Security Clause Example from Business Contracts

This example Security clause appears in 5 contracts from 5 companies

Security. To the extent requested by the 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 the 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 the Indemnitee, may not be revoked or released without the prior written consent of the Indemnitee.
ACTUATE CORP Contracts

INDEMNIFICATION AGREEMENT (Filed With SEC on November 10, 2014)