Common use of Directors' Indemnification Clause in Contracts

Directors' Indemnification. (a) The Company shall obtain and cause to be maintained in effect, with financially sound insurers, a policy of directors' and officers' liability insurance covering the Designees (and their respective successors) in an amount of at least $15,000,000 or such other amount the Board shall specify (as such amount shall be increased from time to time at the request of GECC or THLi).

Appears in 5 contracts

Samples: Stockholders Agreement (General Electric Capital Corp), Stockholders Agreement (Th Lee Putnam Internet Fund Advisors LLC), Stockholders Agreement (Krauses Furniture Inc)

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Directors' Indemnification. (a) The Company shall obtain and cause to be maintained in effect, with financially sound insurers, a policy of directors' and officers' liability insurance covering the GECC Designee, the Permal Designee, Hxxxxx and the Joint Designees (and their respective successors) in an amount of at least $15,000,000 or such other amount the Board shall specify (as such amount shall be increased from time to time at the request of GECC or THLiGECC).

Appears in 1 contract

Samples: Securities Purchase Agreement (Worms & Co Inc)

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