D&O Coverage. In the event that GBB is unable to have BSC's ------------ directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d) hereof and upon GBB's request, BSC shall use commercially reasonable efforts to obtain (i) coverage for a period of at least 36 months following the Effective Time of the Merger for the directors and officers of BSC under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by GBB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement, and (ii) coverage for a period of at least 36 months following the Effective Time of the Merger under a bankers' blanket bond which is no less protective in terms of coverage or limitations than now possessed by BSC covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
D&O Coverage. In the event that GBB is unable to have BSCBOP's ------------ directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d) hereof and upon GBB's request, BSC BOP shall use commercially reasonable efforts to obtain
obtain (i) coverage for a period of at least 36 months following the Effective Time of the Merger for the directors and officers of BSC BOP under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by GBB BOP covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement, and (ii) coverage for a period of at least 36 months following the Effective Time of the Merger under a bankers' blanket bond which is no less protective in terms of coverage or limitations than now possessed by BSC BOP covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
D&O Coverage. In the event that GBB is unable to have BSCBCS's and ------------ BBC's directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d) 7.2.4 hereof and upon GBB's request, BSC BCS shall use commercially reasonable efforts to obtain
obtain (i) coverage for a period of at least 36 months following the Effective Time of the Merger for the directors and officers of BSC BCS and BBC under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by GBB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement, and (ii) coverage for a period of at least 36 months following the Effective Time of the Merger under a bankers' blanket bond which is no less protective in terms of coverage or limitations than now possessed by BSC BCS and BBC covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
D&O Coverage. In the event that GBB is unable to have BSCBAB's ------------ and BABANK's directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d) 7.2.6 hereof and upon GBB's request, BSC BAB shall use commercially reasonable efforts to obtain
obtain (i) coverage for a period of at least 36 months following the Effective Time of the Merger for the directors and officers of BSC BAB and BABANK under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by GBB BAB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement, and (ii) coverage for a period of at least 36 months following the Effective Time of the Merger under a bankers' blanket bond which is no less protective in terms of coverage or limitations than now possessed by BSC BAB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
D&O Coverage. In the event that GBB is unable to have BSCBAB's and ------------ BABANK's directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d) 7.2.6 hereof and upon GBB's request, BSC BAB shall use commercially reasonable efforts to obtain
obtain (i) coverage for a period of at least 36 months following the Effective Time of the Merger for the directors and officers of BSC BAB and BABANK under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by GBB BAB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement, and (ii) coverage for a period of at least 36 months following the Effective Time of the Merger under a bankers' blanket bond which is no less protective in terms of coverage or limitations than now possessed by BSC BAB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
D&O Coverage. In the event that GBB is unable to have BSCBCS's and BBC's ------------ directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d) 7.2.4 hereof and upon GBB's request, BSC BCS shall use commercially reasonable efforts to obtain
obtain (i) coverage for a period of at least 36 months following the Effective Time of the Merger for the directors and officers of BSC BCS and BBC under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by GBB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement, and (ii) coverage for a period of at least 36 months following the Effective Time of the Merger under a bankers' blanket bond which is no less protective in terms of coverage or limitations than now possessed by BSC BCS and BBC covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
D&O Coverage. In the event that GBB is unable to have BSCCoast's ------------ and CCB's directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d) hereof and upon GBB's request, BSC Coast shall use commercially reasonable efforts to obtain
obtain (i) coverage for a period of at least 36 months following the Effective Time of the Merger for the directors and officers of BSC Coast and CCB under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by GBB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement, and (ii) coverage for a period of at least 36 months following the Effective Time of the Merger under a bankers' blanket bond which is no less protective in terms of coverage or limitations than now possessed by BSC Coast and CCB covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Coast Bancorp)