Common use of Insurance, Contracts and Funding Clause in Contracts

Insurance, Contracts and Funding. The Company may maintain insurance, at its expense, to protect itself and Participant against any expense, liability or loss, whether or not the Company would have the power to indemnify Participant against such expense, liability or loss under the General Corporation Law of the State of Delaware. The Company may enter into contracts with Participant in furtherance of the provisions of this Agreement and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’, officers’ and fiduciaries liability insurance, Participant shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director, officer or fiduciary.

Appears in 4 contracts

Samples: Indemnification Agreement (El Paso Corp/De), Indemnification Agreement (El Paso Corp/De), Indemnification Agreement (El Paso Corp/De)

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Insurance, Contracts and Funding. The Company may maintain insurance, at its expense, to protect itself and Participant Indemnitee against any expense, liability or loss, whether or not the Company would have the power to indemnify Participant Indemnitee against such expense, liability or loss under the General Corporation Law of the State of DelawareDelaware Limited Liability Company Act. The Company may enter into contracts with Participant Indemnitee in furtherance of the provisions of this Agreement and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’, ’ and officers’ and fiduciaries liability insurance, Participant Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director, officer Director or fiduciaryOfficer.

Appears in 2 contracts

Samples: Indemnification Agreement (Western Midstream Operating, LP), Form of Indemnification Agreement (Western Gas Equity Partners, LP)

Insurance, Contracts and Funding. The Company may maintain insurance, at its expense, to protect itself and Participant DIRECTOR against any expense, liability or loss, whether or not the Company would have the power to indemnify Participant DIRECTOR against such expense, liability or loss under the General Corporation Law of the State of DelawareDelaware Limited Liability Company Act. The Company may enter into contracts with Participant DIRECTOR in furtherance of the provisions of this Agreement and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’, ’ and officers’ and fiduciaries liability insurance, Participant DIRECTOR shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director, officer director or fiduciaryofficer.

Appears in 1 contract

Samples: Indemnification Agreement (El Paso Pipeline Partners, L.P.)

Insurance, Contracts and Funding. The Company may maintain insurance, at its expense, to protect itself and Participant against any expense, liability or loss, whether or not the Company would have the power to indemnify Participant against such expense, liability or loss under the General Corporation Law of the State of Delaware. The Company may enter into contracts with Participant in furtherance of the provisions of this Agreement and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’, ’ and officers’ and fiduciaries liability insurance, Participant shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director, officer director or fiduciaryofficer.

Appears in 1 contract

Samples: Indemnification Agreement (El Paso Corp/De)

Insurance, Contracts and Funding. The Company may maintain insurance, at its expense, to protect itself and Participant against any expense, liability or loss, whether or not the Company would have the power to indemnify Participant against such expense, liability or loss under the General Corporation Law of the State of Delaware. The Company may enter into contracts with Participant in furtherance of the provisions of this Agreement and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’, ' and officers’ and fiduciaries ' liability insurance, Participant shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director, officer director or fiduciaryofficer.

Appears in 1 contract

Samples: Indemnification Agreement (El Paso Corp/De)

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Insurance, Contracts and Funding. The Company may maintain insurance, at its expense, to protect itself and Participant Xxxxxx against any expense, liability or loss, whether or not the Company would have the power to indemnify Participant Xxxxxx against such expense, liability or loss under the General Corporation Law of the State of Delaware. The Company may enter into contracts with Participant Xxxxxx in furtherance of the provisions of this Agreement and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’, ’ and officers’ and fiduciaries liability insurance, Participant Xxxxxx shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director, officer director or fiduciaryofficer.

Appears in 1 contract

Samples: Indemnification Agreement (El Paso Corp/De)

Insurance, Contracts and Funding. The Company may maintain insurance, at its expense, to protect itself and Participant against any expense, liability or loss, whether or not the Company would have the power to indemnify Participant against such expense, liability or loss under the General Corporation Law of the State of Delaware. The Company may enter into contracts with Participant in furtherance of the provisions of this Agreement and may create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Agreement. To the extent the Company maintains an insurance policy or policies providing directors', officers' and fiduciaries liability insurance, Participant shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director, officer or fiduciary.

Appears in 1 contract

Samples: Indemnification Agreement (El Paso Corp/De)

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