Common use of Insurance for Indemnification Clause in Contracts

Insurance for Indemnification. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Corporation would have the power to indemnify him against such liability under the provisions of Section 145 of the General Corporation Law.

Insurance for Indemnification. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, enterprise against any liability asserted against him such person and incurred by him such person in any such capacity, or arising out of his such person’s status as such, whether or not the Corporation would have the power to indemnify him such person against such liability under the provisions of Section 145 of the General Corporation Law.

Insurance for Indemnification. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against him such person and incurred by him such person in any such capacity, or arising out of his such person’s status as such, whether or not the Corporation would have the power to indemnify him such person against such liability under the provisions of Section 145 of the General Corporation Lawthis Article IX.