Liability Insurance Clause Example with 26 Variations from Business Contracts

This page contains Liability Insurance clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, the Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for the Company's directors and officers. If the Company has such insurance in effect at the time the Company receives from Indemnitee any notice of the commencement of an action, suit or proceeding, the Company shall give prompt n...otice of the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy. View More
Found in New Fortress Energy LLC contract

Variations of a "Liability Insurance" Clause from Business Contracts

Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, the Indemnitee shall be covered by such policy or policies policies, in accordance with its or their terms terms, to the maximum extent of the coverage available for any director or officer of the Company or any of its subsidiaries, depending on the Indemnitee's position therewith, and the Company shall use commercially reasonable efforts to maintain such coverage in effect... in accordance with its terms. In all policies providing such insurance, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors officers and officers. If the Company has such insurance in effect at the time the Company receives from Indemnitee any notice of the commencement of an action, suit or proceeding, the directors. The Company shall give prompt notice of the commencement of such action, suit or proceeding any Proceeding to the insurers in accordance with the procedures set forth in the policy. The Company respective policies and shall thereafter take all necessary or desirable action actions to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding Proceeding in accordance with the terms of such policy. policies. View More
Found in 4 Contracts from 3 Companies
Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, the Indemnitee shall be covered by such policy or policies policies, in accordance with its or their terms terms, to the maximum extent of the coverage available for the Company's directors and officers. any Company director or officer. If the Company has such insurance in effect at the time the Company receives from Indemnitee any notice of the commencement of an action, s...uit suit, or proceeding, the Company shall give prompt notice of the commencement of such action, suit suit, or proceeding to the insurers in accordance with the procedures set forth in the applicable policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy. 7 11. Termination of Prior Agreements. This Agreement terminates and supersedes any prior agreements and understandings between the parties with respect to indemnification. View More
Found in Affirm Holdings, Inc. contract
Liability Insurance. To The Company shall use commercially reasonable efforts to maintain a policy or policies of insurance with reputable insurance companies providing directors and officers with coverage for any liability asserted by reason of the fact that they are serving as a director or officer or have agreed to serve as a director, officer, employee or agent of another enterprise, and, to the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, t...he Indemnitee shall be covered by such policy or policies policies, in accordance with its or their terms terms, to the maximum extent of the coverage available for the Company's directors and officers. any Company director or officer. If the Company has such insurance in effect at the time the Company receives from the Indemnitee any notice of the commencement of an action, suit or proceeding, the Company shall give prompt notice of the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy. View More
Found in 3 Contracts from 3 Companies
Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, the The Indemnitee shall be covered by such the Company's directors' and officers' liability insurance policy or policies in accordance with its or their terms to the maximum extent of the coverage available for the Company's directors and officers. If the Company has such insurance in effect at the time When the Company receives from Indemnitee any notice of the commenceme...nt of an action, suit suit, or proceeding, the Company shall give prompt notice of the commencement of such the action, suit suit, or proceeding to the insurers in accordance with the procedures set forth in of the policy. Company's directors' and officers' liability insurance policy or policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, pay on behalf of Indemnitee, Indemnitee all amounts payable as a result of such the proceeding in accordance with the terms of such policy. the policy or policies. View More
Found in Eagle Bancorp Montana, Inc. contract
Liability Insurance. To the extent the Company maintains an any insurance policy or policies providing directors' and officers' liability insurance, the Indemnitee shall be covered by such policy or policies policy, in accordance with its or their terms terms, to the maximum extent of the coverage available thereunder for the Company's directors and officers. any Company director or officer. If the Company has such insurance in effect at the time the Company receives from the Indemnitee any notice of the commencemen...t of an action, suit or proceeding, proceeding that is or may be subject to such insurance, the Company shall give prompt notice of the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such action, suit or proceeding in accordance with the terms of such policy. The Company shall promptly notify the Indemnitee of any termination, cancellation or non-renewal of any such policy. View More
Found in FCB FINANCIAL HOLDINGS, INC. contract
Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, the Indemnitee shall be covered by such the Company's directors' and officers' liability insurance policy or policies policies, in accordance with its or their terms terms, to the maximum extent of the coverage available for the Company's directors and officers. If the any Company has such insurance in effect at the time the Company receives from Indemnitee any director or ...officer. Upon Indemnitee's notice of the commencement of an action, suit suit, or proceeding, , the Company shall give prompt notice of the commencement of such action, suit suit, or proceeding to the insurers in accordance with the procedures set forth in the applicable policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy. View More
Found in CommVault Systems contract