Common use of Affirmative Covenant of the Company Clause in Contracts

Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Indemnification Agreement (Vicuron Pharmaceuticals Inc), Indemnification Agreement (Vicuron Pharmaceuticals Inc)

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Affirmative Covenant of the Company. The Company hereby covenants and ----------------------------------- agrees that, as long as the Indemnitee shall continue to serve as a director of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Indemnification Agreement (Virtual Mortgage Network Inc), Indemnification Agreement (Virtual Mortgage Network Inc)

Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 2 contracts

Samples: Indemnification & Liability (Procom Technology Inc), Indemnification Agreement (Communication Telesystems International)

Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director [director/officer] of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Ask Jeeves Inc)

Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director and/or officer of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnity Agreement (Meade Instruments Corp)

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Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a [director and/or officer] of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Luminent Mortgage Capital Inc)

Affirmative Covenant of the Company. The Company covenants and agrees that, as long as the Indemnitee shall continue to serve as a director of the Company and thereafter so long as the Indemnitee shall be subject to any possible Proceeding, the Company, subject to subsection 8.3 of this Agreement, shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Meade Instruments Corp)

Affirmative Covenant of the Company. The Company covenants and agrees that, as long as While the Indemnitee shall continue continues to serve as a director or officer of the Company and/or the Subsidiary, and thereafter so long as while the Indemnitee shall be is subject to any possible Proceeding, the Company, subject to subsection 8.3 8.2 of this Agreement, shall promptly obtain and the Company will maintain in full force and effect directors' and officers' liability insurance ("D&O Insurance") in reasonable amounts from established and reputable insurers.

Appears in 1 contract

Samples: Indemnification Agreement (Univision Communications Inc)

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