Security Clause Example from Business Contracts

This example Security clause appears in 3 contracts from 2 companies

Security. To the extent requested by Indemnitee and approved by the Board, the Company shall 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 Indemnitee.
RTI SURGICAL, INC. Contracts

INDEMNIFICATION AGREEMENT (Filed With SEC on May 4, 2016)

INDEMNIFICATION AGREEMENT (Filed With SEC on July 19, 2013)