Liability Insurance Clause Example with 41 Variations from Business Contracts

Liability Insurance. For the duration of Indemnitee's service as a director or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to continue to maintain in effect policies of directors' and officers' liability insurance providing coverage that is at least substantially comparable in ...scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' liability insurance maintained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, or of the Company's officers, if Indemnitee is an officer (and not a director) by such policy. Upon request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. 10 15. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to Indemnitee in respect of any Losses to the extent Indemnitee has otherwise received payment under any insurance policy, the Constituent Documents, Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder. Notwithstanding the foregoing, the Company hereby acknowledges that Indemnitee may have rights to indemnification for Losses provided by a sponsor, investment fund, or related entity ("Other Indemnitor(s)"). The Company agrees with Indemnitee that the Company is the indemnitor of first resort of Indemnitee with respect to matters for which indemnification is provided under this Agreement and that the Company will be obligated to make all payments due to or for the benefit of Indemnitee under this Agreement without regard to any rights that Indemnitee may have against the Other Indemnitor(s). The Company hereby waives any equitable rights to contribution or indemnification from the Other Indemnitor in respect of any amounts paid to Indemnitee hereunder. The Company further agrees that no payment of Expenses or Losses by the Other Indemnitor to or for the benefit of Indemnitee shall affect the obligations of the Company hereunder, and that the Company shall be obligated to repay the Other Indemnitor for all amounts so paid or reimbursed to the extent that the Company has an obligation to indemnify Indemnitee for such Expenses or Losses hereunder. View More

Liability Insurance. For the duration of Indemnitee's service as a director or officer director/officer of the Company, Corporation, and thereafter for so long as Indemnitee shall may be subject to any pending Claim Proceeding relating to an Indemnifiable Event, the Company shall Corporation must use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to continue to maintain in effect policies of directors' and officers' liability insurance pr...oviding coverage that is at least substantially comparable in scope and amount to that provided by the Company's Corporation's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' liability insurance maintained by the Company, policies. Indemnitee shall be named as an insured in all the directors' and officers' liability insurance policies maintained by the Corporation in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's Corporation's directors, if Indemnitee is a director, or of the Company's Corporation's officers, if Indemnitee is an officer (and not a director) by such policy. Upon request, the Company will Corporation must provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. 8 15. No Duplication of Payments. The Corporation will not be liable under this Agreement to make any payment to Indemnitee in respect of any Losses to the extent Indemnitee has otherwise received payment under any insurance policy, any of the Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Corporation hereunder. View More

Liability Insurance. For the duration of Indemnitee's service as a director or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, the Company shall use commercially reasonable best efforts (taking into account the scope and amount of coverage available relative to the cost thereof) continue to maintain in effect policies of directors' and officers' liability insurance D&O Insurance providing coverage that is at least substantiall...y comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. D&O Insurance. In all policies of directors' and officers' liability insurance D&O Insurance maintained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, or of the Company's officers, if Indemnitee is an officer (and not a director) by such policy. directors. Upon request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance D&O Insurance applications, binders, policies, declarations, endorsements and other related materials. View More

Liability Insurance. For the duration of Indemnitee's service as a director or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any 14 pending Claim relating to an Indemnifiable Event, the Company shall use commercially reasonable best efforts (taking into account the scope and amount of coverage available relative to the cost thereof) continue to maintain in effect policies of directors' and officers' liability insurance D&O Insurance providing coverage that is at least substanti...ally comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. D&O Insurance. In all policies of directors' and officers' liability insurance D&O Insurance maintained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, or of the Company's officers, if Indemnitee is an officer (and not a director) by such policy. director and officers. Upon request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance D&O Insurance applications, binders, policies, declarations, endorsements and other related materials. View More

Liability Insurance. For the duration of Indemnitee's service as a director or officer or other agent of the Company, and thereafter for so long as Indemnitee shall be subject to any pending or possible Claim relating to an by reason of any Indemnifiable Event, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to maintain cause to be maintained in effect policies of directors' and officers' liability insurance providing... coverage for directors and officers of the Company that is are at least substantially comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' To the extent the Company maintains liability insurance maintained by the Company, 6 applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be named as an insured covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, director; or of the Company's officers, if Indemnitee is not a director of the Company but is an officer; or of the Company's key employees, agents or fiduciaries, if Indemnitee is not an officer (and not or director but is a director) by such policy. Upon request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. key employee, agent or fiduciary. View More

Liability Insurance. For the duration of Indemnitee's service as a director or officer or other agent of the Company, and thereafter for so long as Indemnitee shall be subject to any pending or possible Claim relating to an by reason of any Indemnifiable Event, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to maintain cause to be maintained in effect policies of directors' and officers' liability insurance providing... coverage for directors and officers of the Company that is are at least substantially comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' To the extent the Company maintains liability insurance maintained by the Company, applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be named as an insured covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, director; or of the Company's officers, if Indemnitee is not a director of the Company but is an officer; or of the Company's key employees, agents or fiduciaries, if Indemnitee is not an officer (and not or director but is a director) by such policy. Upon request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. key employee, agent or fiduciary. View More

Liability Insurance. For During the duration Term of Indemnitee's service as a director or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, this Agreement, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to continue to maintain in effect policies of directors' and officers' liability insurance providing coverage that is at least ...substantially comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' liability insurance maintained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits Indemnification Agreement | 12 as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, or of the Company's officers, if Indemnitee is an officer (and not a director) by such policy. Upon request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. Notwithstanding the above, nothing herein shall prevent the Company from procuring individual policies of directors' and officers' liability insurance for one or more directors and officers on a case by case basis as may be approved by a majority of the directors then in office, it being understood and agreed that the procurement of individual policies of directors' and officers' liability insurance for one or more directors shall not require the Company to procure such individual directors' and officers' liability insurance for the Indemnitee and that the Indemnitee shall have no right to have the Company procure for his or her benefit any such individual directors' and officer's liability insurance. View More

Liability Insurance. For During the duration Term of Indemnitee's service as a director or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, this Agreement, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to continue to maintain in effect policies of directors' and officers' liability insurance providing coverage that is at least ...substantially comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' liability insurance maintained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, or of the Company's officers, if Indemnitee is an officer (and not a director) by such policy. Upon request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. Notwithstanding the above, nothing herein shall prevent the Company from procuring individual policies of diretors' and officers' liability insurance for one or more directors and officers on a case by case basis as may be approved by a majority of the directors then in office, it being understood and agreed that the procurement of individual policies of directors' and officers' liability insurance for one or more directors shall not require the Company to procure such individual directors' and officers' liability insurance for the Indemitee and that the Indemnitee shall have no right to have the Company procure for his or her benefit any such individual directors' and officer's liability insurance. View More

Liability Insurance. For the duration of Indemnitee's service as a director or officer director/officer of the Company, Corporation, and thereafter for so long as Indemnitee shall may be subject to any pending Claim Proceeding relating to an Indemnifiable Event, the Company shall Corporation must use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to continue to maintain in effect policies of directors' and officers' liability insurance pr...oviding coverage that is at least substantially comparable in scope and amount to that provided by the Company's Corporation's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' liability insurance maintained by the Company, policies. Indemnitee shall be named as an insured in all the directors' and officers' liability insurance policies maintained by the Corporation in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's Corporation's directors, if Indemnitee is a director, or of the Company's Corporation's officers, if Indemnitee is an officer (and not a director) by such policy. Upon request, the Company will Corporation must provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. View More

Liability Insurance. For the duration of Indemnitee's service as a director or officer [director/officer] of the Company, and thereafter for so long as Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to continue to maintain in effect policies of directors' and officers' liability insurance providing coverage that is at least substanti...ally comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. In all policies of directors' and officers' liability insurance maintained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director, or of the Company's officers, if Indemnitee is an officer (and not a director) by such policy. Upon request, Notwithstanding the foregoing, the Company will shall have no obligation to obtain or maintain such insurance if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide to an insufficient benefit, or if Indemnitee copies is covered by similar insurance maintained by a parent or subsidiary of all directors' and officers' liability insurance applications, binders, policies, declarations, endorsements and other related materials. the Company. View More