Officers Insurance. For so long as Executive shall be an officer of Employer, Employer shall use its best efforts to provide Executive with insurance coverage against business liability to the extent that such coverage is reasonably available for officers of financial institutions of comparable size.
Officers Insurance. The Partnership shall purchase and maintain officer liability insurance in the amount approved by the General Partner on behalf of any Person who is or was a Partner or Officer of the Partnership against any liability asserted against such Person or incurred by such Person in any capacity identified in Section 7.05 or arising out of such Person’s status as an Indemnitee, whether or not the Partnership would have the power to indemnify such Person against that liability under Section 7.05.
Officers Insurance. During the Term or Terms of this Agreement, Employer shall use its best efforts to provide Executive with insurance coverage against business liability to the extent that such coverage is reasonably available for officers of financial institutions of comparable size.
Officers Insurance. The Company shall not give less than ten (10) business days (72 hours in the case of special meetings) notice of each Board of Directors' meeting to the designees of the Series A Purchasers (as defined in the Stockholders' Agreement), the designee of the Advent Series B Purchasers (as defined in the Stockholders' Agreement) and the designee of Xxx and Green, and shall permit, in addition to such directors, each Purchaser (or its designee) and Green and Xxx (or their respective designees) to attend meetings of the Board and committees thereof. In the event any such designee shall be unable to attend a meeting of the Board, the Purchasers designating such designee or such designated director shall in lieu thereof be entitled to designate a substitute representative to attend and, to the extent permitted by applicable law, to vote at such meeting. All reasonable travel and out-of-pocket expenses incurred by the directors designated by the Purchasers (or such directors' designees) in connection with attending the meetings and any special meetings called by the Company will be paid by the Company. The Company will obtain and maintain, on reasonable business terms, director's and officer's insurance for directors of the Company providing coverage for each director of at least $1,000,000 per occurrence, provided that such insurance can be obtained on commercially reasonable terms as determined by the Board of Directors. The Purchasers acknowledge that as of the date of the Initial Closing, the Company has not obtained directors' and officers' insurance.
Officers Insurance. As a former officer of the Company, you are covered under the Company's Directors' and Officers' and Corporate Liability Insurance Policy ("Policy"), to the extent and limits of the policy. This Policy covers you for the period of time during which you were actively employed (February 28, 2000–June 27, 2003).
Officers Insurance. The Company will acquire an insurance policy for professional and directors’ responsibility, and will include the Manager therein, in accordance with the Company’s Articles of Association and in accordance with the Israeli Companies Ordinance.
Officers Insurance. Unless directors and officers are indemnified by the Parent to the reasonable satisfaction of the Lender, directors and officers insurance, including employment practices (if employees), in an amount not less than $I 0,000,000 on industry standard policy forms subject to a retention not to exceed $50,000.
Officers Insurance. The Partnership and the surviving entity, jointly and severally, will indemnify and hold harmless each person who is a director or officer of NSH or any of its subsidiaries or who is serving as a fiduciary under any employee benefit plan, both as of the date of the merger agreement and through the effective date of the merger, to the fullest extent permitted by law in connection with any claim arising out of or pertaining to the person’s service as a director or officer of NSH or its subsidiaries or as a fiduciary under any employee benefit plan and any losses, claims, liabilities, cost indemnification expenses, judgments, fines, penalties and amounts paid in settlement resulting therefrom. Both will also pay, prior to final disposition of a claim, for any expenses incurred in defending such claim or serving as a witness relating to any claim within 10 days after any request for advancement. For a period of six years from the effective time, the NSH limited liability company agreement will contain provisions no less favorable with respect to indemnification, advancement of expenses and limitations on liability of directors and officers than are set forth currently in the NSH limited liability company agreement. Additionally, the Partnership will, or will cause the surviving entity to, maintain, for at least of six years from the effective time, the current policies of directors’ and officers’ liability insurance maintained by NSH and its subsidiaries, except that the surviving entity may substitute policies of at least the same coverage amounts containing terms and conditions which are not less advantageous to the directors and officers of NSH than the existing policies. The Partnership and NSH also agreed that all rights to indemnification, advancement of expenses and exculpation from liabilities for acts or omissions occurring at or prior to the effective time now existing in favor of existing indemnified parties, as provided in the NSH limited liability company agreement or organizational documents of its subsidiaries and the indemnification agreements of NSH or any of its subsidiaries, will be assumed by NSH, as the surviving entity, the Partnership and NuStar GP in the merger, without further action, at the effective time and will survive the merger and will continue in full force and effect in accordance with their terms, as described more fully under “The Merger Agreement—Covenants— Indemnification; Directors’ and Officers’ Insurance.”
Officers Insurance. The Company may insure its Officers to the maximum level permitted under the Laws.
Officers Insurance. The Purchaser undertakes to continue to insure Gari and Xxxx with officers’ liability insurance in the scope and under the conditions applicable at the signing of this Agreement for a period of seven (7) years from the end of Gari and Xxxx’s employment with the Company and/or the subsidiaries. The Purchaser will provide confirmation of such insurance at the time of signing this Agreement and thereafter in accordance with the Sellers’ demand for this from time to time.
