Common use of Director and Officer Indemnification and Insurance Clause in Contracts

Director and Officer Indemnification and Insurance. (a) The Purchaser agrees that all rights to indemnification, advancement of expenses and exculpation by the Acquired Companies now existing in favor of each Person who is now, or has been at any time prior to the date hereof or who becomes prior to the Closing Date, an officer or director of the Acquired Companies, as provided in the Charter Documents of the Acquired Companies, in each case existing on the date of this Agreement for the period prior to and ending upon the Closing, shall survive the Closing Date and shall continue in full force and effect in accordance with their respective terms.

Director and Officer Indemnification and Insurance. (a) The Purchaser Buyer agrees that all rights to indemnification, advancement of expenses and exculpation by the Acquired Companies Company now existing in favor of each Person who is nowof Jxxxx Xxxxxx and Jxxx Xxxxxx (collectively, or has been at any time prior to “Seller Prior Board Members”), in their capacity as directors of the date hereof or who becomes board of directors of the Company prior to the Closing Date, an officer or director of the Acquired Companies, as provided in the Charter Documents Governing Instruments of the Acquired CompaniesCompany, in each case existing as in effect on the date of this Agreement for Agreement, or pursuant to any other agreements in effect on the period prior to and ending upon the Closingdate hereof, shall survive the Closing Date and shall continue in full force and effect in accordance with their respective terms.

Director and Officer Indemnification and Insurance. (a) The Purchaser Buyer agrees that that, subject to Section 5.9, all rights to indemnification, advancement of expenses and exculpation by the Acquired Companies Company now existing in favor of each Person who is now, or has been at any time prior to the date hereof or who becomes prior to the Closing Date, an officer or director Board Member of the Acquired CompaniesCompany, as provided in the Charter Organizational Documents of the Acquired CompaniesCompany, in each case existing as in effect on the date of this Agreement for Agreement, or pursuant to any other agreements in effect on the period prior to and ending upon the Closingdate hereof, shall survive the Closing Date and shall continue in full force and effect in accordance with their respective terms.

Director and Officer Indemnification and Insurance. (a) The Purchaser agrees that all rights to indemnification, advancement of expenses and exculpation by the Acquired Companies now existing in favor of each Person who is now, or 50 has been at any time prior to the date hereof or who becomes prior to the Closing Date, an officer or director of the Acquired Companies, as provided in the Charter Documents of the Acquired Companies, in each case existing on the date of this Agreement for the period prior to and ending upon the Closing, shall survive the Closing Date and shall continue in full force and effect in accordance with their respective terms.