Common use of Directors and Officers Insurance Clause in Contracts

Directors and Officers Insurance. The Company (i) maintains directors’ and officers’ liability insurance and fiduciary liability insurance with, to the knowledge of the Company, financially sound and reputable insurance companies with benefits and levels of coverage that have been Previously Disclosed, (ii) has timely paid all premiums on such policies and (iii) there has been no lapse in coverage during the term of such policies.

Appears in 23 contracts

Samples: Stock Purchase Agreement (Atlantic Capital Bancshares, Inc.), Stock Purchase Agreement (Anchor Bancorp Wisconsin Inc), Secondary Sale Purchaser Agreement (Anchor Bancorp Wisconsin Inc)

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Directors and Officers Insurance. The Company (i) The Company maintains directors’ and officers’ liability insurance and fiduciary liability insurance with, to the knowledge of the Company’s Knowledge, financially sound and reputable insurance companies with benefits and levels of coverage that have been Previously Disclosed, the Company believes to be prudent and customary in the businesses and locations in which the Company and its Subsidiaries are engaged. (ii) the Company has timely paid all premiums on such policies and (iii) there has been no lapse in directors’ and officers’ liability insurance and fiduciary liability insurance coverage during the term of such policies.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Origin Bancorp, Inc.), Securities Purchase Agreement (Origin Bancorp, Inc.), Securities Purchase Agreement (Origin Bancorp, Inc.)

Directors and Officers Insurance. The Company (i) maintains directors’ and officers’ liability insurance and fiduciary liability insurance with, to the knowledge of the Company, with financially sound and reputable insurance companies with benefits and levels of coverage that have been Previously Disclosed, (ii) has timely paid all premiums on such policies and (iii) there has been no lapse in coverage during the term of such policies.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cascade Bancorp), Securities Purchase Agreement (Cascade Bancorp)

Directors and Officers Insurance. The Company (i1) maintains directors’ and officers’ liability insurance and fiduciary liability insurance with, to the knowledge of the Company, financially sound and reputable insurance companies with benefits and levels of coverage that have been Previously Disclosed, (ii2) has timely paid all premiums on such policies and (iii3) there has been no lapse in coverage during the term of such policies.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Mackinac Financial Corp /Mi/), Securities Purchase Agreement (Mackinac Financial Corp /Mi/)

Directors and Officers Insurance. The Company (i) maintains directors’ and officers’ liability insurance and fiduciary liability insurance with, to the knowledge of the Company, financially sound and reputable insurance companies with benefits and levels of coverage that have been Previously Disclosedset forth on Section 2.2(gg) of the Disclosure Schedule, (ii) has timely paid all premiums on such policies and (iii) there has been no lapse in coverage during the term of such policies.

Appears in 2 contracts

Samples: Stock Purchase Agreement (FJ Capital Management LLC), Stock Purchase Agreement (Centrue Financial Corp)

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Directors and Officers Insurance. The Company (i) The Company maintains directors’ and officers’ liability insurance and fiduciary liability insurance with, to the knowledge of the Company’s Knowledge, financially sound and reputable insurance companies with benefits and levels of coverage that have been Previously Disclosed, the Company believes to be prudent and customary in the businesses and locations in which the Company and its Subsidiaries are engaged. (ii) the Company has timely paid all premiums on such policies and (iii) there has been no lapse in directors’ and officers’ liability insurance and fiduciary liability insurance coverage during the term of such policies.. 3.2

Appears in 1 contract

Samples: Securities Purchase Agreement

Directors and Officers Insurance. The Company Corporation (i) maintains directors’ and officers’ liability insurance and fiduciary liability insurance with, to the knowledge of the CompanyCorporation, financially sound and reputable insurance companies with benefits and levels of coverage that have been Previously Disclosed, (ii) has timely paid all premiums on such policies and (iii) there has been no lapse in coverage during the term of such policies.

Appears in 1 contract

Samples: Investment Agreement (BNC Bancorp)

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