Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim 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 action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. Nothing in this Section 2(d) shall limit the Company’s obligations as otherwise provided for herein, including the Company’s obligation to pay Expenses under Section 1(b) or to advance Expenses under Section 2(a).
Appears in 16 contracts
Samples: Indemnification Agreement (Sevion Therapeutics, Inc.), Indemnification Agreement (Senesco Technologies Inc), Indemnification Agreement (Senesco Technologies Inc)
Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim 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 action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. Nothing , provided, however, that nothing contained in this Section 2(d) shall limit excuse the Company’s Company from its obligations as otherwise provided for herein, including the Company’s obligation to pay Expenses under Section 1(b) or Expense Advances to advance Expenses under Section 2(a)Indemnitee as provided herein.
Appears in 7 contracts
Samples: Indemnification Agreement (Green Giant Enterprise Inc.), Indemnification Agreement (NFT LTD), Indemnification Agreement (Moxian (BVI) Inc)
Notice to Insurers. If, at the time of the receipt by the Company ------------------ of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim 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 action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. Nothing in this Section 2(d) shall limit the Company’s 's obligations as otherwise provided for herein, including the Company’s 's obligation to pay Expenses under Section 1(b) or to advance Expenses under Section 2(a).
Appears in 5 contracts
Samples: Indemnification Agreement (Contessa Corp /De), Indemnification Agreement (Nava Leisure Usa Inc), Indemnification Agreement (Senesco Technologies Inc)
Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim 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 action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. Nothing in this Section 2(d) shall limit the Company’s obligations as otherwise provided for herein, including the Company’s obligation to pay Expenses under Section 1(b1(a) or to advance Expenses under Section 2(a).
Appears in 3 contracts
Samples: Indemnification Agreement (Gammacan International Inc), Indemnification Agreement (Oramed Pharmaceuticals Inc.), Indemnification Agreement (Oramed Pharmaceuticals Inc.)
Notice to Insurers. If, at the time of the receipt by the ------------------- Company of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim 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 action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. Nothing in this Section 2(d) shall limit the Company’s 's obligations as otherwise provided for herein, including the Company’s 's obligation to pay Expenses under Section 1(b) or to advance Expenses under Section 2(a).
Appears in 2 contracts
Samples: Indemnification Agreement (Nava Leisure Usa Inc), Indemnification Agreement (Nava Leisure Usa Inc)
Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim 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 action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. Nothing ; provided, however, that nothing contained in this Section 2(d) shall limit excuse the Company’s Company from its obligations as otherwise provided for herein, including the Company’s obligation to pay Expenses under Section 1(b) or Expense Advances to advance Expenses under Section 2(a)Indemnitee as provided herein.
Appears in 1 contract
Samples: Indemnification Agreement (Gordon Biersch Brewery Restaurant Group, Inc.)