Common use of Optional Means of Assuring Payment Clause in Contracts

Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section 1, the Corporation may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 14 contracts

Samples: Indemnification Agreement (Ucbh Holdings Inc), Indemnification Agreement (Ucbh Holdings Inc), Indemnification Agreement (Ucbh Holdings Inc)

AutoNDA by SimpleDocs

Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section 1, the Corporation Bank may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 13 contracts

Samples: Indemnification Agreement (Ucbh Holdings Inc), Indemnification Agreement (Ucbh Holdings Inc), Indemnification Agreement (Ucbh Holdings Inc)

Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section Paragraph 1, the Corporation Association may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 3 contracts

Samples: Indemnification Agreement (Northern Empire Bancshares), Indemnification Agreement (Northern Empire Bancshares), Indemnification Agreement (Northern Empire Bancshares)

Optional Means of Assuring Payment. Upon request by an the Indemnitee certifying that the Indemnitee has reasonable grounds to believe the Indemnitee may be made a party to a proceeding for which the Indemnitee may be entitled to be indemnified under this Section Paragraph 1, the Corporation Company may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 2 contracts

Samples: Indemnification Agreement (Bridge Capital Holdings), Indemnification Agreement (American River Bankshares)

Optional Means of Assuring Payment. Upon request by an ----------------------------------- Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section Paragraph 1, the Corporation Association may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 2 contracts

Samples: Indemnification Agreement (Northern Empire Bancshares), Indemnification Agreement (Northern Empire Bancshares)

Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section 12, the 5 Corporation may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become reasonably necessary to effect indemnification as provided herein.

Appears in 1 contract

Samples: Indemnification Agreement (Fuel Systems Solutions, Inc.)

Optional Means of Assuring Payment. Upon request by an the Indemnitee certifying that the Indemnitee has reasonable grounds to believe the Indemnitee may be made a party to a proceeding for which the Indemnitee may be entitled to be indemnified under this Section Paragraph 1, the Corporation Bank may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 1 contract

Samples: Indemnification Agreement (American River Bankshares)

AutoNDA by SimpleDocs

Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section 12, the Corporation may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become reasonably necessary to effect indemnification as provided herein.

Appears in 1 contract

Samples: Indemnification Agreement (Fuel Systems Solutions, Inc.)

Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section Paragraph 1, the Corporation Company may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 1 contract

Samples: Indemnification Agreement (Northern Empire Bancshares)

Optional Means of Assuring Payment. Upon request by an ----------------------------------- Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section Paragraph 1, the Corporation Company may, but is not required to, create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become necessary to effect indemnification as provided herein.

Appears in 1 contract

Samples: Indemnification Agreement (Northern Empire Bancshares)

Time is Money Join Law Insider Premium to draft better contracts faster.