Indemnification Coverage definition

Indemnification Coverage means any obligation of any kind to provide a Person with any sort of financial protection against loss, damage or liability (whether actual or potential).
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Examples of Indemnification Coverage in a sentence

  • If ITEM 5 of the Declarations indicates that coverage for Supplemental Personal Indemnification Coverage has been purchased, and if the Liability Coverage Limit of Liability under this Liability Coverage or a Liability Coverage Shared Limit of Liability, if applicable, has been exhausted, the Company will provide the Insured Persons with an additional Supplemental Personal Indemnification Limit of Liability under Insuring Agreement A.

  • Notwithstanding the forgoing or any other provision of this Agreement to the contrary, COAC and the Operations Executives shall be entitled to the benefits and protections of any Corporate/Business Insurance maintained by Talecris or its Affiliates and Indemnification Coverage to the extent that such policies and benefits cover independent contractors to Talecris or its Affiliates.

  • Notwithstanding the forgoing or any other provision of this Agreement to the contrary, COAC and the Operations Executives shall be entitled to the benefits and protections of any Corporate/Business Insurance maintained by DynCorp or its Affiliates and Indemnification Coverage to the extent that such policies and benefits cover independent contractors to DynCorp or its Affiliates.

  • INDEMNIFICATION SECTION 8.1. Survival 53 SECTION 8.2. Indemnification Coverage 54 SECTION 8.3. Procedures 59 SECTION 8.4. Remedy 59 SECTION 8.5. Limitation on Claims SECTION 8.6. Release of Directors 60 ARTICLE IX.

  • Side B - Company Indemnification Coverage The board of a bank invests in a bond issue of a local municipality.

Related to Indemnification Coverage

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

  • Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.