Subrogation Clause Example with 7 Variations from Business Contracts

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. The parties have executed this Agreement as of the date first set forth above. Asta Funding, Inc. By: /s/ Gary Stern Name: Gary Stern Title: Chairman and Chief E...xecutive Officer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 Fax: (201) 683-5612 /s/ Seth Berman Seth Berman Chief Compliance Officer, General Counsel and Secretary Steven Leidenfrost Name: Steven Leidenfrost Address: c/o Asta Funding, Inc. 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.25 3 ex_125270.htm Fax: (201) 683-5612 EX-10.1 2 ex_157869.htm EXHIBIT 10.25 ex_125270.htm 10.1 ex_157869.htm Exhibit 10.25 10.1 ASTA FUNDING, INC. Indemnification Agreement This Indemnification Agreement (this "Agreement") is made as of entered into September 11, 2017, 13, 2019 and effective September 23, 2019, by and between Asta Funding, Inc., a Delaware corporation (the "Company"), and Seth Berman Steven Leidenfrost ("Indemnitee"). RECITALS WHEREAS, the Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law; WHEREAS, pursuant to the Certificate of Incorporation and Bylaws of the Company, it is obligated to indemnify the Indemnitee to the fullest extent permitted by Delaware law; WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and the Bylaws of the Company, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; WHEREAS, each of the Company and the Indemnitee desire to set forth certain indemnification rights and obligations in more details as is set forth herein in order to induce the Indemnity to continue his service to the Company free from undue concern that Indemnitee will not be so indemnified. AGREEMENT In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 1. Indemnification. View More

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. The parties have executed this Agreement as of the date first set forth above. Asta Funding, Inc. By: /s/ Gary Stern Gary Stern Chairman and Chief Executive Offi...cer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 Fax: (201) 683-5612 /s/ Seth Berman Seth Berman Chief Compliance Officer, General Counsel and Secretary Timothy H. Bishop Timothy H. Bishop Director Address: c/o Asta Funding, Inc. 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.25 3 ex_125270.htm Fax: (201) 683-5612 EX-10.1 2 ex_118423.htm EXHIBIT 10.25 ex_125270.htm 10.1 ex_118423.htm Exhibit 10.25 10.1 ASTA FUNDING, INC. Indemnification Agreement This Indemnification Agreement (this "Agreement") is made as of September 11, 2017, July 24, 2018, by and between Asta Funding, Inc., a Delaware corporation (the "Company"), and Seth Berman Timothy H. Bishop ("Indemnitee"). RECITALS WHEREAS, the Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law; WHEREAS, pursuant to the Certificate of Incorporation and Bylaws of the Company, it is obligated to indemnify the Indemnitee to the fullest extent permitted by Delaware law; WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and the Bylaws of the Company, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; WHEREAS, each of the Company and the Indemnitee desire to set forth certain indemnification rights and obligations in more details as is set forth herein in order to induce the Indemnity to continue his service to the Company free from undue concern that Indemnitee will not be so indemnified. AGREEMENT In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 1. Indemnification. View More

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. The parties have executed this Agreement as of the date first set forth above. Asta Funding, Inc. By: /s/ Gary Stern Gary Stern Chairman and Chief Executive Offi...cer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 Fax: (201) 683-5612 /s/ Seth Berman Seth Berman Chief Compliance Officer, General Counsel and Secretary Louis A. Piccolo Louis A. Piccolo Director Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.25 3 ex_125270.htm EX-10.27 5 ex_125272.htm EXHIBIT 10.25 ex_125270.htm 10.27 ex_125272.htm Exhibit 10.25 10.27 ASTA FUNDING, INC. Indemnification Agreement This Indemnification Agreement (this "Agreement") is made as of September 11, 2017, by and between Asta Funding, Inc., a Delaware corporation (the "Company"), and Seth Berman Louis A. Piccolo ("Indemnitee"). RECITALS WHEREAS, the Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law; WHEREAS, pursuant to the Certificate of Incorporation and Bylaws of the Company, it is obligated to indemnify the Indemnitee to the fullest extent permitted by Delaware law; WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and the Bylaws of the Company, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; WHEREAS, each of the Company and the Indemnitee desire to set forth certain indemnification rights and obligations in more details as is set forth herein in order to induce the Indemnity to continue his service to the Company free from undue concern that Indemnitee will not be so indemnified. AGREEMENT In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 1. Indemnification. View More

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. The parties have executed this Agreement as of the date first set forth above. Asta Funding, Inc. By: /s/ Gary Stern Gary Stern Chairman and Chief Executive Offi...cer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 Fax: (201) 683-5612 /s/ Seth Berman Seth Berman Bruce Foster Bruce Foster Chief Compliance Officer, General Counsel and Secretary Financial Officer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.25 3 ex_125270.htm Fax: (201) 308-9278 EX-10.24 2 ex_125269.htm EXHIBIT 10.25 ex_125270.htm 10.24 ex_125269.htm Exhibit 10.25 10.24 ASTA FUNDING, INC. Indemnification Agreement This Indemnification Agreement (this "Agreement") is made as of September 11, 2017, by and between Asta Funding, Inc., a Delaware corporation (the "Company"), and Seth Berman Bruce Foster ("Indemnitee"). RECITALS WHEREAS, the Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law; WHEREAS, pursuant to the Certificate of Incorporation and Bylaws of the Company, it is obligated to indemnify the Indemnitee to the fullest extent permitted by Delaware law; WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and the Bylaws of the Company, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; WHEREAS, each of the Company and the Indemnitee desire to set forth certain indemnification rights and obligations in more details as is set forth herein in order to induce the Indemnity to continue his service to the Company free from undue concern that Indemnitee will not be so indemnified. AGREEMENT In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 1. Indemnification. View More

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. The parties have executed this Agreement as of the date first set forth above. Asta Funding, Inc. By: /s/ Gary Stern Gary Stern Chairman and Chief Executive Offi...cer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 Fax: (201) 683-5612 /s/ Seth Berman Seth Berman Chief Compliance Officer, General Counsel and Secretary David Slackman David Slackman Director Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.25 3 ex_125270.htm EX-10.28 6 ex_125273.htm EXHIBIT 10.25 ex_125270.htm 10.28 ex_125273.htm Exhibit 10.25 10.28 ASTA FUNDING, INC. Indemnification Agreement This Indemnification Agreement (this "Agreement") is made as of September 11, 2017, by and between Asta Funding, Inc., a Delaware corporation (the "Company"), and Seth Berman David Slackman ("Indemnitee"). RECITALS WHEREAS, the Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law; WHEREAS, pursuant to the Certificate of Incorporation and Bylaws of the Company, it is obligated to indemnify the Indemnitee to the fullest extent permitted by Delaware law; WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and the Bylaws of the Company, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; WHEREAS, each of the Company and the Indemnitee desire to set forth certain indemnification rights and obligations in more details as is set forth herein in order to induce the Indemnity to continue his service to the Company free from undue concern that Indemnitee will not be so indemnified. AGREEMENT In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 1. Indemnification. View More

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. The parties have executed this Agreement as of the date first set forth above. Asta Funding, Inc. By: /s/ Gary Stern Gary Stern Chairman and Chief Executive Offi...cer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 Fax: (201) 683-5612 /s/ Seth Berman Seth Berman Chief Compliance Officer, General Counsel and Secretary Mark Levenfus Mark Levenfus Director Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.25 3 ex_125270.htm EX-10.26 4 ex_125271.htm EXHIBIT 10.25 ex_125270.htm 10.26 ex_125271.htm Exhibit 10.25 10.26 ASTA FUNDING, INC. Indemnification Agreement This Indemnification Agreement (this "Agreement") is made as of September 11, 2017, by and between Asta Funding, Inc., a Delaware corporation (the "Company"), and Seth Berman Mark Levenfus ("Indemnitee"). RECITALS WHEREAS, the Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law; WHEREAS, pursuant to the Certificate of Incorporation and Bylaws of the Company, it is obligated to indemnify the Indemnitee to the fullest extent permitted by Delaware law; WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and the Bylaws of the Company, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; WHEREAS, each of the Company and the Indemnitee desire to set forth certain indemnification rights and obligations in more details as is set forth herein in order to induce the Indemnity to continue his service to the Company free from undue concern that Indemnitee will not be so indemnified. AGREEMENT In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 1. Indemnification. View More

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. The parties have executed this Agreement as of the date first set forth above. Asta Funding, Inc. By: /s/ Gary Stern Gary Stern Chairman and Chief Executive Offi...cer Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 Fax: (201) 683-5612 /s/ Seth Berman Seth Berman Chief Compliance Officer, General Counsel and Secretary Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.25 3 ex_125270.htm Fax: (201) 683-5612 /s/ Ricky Stern Ricky Stern Senior Vice President Address: 210 Sylvan Ave. Englewood Cliffs, New Jersey 07632 EX-10.29 7 ex_125274.htm EXHIBIT 10.25 ex_125270.htm 10.29 ex_125274.htm Exhibit 10.25 10.29 ASTA FUNDING, INC. Indemnification Agreement This Indemnification Agreement (this "Agreement") is made as of September 11, 2017, by and between Asta Funding, Inc., a Delaware corporation (the "Company"), and Seth Berman Ricky Stern ("Indemnitee"). RECITALS WHEREAS, the Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law; WHEREAS, pursuant to the Certificate of Incorporation and Bylaws of the Company, it is obligated to indemnify the Indemnitee to the fullest extent permitted by Delaware law; WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and the Bylaws of the Company, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; WHEREAS, each of the Company and the Indemnitee desire to set forth certain indemnification rights and obligations in more details as is set forth herein in order to induce the Indemnity to continue his service to the Company free from undue concern that Indemnitee will not be so indemnified. AGREEMENT In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 1. Indemnification. View More