Director Indemnification. To the maximum extent permitted by the law of the jurisdiction in which the Company is organized, the Company shall indemnify and hold harmless each of its directors and comply with the terms of the Director Indemnification Agreements, and at the request of any director who is not a party to a Director Indemnification Agreement, shall enter into an indemnification agreement with such director in similar form as the Director Indemnification Agreements. At the request of any director, the Company shall obtain and maintain customary insurance coverage for the directors on commercially reasonable terms.
Appears in 2 contracts
Samples: Investors Rights Agreement, Investors Rights Agreement (China Techfaith Wireless Communication Technology LTD)
Director Indemnification. To the maximum extent permitted by the law Law of the jurisdiction in which the Company is organized, the Company shall indemnify and hold harmless each of its directors Directors and shall comply with the terms of the Director Indemnification Agreementsindemnification agreements, and at the request of any director Director who is not a party to a Director Indemnification Agreementan indemnification agreement, shall enter into an indemnification agreement with such director in similar form as to the Director Indemnification Agreements. At the request of any director, the Company shall obtain and maintain customary insurance coverage for the directors on commercially reasonable termsindemnification agreements.
Appears in 2 contracts
Samples: Shareholder Agreement (Dada Nexus LTD), Shareholder Agreement (Dada Nexus LTD)
Director Indemnification. To the maximum extent permitted by the law Laws of the jurisdiction in which the Company is organized, the Company shall indemnify and hold harmless each of its directors Investor Director and shall comply with the terms of the Director respective director indemnification agreement (the “Indemnification AgreementsAgreement”), and at the request of any director Investor Director who is not a party to a Director an Indemnification Agreement, shall enter into an director indemnification agreement with such director Investor Director in similar form as to the Director Indemnification Agreements. At the request of any director, the Company shall obtain and maintain customary insurance coverage for the directors on commercially reasonable termsAgreement.
Appears in 2 contracts
Samples: Shareholder Agreement (LAIX Inc.), Shareholder Agreement (LingoChamp Inc.)
Director Indemnification. To the maximum extent permitted by the law Law of the jurisdiction in which the Company is organized, the Company shall indemnify and hold harmless each of its directors Directors and shall comply with the terms of the Director Indemnification Agreements, and at the request of any director Director who is not a party to a Director an Indemnification Agreement, shall enter into an indemnification agreement with such director in similar form as to the Director Indemnification Agreements. At the request of any director, the Company shall obtain and maintain customary insurance coverage for the directors on commercially reasonable terms.
Appears in 2 contracts
Samples: Shareholder Agreements (Cloopen Group Holding LTD), Shareholder Agreements (Cloopen Group Holding LTD)
Director Indemnification. To the maximum extent permitted by the law of the jurisdiction in which the Company is organized, the Company shall indemnify and hold harmless each of its directors the Investor Directors and shall enter into the indemnification agreement with any Investor Director and comply with the terms of the Director Indemnification Agreements, and at the request of any director who is not a party to a Director Indemnification Agreement, shall enter into an indemnification agreement with such director in similar form as the Director Indemnification Agreementsindemnification agreements. At the request of any directorInvestor, the Company shall obtain and maintain customary directors and officers insurance coverage for the directors on commercially reasonable termsInvestor Directors.
Appears in 1 contract
Samples: Investor and Registration Rights Agreement (Yayi International Inc)
Director Indemnification. To the maximum extent permitted by the law Laws of the jurisdiction in which the Company is organized, the Company shall indemnify and hold harmless each of its directors and comply Investor Director in accordance with the terms of director indemnification agreement entered into between the Company and such Investor Director (“Indemnification AgreementsAgreement”), and at the request of any director Investor Director who is not a party to a Director an Indemnification Agreement, shall enter into an indemnification agreement Indemnification Agreement with such director Investor Director in similar form as to the Director Indemnification Agreements. At the request of any director, the Company shall obtain and maintain customary insurance coverage for the directors on commercially reasonable termsAgreement.
Appears in 1 contract
Samples: Shareholder Agreement (Agora, Inc.)