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

Directors and Officers Insurance; Indemnification. The Company shall at all times maintain in full force and effect, directors and officers insurance providing for coverage of not less than $2,000,000 per director per occurrence. The Restated Certificate and the Company’s Bylaws, each as may be amended from time to time, shall at all times provide (i) for elimination of the liability of directors and officers to the maximum extent permitted by law, and (ii) for indemnification of directors and officers for acts on behalf of the Company to the maximum extent permitted by law.

Directors and Officers Insurance; Indemnification. The Company shall at all times maintain in full force and effect, directors and officers insurance providing for coverage of not less than $2,000,000 per director per occurrenceoccurrence on terms acceptable to the holders of sixty percent (60%) of the outstanding shares of Preferred Stock determined on an as-converted to Common Stock basis. The Restated Certificate and the Company’s BylawsCertificate, each as may be amended from time to time, time and Bylaws shall at all times provide (i) for elimination of the liability of directors and officers to the maximum extent permitted by law, and (ii) for indemnification of directors and officers for acts on behalf of the Company to the maximum extent permitted by law.

Directors and Officers Insurance; Indemnification. The Company shall at all times maintain in full force and effect, directors and officers insurance providing for coverage of not less than $2,000,000 per director Representative per occurrence. The Restated Certificate and the Company’s Bylaws, each This Agreement as may be amended from time to time, shall at all times provide (i) for elimination of the liability of directors Representatives and officers to the maximum extent permitted by law, and (ii) for indemnification of directors Representatives and officers for acts on behalf of the Company and any Subsidiary to the maximum extent permitted by law.