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

AutoNDA by SimpleDocs

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: Stock Option Agreement (Heritage Bancorp Inc /Pa/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!