D&O Coverage. In the event that GBB is unable to have BOP'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, BOP 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 BOP under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than now possessed by 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 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 BOPPBC's ------------ directors and officers added to GBB's directors' and officers' liability insurance policy pursuant to Section 7.2(d7.2(f) hereof and upon GBB's request, BOP PBC 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 BOP PBC under a directors' and officers' liability insurance policy which is no less protective in terms of coverage or limitations than then now possessed by BOP PBC 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 then now possessed by BOP PBC covering acts or omissions occurring prior to the Effective Time of the Merger and actions related to this Agreement.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Greater Bay Bancorp)
D&O Coverage. In the event that GBB is unable to have BOPBCS'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, BOP BCS 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 BOP 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 BOP 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 BOP 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 BOPBAB'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, BOP BAB 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 BOP 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 BOP 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 BOP 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 BOPBAB'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, BOP BAB 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 BOP 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 BOP 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 BOP 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 BOPBCS'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, BOP BCS 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 BOP 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 BOP 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 BOP 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