Common use of Limitations on Indemnity Clause in Contracts

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director to the extent that the Director has already been reimbursed pursuant to such liability insurance as the Bank may maintain for the Director’s benefit. Notwithstanding the availability of such insurance, the Director also may claim indemnification from the Bank pursuant to this Agreement by assigning to the Bank any claims under such insurance to the extent the Director is paid by the Bank. The Director shall reimburse the Bank for any sums he or she receives as indemnification from other sources to the extent of any amount paid to the Director for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by or on behalf of the Director, or any Proceeding by the Director against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director in connection with any such Proceeding, unless such Proceeding is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director Officer to the extent that the Director Officer has already been reimbursed pursuant to such liability insurance as the Bank may maintain for the DirectorOfficer’s benefit. Notwithstanding the availability of such insurance, the Director Officer also may claim indemnification from the Bank pursuant to this Agreement by assigning to the Bank any claims under such insurance to the extent the Director Officer is paid by the Bank. The Director Officer shall reimburse the Bank for any sums he or she receives as indemnification from other sources to the extent of any amount paid to the Director Officer for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by or on behalf of the DirectorOfficer, or any Proceeding by the Director Officer against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director Officer in connection with any such Proceeding, unless such Proceeding is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director Officer to the extent that the Director Officer has already been reimbursed pursuant to such liability insurance as the Bank may maintain for the Director’s Officer's benefit. Notwithstanding the availability of such insurance, the Director Officer also may claim indemnification from the Bank pursuant to this Agreement by assigning to the Bank any claims under such insurance to the extent the Director Officer is paid by the Bank. The Director Officer shall reimburse the Bank for any sums he or she receives as indemnification from other sources to the extent of any amount paid to the Director Officer for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by or on behalf of the DirectorOfficer, or any Proceeding by the Director Officer against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director Officer in connection with any such Proceeding, unless such Proceeding is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director Officer to the extent that the Director Officer has already been reimbursed pursuant to such liability insurance as the Bank may maintain for the DirectorOfficer’s benefit. Notwithstanding the availability of such insurance, the Director Officer also may claim indemnification from the Bank pursuant to this Agreement by assigning to the Bank any claims under such insurance to the extent the Director Officer is paid by the Bank. The Director Officer shall reimburse the Bank for any sums he or she receives as indemnification from other sources to the extent of any amount paid to the Director Officer for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by by, against, or on behalf of the DirectorOfficer, or any Proceeding by the Director Officer against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director Officer in connection with any such Proceeding, unless such Proceeding payment is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director to the extent that the Director has already been reimbursed pursuant to such any liability insurance as the Bank may maintain for the Director’s benefitbenefit or otherwise. Notwithstanding In connection with the availability of such insurance, the Director also may Director’s claim for indemnification from the Bank pursuant to this Agreement by assigning Agreement, at the request of the Bank, the Director shall assign to the Bank any claims under such insurance to the extent the Director is paid by the Bank. The Director shall reimburse the Bank for any sums he or she the Director receives as indemnification from other sources to the extent of any amount paid to the Director for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by by, against, or on behalf of the Director, or any Proceeding by the Director against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director in connection with any such Proceeding, unless such Proceeding payment is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director to the extent that the Director has already been reimbursed pursuant to such liability insurance as the Bank may maintain for the Director’s 's benefit. Notwithstanding the availability of such insurance, the Director also may claim indemnification from the Bank pursuant to this Agreement by assigning to the Bank any claims under such insurance to the extent the Director is paid by the Bank. The Director shall reimburse the Bank for any sums he or she receives as indemnification from other sources to the extent of any amount paid to the Director for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by or on behalf of the Director, or any Proceeding by the Director against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director in connection with any such Proceeding, unless such Proceeding is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director Officer to the extent that the Director Officer has already been reimbursed pursuant to such liability insurance as the Bank may maintain for the DirectorOfficer’s benefit. Notwithstanding the availability of such insurance, the Director Officer also may claim indemnification from the Bank pursuant to this Agreement by assigning to the Bank any claims under such insurance to the extent the Director Officer is paid by the Bank. The Director Officer shall reimburse the Bank for any sums he or she the Officer receives as indemnification from other sources to the extent of Indemnification Agreement Form 2 any amount paid to the Director Officer for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by by, against, or on behalf of the DirectorOfficer, or any Proceeding by the Director Officer against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director Officer in connection with any such Proceeding, unless such Proceeding payment is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director to the extent that the Director has already been reimbursed pursuant to such liability insurance as the Bank may maintain for the Director’s benefit. Notwithstanding the availability of such insurance, the Director also may claim indemnification from the Bank pursuant to this Agreement by assigning to the Bank any claims under such insurance to the extent the Director is paid by the Bank. The Director shall reimburse the Bank for any sums he or she the Director receives as indemnification from other sources to the extent of any amount paid to the Director for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by by, against, or on behalf of the Director, Indemnification Agreement or any Proceeding by the Director against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director in connection with any such Proceeding, unless such Proceeding payment is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.

Limitations on Indemnity. The Bank shall not be liable under this Agreement to make any payment to the Director Officer to the extent that the Director Officer has already been reimbursed pursuant to such any liability insurance as the Bank may maintain for the DirectorOfficer’s benefitbenefit or otherwise. Notwithstanding In connection with the availability of such insurance, the Director also may Officer’s claim for indemnification from the Bank pursuant to this Agreement by assigning Agreement, at the request of the Bank, the Officer shall assign to the Bank any claims under such insurance to the extent the Director Officer is paid by the Bank. The Director Officer shall reimburse the Bank for any sums he or she the Officer receives as indemnification from other sources to the extent of any amount paid to the Director Officer for that purpose by the Bank. In addition to the foregoing limitation, except as otherwise expressly provided in this Agreement, in connection with all or any part of a Proceeding that is initiated or maintained by by, against, or on behalf of the DirectorOfficer, or any Proceeding by the Director Officer against the Bank or any of its Agents, the Bank shall not be liable under this Agreement to make any payment to the Director Officer in connection with any such Proceeding, unless such Proceeding payment is expressly required to be made under applicable law, was authorized by a majority of the Disinterested Directors or is provided by the Bank, in its sole discretion, pursuant to the powers vested in the Bank under applicable law.