Notice to Insurer. If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 5(a) above, the Company has in effect an insurance policy or policies providing directors' and officers' liability insurance, 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 make all commercially relevant efforts to 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.
Appears in 3 contracts
Samples: Employment Agreement (Ormat Technologies, Inc.), Indemnification Agreement (Ormat Technologies, Inc.), Indemnification Agreement (Ormat Technologies, Inc.)
Notice to Insurer. If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 5(a6(a) above, the Company has in effect an insurance policy or policies providing directors' and officers' liability insurance, 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 make all commercially relevant efforts to 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.
Appears in 2 contracts
Samples: Indemnity Agreement (Young Innovations Inc), Indemnity Agreement (Apropos Technology Inc)
Notice to Insurer. If, at the time of the receipt of a notice of the commencement of a proceeding Proceeding pursuant to Section 5(a) above, the Company has in effect an insurance policy or policies providing directors' and officers' liability insurance, the Company shall give prompt notice of the commencement of such proceeding Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter make all commercially relevant efforts to 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 Proceeding in accordance with the terms of such policies.
Appears in 2 contracts
Samples: Indemnity Agreement (Coinmach Service Corp), Indemnity Agreement (Appliance Warehouse of America Inc)
Notice to Insurer. If, at the time of the receipt of a notice of the commencement of a proceeding Proceeding pursuant to Section 5(a) above, the Company has in effect an insurance policy or policies providing directors' ’ and officers' ’ liability insurance, the Company shall give prompt notice of the commencement of such proceeding Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter make all commercially relevant efforts to 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 Proceeding in accordance with the terms of such policies.
Appears in 2 contracts
Samples: Indemnity Agreement (Coinmach Service Corp), Indemnity Agreement (Coinmach Service Corp)
Notice to Insurer. If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 5(a6(a) above, the Company has in effect an insurance policy or policies providing directors' ’ and officers' ’ liability insurance, 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 make all commercially relevant efforts to 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.
Appears in 2 contracts
Samples: Indemnity Agreement (ZAIS Group Holdings, Inc.), Indemnity Agreement (Young Innovations Inc)
Notice to Insurer. If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 5(a6(a) above, the Company has in effect an insurance policy or policies providing directors' and officers' liability insuranceinsurance 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 make all commercially relevant efforts to 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.
Appears in 1 contract
Notice to Insurer. If, at the time of the receipt of a notice of ----------------- the commencement of a proceeding pursuant to Section 5(a6(a) above, the Company has in effect an insurance policy or policies providing directors' and officers' liability insurance, 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 make all commercially relevant efforts to 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.
Appears in 1 contract
