Insurance and Funding. Corporation hereby represents and warrants that it shall purchase and maintain insurance to protect itself and/or Officer against any Expenses and Liabilities in connection with any Proceeding to the fullest extent permitted by the Law. In the event of a Change of Control, Corporation shall establish a letter of credit, as provided in Section 9, to ensure the payment of such amounts as may be necessary to effect indemnification or advancement of Expenses as provided in this Agreement.
Appears in 5 contracts
Samples: Indemnification Agreement (Applied Digital Access Inc), Indemnification Agreement (Sequenom Inc), Indemnification Agreement (Encad Inc)
Insurance and Funding. Corporation hereby represents and warrants that it shall purchase and maintain insurance to protect itself and/or Officer Director against any Expenses and Liabilities in connection with any Proceeding to the fullest extent permitted by the Law. In the event of a Change of Control, Corporation shall establish a letter of credit, as provided in Section 9, to ensure the payment of such amounts as may be necessary to effect indemnification or advancement of Expenses as provided in this Agreement.
Appears in 5 contracts
Samples: Indemnification Agreement (Applied Digital Access Inc), Indemnification Agreement (Dura Pharmaceuticals Inc/Ca), Indemnification Agreement (Dura Pharmaceuticals Inc/Ca)
Insurance and Funding. Corporation hereby represents and warrants that it shall purchase and maintain insurance to protect itself and/or Officer against any Expenses and Liabilities in connection with any Proceeding to the fullest extent permitted by the Law. In the event of a Change of Control, Corporation shall establish a letter of credit, as provided in Section 9, to ensure the payment of such amounts as may be necessary to effect indemnification or advancement of Expenses as provided in this Agreement.
Appears in 5 contracts
Samples: Indemnification Agreement (Compgeeks Inc), Indemnification Agreement (Endocare Inc), Indemnification Agreement (Collegeclub Com Inc)
Insurance and Funding. Corporation hereby represents and warrants that it shall purchase and maintain insurance to protect itself and/or Officer Indemnitee to the fullest extent permitted by the Law against any Expenses and Liabilities in connection with any Proceeding to the fullest extent permitted by the Law. In the event of a Change of Control, Corporation shall establish a letter of credit, as provided in Section 9, to ensure the payment of such amounts as may be necessary to effect indemnification or advancement of Expenses as provided in this AgreementProceeding.
Appears in 3 contracts
Samples: Indemnification Agreement (Provide Commerce Inc), Indemnification Agreement (Memec Inc), Indemnification Agreement (Odimo INC)
Insurance and Funding. Corporation hereby represents and warrants that it shall purchase and maintain insurance to protect itself and/or Officer against any Expenses and Liabilities in connection with any Proceeding to the fullest extent permitted by the Law. In the event of a Change of Control, Corporation shall establish a letter of credit, as provided in Section 9, to ensure the payment of such amounts as may be necessary to effect indemnification or advancement of Expenses as provided in this Agreement.
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Insurance and Funding. Corporation hereby represents and warrants that it shall purchase and maintain insurance to protect itself and/or Officer Director against any Expenses and Liabilities in connection with any Proceeding to the fullest extent permitted by the Law. In the event of a Change of Control, Corporation shall establish a letter of credit, as provided in Section 9, to ensure the payment of such amounts as may be necessary to effect indemnification or advancement of Expenses as provided in this Agreement.
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