Security Clause Example from Business Contracts

This example Security clause appears in 6 contracts from 4 companies

Security. To the extent requested by Indemnitee and approved by the Board of Directors of the Company, the Company may at any time and from time to time provide security to Indemnitee for the Company's obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of the Indemnitee. 7 12. Enforcement. (a) The Company expressly confirms and agrees that it has... entered into this Agreement and assumes the obligations imposed on it hereby in order to induce Indemnitee to serve as an officer or director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as an officer or director of the Company. (b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. View More
Found in Cetus Capital Acquisition Corp. contract
Stellaris Growth Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on June 7, 2021)

PHP Ventures Acquisition Corp. Contracts

Form of Indemnification Agreement (Filed With SEC on June 4, 2021)

Form of Indemnification Agreement (Filed With SEC on August 20, 2021)

Global Robotic Drone Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on March 16, 2022)

Cetus Capital Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on September 15, 2022)

Form of Indemnity Agreements, dated January 31, 2023, by and among the Company and each of the officers and directors of the Company (Filed With SEC on February 3, 2023)