Directors’ Liability Insurance. Director's liability insurance will be secured for all Directors of the Burnaby Municipal Benefit Society.
Directors’ Liability Insurance. An Investor Nominee shall be entitled to the benefit of any directors’ liability insurance and indemnity, on the same terms and conditions, to which other directors of the Corporation are entitled.
Directors’ Liability Insurance. The Corporation will maintain directors’ liability insurance for each of the directors of the Corporation with coverage acceptable to the Board of Directors. The Corporation will not assign, transfer, dispose of, surrender, borrow upon or in any way encumber such insurance.
Directors’ Liability Insurance. After the Effective Date, the Company shall use its commercially reasonable efforts to maintain in full force and effect a directors’ liability insurance and fiduciary liability insurance policy, on terms and conditions and in an aggregate amount customary for the nature and size of the business of the Company and its Subsidiaries, from an internationally recognized insurance carrier.
Directors’ Liability Insurance. Director's liability insurance will be secured for all Directors of the Municipal Benefit Society.
Directors’ Liability Insurance. 6.1 The Company has taken a Directors’ and Officers’ Liability Insurance policy which will be renewed and maintained for the full term of your appointment.
Directors’ Liability Insurance. The Executive shall benefit from cover under the HSBC policy on Directors’ and Officers’ Liability (including Outside Directors’ and Officers’ Liability) subject always to the rules of the policy from time to time in force, details of which have been provided to the Executive.
Directors’ Liability Insurance. (a) Maintenance of Insurance. The Bank or the Company shall, from time to time, make the good faith determination whether or not it is practicable to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the directors of the Bank or the Company with coverage for losses from wrongful acts, or to ensure the Bank or the Company's performance of its indemnification obligations under this Agreement. Among other considerations, the Bank or the Company will weigh the costs of obtaining such insurance against the protection afforded by such coverage. In all policies of directors' liability insurance, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Bank or the Company's directors. Notwithstanding the foregoing, the Bank or the Company shall have no obligation to obtain or maintain such insurance if the Bank or the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or if the Indemnitee is covered by similar insurance maintained by a subsidiary or parent of the Bank or the Company. The Bank and the Company is prohibited by OTS regulations from obtaining insurance which provides payment for losses of any person incurred as a consequence of his or her willful or criminal misconduct.
Directors’ Liability Insurance. For the term of this Agreement and any extensions thereof, and so long as the Executive is a Director of the Corporation, the Corporation shall at its sole expense, maintain and keep in effect Directors’ liability insurance on behalf of the Executive. In event that the Corporation does not, or is unable to provide such insurance coverage, then the Corporation will indemnify the Executive against any claims or liabilities that may arise, other than for fraud, as a result of the Executive’s service as a Director.
Directors’ Liability Insurance. The Company shall, to the extent permitted by law, indemnify any Director for damages or losses suffered by such Director acting in good faith in the bona fide discharge or performance of his or her duties as a Director. The Company shall procure and take out appropriate insurance policy as may be necessary to cover such risk and liability.
