Common use of Maintenance of Liability Insurance Clause in Contracts

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’ directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 44 contracts

Samples: Indemnification Agreement (AVRA Medical Robotics, Inc.), Indemnification Agreement (Nutrastar International Inc.), Indemnification Agreement (Terra Tech Corp.)

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Maintenance of Liability Insurance. (a) Subject to Section SECTION 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(bSECTION 9(B), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors' and officers' liability insurance (“D&O Insurance”) which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 17 contracts

Samples: Indemnification Agreement (China Shengda Packaging Group Inc.), Indemnification Agreement (China Valves Technology, Inc), Indemnification Agreement (China Valves Technology, Inc)

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the The Company hereby agrees that so long as Indemnitee shall continue to serve as a director or and/or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b13(b), shall use reasonable commercial its best efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 2 contracts

Samples: Indemnity Agreement (Pacific Community Banking Group), Indemnity Agreement (BSM Bancorp)

Maintenance of Liability Insurance. (a) Subject to Section 4 3 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b)8(b) below, shall use reasonable commercial efforts to obtain and maintain in full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 2 contracts

Samples: Indemnification Agreement (Dipexium Pharmaceuticals, LLC), Indemnification Agreement (Bohai Pharmaceuticals Group, Inc.)

Maintenance of Liability Insurance. (a) Subject to Section SECTION 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(bSECTION 9(B), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 2 contracts

Samples: Indemnification Agreement (Blue Holdings, Inc.), Indemnification Agreement (Ironclad Performance Wear Corp)

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors’ and officers’ liability insurance ("D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’ directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 2 contracts

Samples: Indemnification Agreement (Golden Elephant Glass Technology, Inc.), Indemnification Agreement (Golden Elephant Glass Technology, Inc.)

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company' directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 2 contracts

Samples: Indemnification Agreement (Terra Tech Corp.), Indemnification Agreement (China Shengda Packaging Group Inc.)

Maintenance of Liability Insurance. (a) Subject to Section SECTION 4 hereof, the Company hereby agrees that so long as the Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(bSECTION 9(B), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors' and officers' liability insurance (“D&O Insurance”) which provides the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if the Indemnitee is a director; or of the Company’s officers, if the Indemnitee is not a director of the Company but is an officer.

Appears in 2 contracts

Samples: Indemnification Agreement (China Security & Surveillance Technology, Inc.), Indemnification Agreement (China Security & Surveillance Technology, Inc.)

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the The Company hereby agrees that so long as the Indemnitee shall continue to serve as a director or and/or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(bB(b), shall use reasonable commercial its best efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") which provides the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if the Indemnitee is a director; or of the Company’s 's officers, if the Indemnitee is not a director of the Company but is an officer.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Pods Inc)

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Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial its best efforts to obtain and maintain in full force and effect directors' and officers' liability insurance (`D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 1 contract

Samples: Indemnification Agreement (Jalate LTD Inc)

Maintenance of Liability Insurance. (a) Subject to Section SECTION 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(bSECTION 9(B), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 1 contract

Samples: The Indemnification Agreement (Wonder Auto Technology, Inc)

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial its best efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 1 contract

Samples: Indemnification Agreement (Jalate LTD Inc)

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial its best efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 1 contract

Samples: Indemnification Agreement (Jalate LTD Inc)

Maintenance of Liability Insurance. (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company’s 's officers, if Indemnitee is not a director of the Company but is an officer.

Appears in 1 contract

Samples: Indemnification Agreement (Tarrant Apparel Group)

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