The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer of the Company an Agent and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of the fact that the Indemnitee was an Agent, the Company, subject to subsection (c)Section 3(b) hereof, shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (First Choice Bancorp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as an officer or a director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)subparagraph 10(c) of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Form of Director Indemnification Agreement (Ecal Corp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurersinsurers .

Appears in 1 contract

Samples: Indemnity Agreement (Dupont Direct Financial Holdings Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a an officer or director and/or officer of the Company or any of its subsidiaries, and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of such service, the Company, subject to subsection (cSection 3(b), shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Ambassadors Group Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of f icer of the Company and thereafter thereaf ter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' , liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Fidelity Holdings Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable ------------- amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Oak Technology Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer [{or} an officer] of the Company Corporation and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c)) of this section, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Employment Agreement (Spartech Corp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or an officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directorsDirectors' and officersOfficers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Penson Worldwide Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as that so long as the Indemnitee continues shall continue to serve as a an officer or director and/or officer of the Company or any of its subsidiaries, and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of such service, the Company, subject to subsection (cSection 3(b), shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Cadence Design Systems Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer AND/OR OFFICER of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Edison International Indemnity Agreement (Edison International)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer an agent of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of the fact that the Indemnitee was an agent of the Company, the Company, subject to subsection (cSection 3(b), shall promptly use reasonable efforts to obtain and maintain in full force and effect directors' director’s and officers' officer’s liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Cadence Design Systems Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Dupont Direct Financial Holdings Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer [director/officer] of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directorsDirectors' and officersOfficers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (QRS Corp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or officer off icer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) , shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Fidelity Holdings Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer an agent of the Company Corporation and thereafter as so long as the Indemnitee may shall be subject to any possible Proceedingproceeding by reason of the fact that the Indemnitee was an agent of the Corporation, the CompanyCorporation, subject to subsection (cSection 3(c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") ”), with reasonable coverage and in reasonable amounts amounts, from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Superior Industries International Inc)

Maintenance of Liability Insurance. (a) The Company Corporation hereby covenants and agrees that, as long as the Indemnitee continues shall continue to serve as a an officer and or director and/or officer of the Company Corporation and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, the CompanyCorporation, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Officers and Directors Indemnification Agreement (International Game Technology)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as so long as the Indemnitee continues shall continue to serve as a director and/or officer an agent of the Company and thereafter as so long as the Indemnitee may shall be subject to any possible Proceeding, proceeding by reason of the fact that the Indemnitee was an agent of the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.the

Appears in 1 contract

Samples: Indemnification Agreement (Kani Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or an officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: La Quinta Corporation Indemnity Agreement (La Quinta Properties Inc)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues shall continue to serve as a an officer or director and/or officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' director's and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Toyota Motor Credit Corp)

Maintenance of Liability Insurance. (a) The Company hereby covenants and agrees that, as long as the Indemnitee continues to serve as a director and/or an officer of the Company and thereafter as long as the Indemnitee may be subject to any possible Proceeding, the Company, subject to subsection (c)) below, shall promptly obtain and maintain in full force and effect directors' Directors’ and officers' Officers’ liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Penson Worldwide Inc)

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