Common use of Directors' and Officers' Insurance; Indemnification Agreements Clause in Contracts

Directors' and Officers' Insurance; Indemnification Agreements. The Company shall purchase and maintain directors’ and officers’ liability insurance policy covering each Investor Director effective from the Closing Date (or such later date as such Investor Director is appointed pursuant to Section 5(a) or Section 5(b) and shall purchase and maintain for a period of not less than six years from the date of any Investor Director’s death, resignation, retirement, disqualification or termination of term of office as provided in 5(c), a directors’ and officers’ liability insurance tail policy for such Investor Director. The Company shall enter into a separate indemnification agreement with each of the Investor Directors.

Directors' and Officers' Insurance; Indemnification Agreements. (a) The Company shall purchase and maintain directors’ and officers’ liability insurance policy covering each Investor Director effective from the Closing Date (or such later date as such Investor Director is appointed pursuant to Section 5(a) 4.1 or Section 5(b4.2) and shall purchase and maintain for a period of not less than six years from the date of any Investor Director’s death, resignation, retirement, disqualification or termination of term of office as provided in 5(c)Section 4.3, a directors’ and officers’ liability insurance tail policy for such Investor Director. . (b) The Company shall enter into a separate indemnification agreement Indemnification Agreement with each of the Investor DirectorsDirectors substantially in the form set forth as Exhibit C to the Purchase Agreement.