Insurance and Subrogation. (a) If, at the time the Company receives notice of a claim hereunder, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement.
Appears in 30 contracts
Samples: Form of Indemnification Agreement (YXT.COM GROUP HOLDING LTD), Form of Indemnification Agreement (XCHG LTD), Form of Indemnification Agreement (YXT.COM GROUP HOLDING LTD)
Insurance and Subrogation. (a) If, at the time the Company receives notice of a claim hereunder, the Company has director and officer liability insurance D&O Liability Insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement.
Appears in 20 contracts
Samples: Indemnification Agreement (Auna S.A.), Form of Indemnification Agreement (ZEEKR Intelligent Technology Holding LTD), Indemnification Agreement (Lotus Technology Inc.)
Insurance and Subrogation. (a) If, at the time Upon receipt by the Company receives of any notice of a claim hereunder, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement.
Appears in 1 contract
Samples: Form of Indemnification Agreement (iKang Healthcare Group, Inc.)
