Common use of Directors’ and Officers’ Indemnification and Insurance of the Surviving Corporation Clause in Contracts

Directors’ and Officers’ Indemnification and Insurance of the Surviving Corporation. (a) To the fullest extent permitted by applicable Law, Parent shall cause the Surviving Corporation to honor all of the Company’s obligations to indemnify and hold harmless each person who is now, or has been at any time prior to the date of this Agreement or who becomes prior to the Effective Time an officer or director of the Company or any of its Subsidiaries (each an “Indemnified Party”) as provided in the Company Certificate or Company Bylaws, in each case, as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date of this Agreement, accurate and complete copies of which have been made available to Parent and are listed in Section 6.08(a) of the Company Disclosure Letter, including provisions relating to the advancement of expenses incurred in the defense of any Action or as permitted under applicable Law. Parent’s obligation under this Section 6.08(a) shall survive the Merger and shall remain in full force and effect for a period of not less than six years after the Effective Time. During such period, Parent shall guarantee the obligations of the Surviving Corporation with respect to any and all amounts payable under this Section 6.08.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Granite Construction Inc), Agreement and Plan of Merger (Layne Christensen Co)

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Directors’ and Officers’ Indemnification and Insurance of the Surviving Corporation. (a) To the fullest extent permitted by applicable Law, Parent shall cause the Surviving Corporation to honor all of the Company’s obligations to indemnify and hold harmless each person who is now, or has been at any time prior to the date of this Agreement or who becomes prior to the Effective Time an officer or director of the Company or any of its Subsidiaries (each an “Indemnified Party”) as provided in the Company Certificate or Company Bylaws, in each case, as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date of this Agreement, accurate and complete copies of which have been made available provided to Parent and are listed in Section 6.08(a) of the Company Disclosure LetterSchedule, including provisions relating to the advancement of expenses incurred in the defense of any Action or as permitted under applicable Law. Parent’s obligation under this Section 6.08(a) shall survive the Merger and shall remain in full force and effect for a period of not less than six years after the Effective Time. During such period, Parent shall guarantee the obligations of the Surviving Corporation with respect to any and all amounts payable under this Section 6.08.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (TTM Technologies Inc), Agreement and Plan of Merger (Viasystems Group Inc)

Directors’ and Officers’ Indemnification and Insurance of the Surviving Corporation. (a) To the fullest extent permitted by applicable Law, Parent shall cause the Surviving Corporation to honor all of the Company’s obligations to indemnify and hold harmless each person who is now, or has been at any time prior to the date of this Agreement hereof or who becomes prior to the Effective Time an officer or director of the Company or any of its Subsidiaries Company Subsidiary (each an “Indemnified Party”) as provided in the Company Certificate or Company Bylaws, in each case, as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date of this Agreementhereof, accurate and complete copies of which have been provided or made available to Parent and are listed in Section 6.08(aSchedule 7.06(a) of the Company Disclosure LetterSchedule, including provisions relating to the advancement of expenses incurred in the defense of any Action action or suit or as permitted under applicable Law. Parent’s obligation under this Section 6.08(a7.06(a) shall survive the Merger and shall remain in full force and effect for a period of not less than six (6) years after the Effective TimeTime unless otherwise required by Law. During such period, Parent shall guarantee the obligations of the Surviving Corporation with respect to any and all amounts payable under this Section 6.087.06.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (National Semiconductor Corp), Agreement and Plan of Merger (Texas Instruments Inc)

Directors’ and Officers’ Indemnification and Insurance of the Surviving Corporation. (a) To the fullest extent permitted by applicable Law, Parent shall cause the Surviving Corporation to honor all of the Company’s obligations to indemnify and hold harmless each person who is now, or has been at any time prior to the date of this Agreement hereof or who becomes prior to the Effective Time an officer or director of the Company or any of its Subsidiaries (each an “Indemnified Party”) as provided in the Company Certificate or Company Bylaws, in each case, as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date of this Agreementhereof, accurate and complete copies of which have been made available provided to Parent and are listed in Section 6.08(a6.07(a) of the Company Disclosure LetterSchedule, including provisions relating to the advancement of expenses incurred in the defense of any Action or as permitted under applicable Law. Parent’s obligation under this Section 6.08(a6.07(a) shall survive the Merger and shall remain in full force and effect for a period of not less than six years after the Effective Time. During such period, Parent shall guarantee the obligations of the Surviving Corporation with respect to any and all amounts payable under this Section 6.086.07.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Viasystems Group Inc)

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Directors’ and Officers’ Indemnification and Insurance of the Surviving Corporation. (a) To the fullest extent permitted by applicable Law, Parent shall cause the Surviving Corporation to honor all of all rights to indemnification, advancement of expenses and exculpation by the Company’s obligations to indemnify and hold harmless Company now existing in favor of each person who is now, or has been at any time prior to the date of this Agreement or who becomes prior to the Effective Time an officer or director of the Company or any of its Subsidiaries (each an “Indemnified Party”) as provided in the Company Certificate or Company Bylaws, in each case, as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date of this Agreement, accurate and complete copies of which have been made available to Parent and are listed in Section 6.08(a6.06(a) of the Company Disclosure Letter, including provisions relating to the advancement of expenses incurred in the defense of any Action or as permitted under applicable Law. Parent’s obligation under this Section 6.08(a6.06(a) shall survive the Merger and shall remain in full force and effect for a period of not less than six years after the Effective Time. During such period, Parent shall guarantee the obligations of the Surviving Corporation with respect to any and all amounts payable under this Section 6.08.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nevada Gold & Casinos Inc)

Directors’ and Officers’ Indemnification and Insurance of the Surviving Corporation. (a) To the fullest extent permitted by applicable Law, Parent shall cause the Surviving Corporation to honor all of the Company’s obligations to indemnify and hold harmless each person who is now, or has been at any time prior to the date of this Agreement hereof or who becomes prior to the Effective Time an officer or director of the Company or any of its Subsidiaries (each an “Indemnified Party”) as provided in the Company Certificate Articles or Company BylawsBy-Laws, in each case, as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date of this Agreementhereof, accurate and complete copies of which have been made available provided to Parent and are listed in Section 6.08(a) of the Company Disclosure LetterSchedule, including provisions relating to the advancement of expenses incurred in the defense of any Action or as permitted under applicable Law. Parent’s obligation under this Section 6.08(a) shall survive the Merger and shall remain in full force and effect for a period of not less than six years after the Effective Time. During such period, Parent shall guarantee the obligations of the Surviving Corporation with respect to any and all amounts payable under this Section 6.08.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fsi International Inc)

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