Common use of Notice to Insurers Clause in Contracts

Notice to Insurers. If at the time of the receipt of a notice of a claim pursuant to Section 6(a), above, the Company has directors’ and officers’ 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 thereafter shall 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 7 contracts

Samples: Indemnification Agreement (AutoGenomics, Inc.), Indemnification Agreement (AutoGenomics, Inc.), Indemnification Agreement (AutoGenomics, Inc.)

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Notice to Insurers. If at the time of the receipt of a notice of a claim Claim pursuant to Section 6(a), above, ) hereof the Company has directors' and officers' liability insurance (or a similar policy covering key employees, if applicable) in effect, the Company shall give prompt notice of the commencement of such Proceeding Claim to the insurers in accordance with the procedures set forth in the respective policies. The Company thereafter shall 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 Claim in accordance with the terms of such policies.

Appears in 7 contracts

Samples: Indemnification Agreement (Clothestime Inc), Indemnification Agreement (Clothestime Inc), Indemnification Agreement (Clothestime Inc)

Notice to Insurers. If If, at the time of the receipt of a notice of a claim pursuant to Section 6(a), above5(a) hereof, the Company has directors’ director and officers’ officer liability insurance in effect, 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 shall 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 5 contracts

Samples: Indemnification Agreement (Digi Outdoor Media Inc.), Funding Agreement (Omeros Corp), Indemnification Agreement (Omeros Corp)

Notice to Insurers. If at the time of the Upon receipt of a notice of a claim Proceeding pursuant to Section 6(a), above, the Company has directors’ and officers’ liability insurance in effect, the Company Companies shall give or cause to be given prompt notice of the commencement of such Proceeding to the all insurers providing liability insurance in accordance with the procedures set forth in the respective all applicable or potentially applicable policies. The Company Companies shall thereafter shall take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, pay all amounts payable as a result of such proceeding in accordance with the terms of such policies, unless the Companies shall have paid in full all indemnification, advancement and other obligations payable to Indemnitee under this Agreement.

Appears in 4 contracts

Samples: Indemnification Agreement (Us LBM Holdings, Inc.), Indemnification Agreement (Atkore International Group Inc.), Indemnification Agreement (SiteOne Landscape Supply, Inc.)

Notice to Insurers. If If, at the time of the receipt of a notice of a claim pursuant to Section 6(a), above6(b) hereof, the Company has directors’ directors and officers’ officers liability insurance in effect, 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 shall 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 4 contracts

Samples: Indemnification Agreement (Jacobs Engineering Group Inc /De/), Employment Agreement (Jacobs Engineering Group Inc /De/), Indemnification Agreement (Jacobs Engineering Group Inc /De/)

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Notice to Insurers. If If, at the time of the receipt of a notice of a claim pursuant to Section 6(a), above) hereof, the Company has directorsofficers’ and officersdirectors’ liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding proceedings to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter shall 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

Samples: Indemnification Agreement (Omega Flex, Inc.)

Notice to Insurers. If If, at the time of the receipt of a notice of a claim pursuant to Section 6(a), above4(b) hereof, the Company has directors’ and officers’ liability insurance policies in effect, then the Company shall give prompt notice of the commencement of such Proceeding to the insurers of such policies in accordance with the procedures set forth in the respective such policies. The Company shall thereafter shall 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 1 contract

Samples: Indemnification Agreement (Centennial Bank Holdings, Inc.)

Notice to Insurers. If If, at the time of the receipt of a notice of a claim pursuant to Section 6(a), above2 (a) or 2(b) hereof, the Company has directors’ and officers’ liability insurance in effect, 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 shall 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.7

Appears in 1 contract

Samples: Indemnification Agreement (Usa Technologies Inc)

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