Insurance, Contracts and Funding. The Corporation may maintain insurance, at its expense, to protect itself and any director, officer, partner, trustee, employee or agent of the Corporation or another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise against any expense, liability or loss, whether or not the Corporation would have the authority or right to indemnify the person against the expense, liability or loss under the Washington Business Corporation Act or other law. The Corporation may enter into contracts with any director, officer, partner, trustee, employee or agent of the Corporation in furtherance of the provisions of this Article IX 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 the amounts as may be necessary to effect indemnification as provided in this Article IX.
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Insurance, Contracts and Funding. The Corporation corporation may maintain insurance, at its expense, to protect itself and any director, trustee, officer, partner, trustee, employee or agent of the Corporation corporation or another corporation, partnership, joint venture, trust, employee benefit plan trust or other enterprise against any expense, liability or loss, whether or not the Corporation corporation would have the authority or right power to indemnify the such person against the such expense, liability or loss under the Washington Business Corporation Act or other lawAct. The Corporation may corporation may, without further shareholder action, enter into contracts with any director, trustee, officer, partner, trustee, employee or agent of the Corporation corporation in furtherance of the provisions of this Article IX 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 the such amounts as may be necessary to effect indemnification as provided in this Article IXArticle.
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Samples: Merger Agreement (Zymogenetics Inc)
Insurance, Contracts and Funding. The Corporation may maintain insurance, at its expense, to protect itself and any director, officer, partner, trustee, employee or agent of the Corporation or another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise against any expense, liability or loss, whether or not the Corporation would have the authority or right to indemnify the person against the expense, liability or loss under the Washington Business Corporation Act DGCL or other law. The Corporation may enter into contracts with any director, officer, partner, trustee, employee or agent of the Corporation in furtherance of the provisions of this Article IX 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 the amounts as may be necessary to effect indemnification as provided in this Article IX.
Appears in 1 contract
Samples: By Laws (ASTROTECH Corp)