Common use of Director Insurance and Indemnification Clause in Contracts

Director Insurance and Indemnification. The Company will obtain and maintain directors’ liability insurance and will at all times exercise the powers granted to it by its Organizational Documents, and by applicable Law to indemnify and hold harmless to the fullest extent permitted by applicable Law present or former directors and officers of the Company against any threatened or actual claim, action, suit, proceeding or investigation made against them arising from their service in such capacities (or service in such capacities for another enterprise at the request of the Company).

Director Insurance and Indemnification. The Company will obtain and maintain directors’ liability insurance and will at all times exercise the powers granted to it by its Organizational Governing Documents, and by applicable Law to indemnify and hold harmless to the fullest extent permitted by applicable Law present or former directors and officers of the Company against any threatened or actual claim, action, suit, proceeding or investigation made against them arising from their service in such capacities (or service in such capacities on behalf of the Company or for another enterprise at the request of the Company).