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.
Appears in 7 contracts
Samples: Shareholder Agreement, Shareholders Agreement (Francisco Partners GP II Management, LLC), Shareholders Agreement (Mitel Networks Corp)
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.
Appears in 4 contracts
Samples: Shareholder Agreement (EdgeStone Capital Equity Fund II - US GP, L.P.), Shareholder Agreement (Zarlink Semiconductor Inc), Shareholder Agreement (EdgeStone Capital Equity Fund II - US GP, L.P.)
