Common use of Insurance, etc Clause in Contracts

Insurance, etc. The Corporation may purchase and maintain insurance on behalf of any person, may enter into contracts of indemnification with any person, may create a fund of any nature (which may, but need not be, under the control of a trustee) for the benefit of any person, and may otherwise secure in any manner its obligations with respect to indemnification and advancement of expenses, whether arising under this Article IX or otherwise, to or for the benefit of any person, whether or not the Corporation would have the power to indemnify such person against such liability under the provisions of this Article VII.

Appears in 3 contracts

Samples: Merger Agreement (First Jermyn Corp), Agreement and Plan of Consolidation (Patriot Bank Corp), Consolidation Agreement (BCB Financial Services Corp /Pa/)

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Insurance, etc. The Corporation may purchase and maintain ----------- -------------- insurance on behalf of any person, may enter into contracts of indemnification with any person, may create a fund of any nature (which may, but need not be, under the control of a trustee) for the benefit of any person, and may otherwise secure in any manner its obligations with respect to indemnification and advancement of expenses, whether arising under this Article IX or otherwise, to or for the benefit of any person, whether or not the Corporation would have the power to indemnify such person against such liability under the provisions of this Article VII.

Appears in 1 contract

Samples: Consolidation Agreement (Heritage Bancorp Inc /Pa/)

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