Insurance and Other Indemnification. The board of directors shall have the power to (i) authorize the Company to purchase and maintain, at the Company's expense, insurance on behalf of the Company and on behalf of others to the extent that power to do so has not been prohibited by statute, (ii) create any fund of any nature, whether or not under the control of a trustee, or otherwise secure any of its indemnification obligations, and (iii) give other indemnification to the extent permitted by statute.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Fintech Acquisition Corp. II), Agreement and Plan of Merger (FinTech Acquisition Corp), Securities Purchase and Holders Agreement (Mediq Inc)
Insurance and Other Indemnification. The board of directors Board shall have the power to (ia) authorize the Company to purchase and maintain, at the Company's ’s expense, insurance on behalf of the Company and on behalf of others to the extent that power to do so has not been prohibited by statute, (iib) create any fund of any nature, whether or not under the control of a trustee, or otherwise secure any of its indemnification obligations, obligations and (iiic) give other indemnification to the extent permitted by statute.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (EP Income Co LLC), Limited Liability Company Operating Agreement (Eagle Point Credit Co LLC), Limited Liability Company Operating Agreement (NexPoint Capital, LLC)
Insurance and Other Indemnification. The board Board of directors Directors shall have the power to (i) authorize the Company to purchase and maintain, at the Company's ’s expense, insurance on behalf of the Company and on behalf of others to the extent that power to do so has not been prohibited by statuteApplicable Law, (ii) create any fund of any nature, whether or not under the control of a trustee, or otherwise secure any of its indemnification obligations, and (iii) give other indemnification to the extent permitted by statuteApplicable Law.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Magnachip Semiconductor LLC), Limited Liability Company Operating Agreement (Magnachip Semiconductor LLC)
Insurance and Other Indemnification. The board of directors shall have the power to (i) authorize the Company to purchase and maintain, at the Company's ’s expense, insurance on behalf of the Company and on behalf of others to the extent that power to do so has not been prohibited by statute, (ii) create any fund of any nature, whether or not under the control of a trustee, or otherwise secure any of its indemnification obligations, and (iii) give other indemnification to the extent permitted by statute.
Appears in 2 contracts
Samples: Agreement of Merger (Catalina Marketing Corp/De), Agreement and Plan of Merger (Seitel Inc)
Insurance and Other Indemnification. The board Board of directors Directors shall have the power to (i) authorize the Company to purchase and maintain, at the Company's ’s expense, insurance on behalf of the Company and on behalf of others to the extent that power to do so has not been prohibited by statute, (ii) create any fund of any nature, whether or not under the control of a trustee, or otherwise secure any of its indemnification obligations, and (iii) give other indemnification to the extent permitted by statute.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (MagnaChip Semiconductor LTD (United Kingdom))
Insurance and Other Indemnification. The board Board of directors Directors shall have the power to (i) authorize the Company to purchase and maintain, at the Company's ’s expense, insurance on behalf of the Company and on behalf of others to the extent that power to do so has not been prohibited by statute, (ii) create any fund of any nature, whether or not under the control of a trustee, or OT otherwise secure any of its indemnification obligations, and (iii) give other indemnification to the extent permitted by statute.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (MacDermid Group Inc.)
