Notice to Insurer. If, at the time of the receipt of a notice of a claim pursuant to Section 8 hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.
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Samples: Indemnification Agreement (Us Global Nanospace Inc), Director and Officer Indemnification Agreement (Us Global Nanospace Inc), Indemnification Agreement (Us Global Nanospace Inc)
Notice to Insurer. If, at the time of the receipt of a notice of a claim pursuant to Section 8 hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the IndemniteeIndemintee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.
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