Common use of Securing of Indemnification Obligations Clause in Contracts

Securing of Indemnification Obligations. To further effect, --------------------------------------- satisfy or secure the indemnification obligations provided herein or otherwise, the corporation may maintain insurance, obtain a letter of credit, act as self- insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the corporation, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the board of directors shall deem appropriate. Absent fraud, the determination of the board of directors with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, officers and directors and shall not be subject to voidability.

Securing of Indemnification Obligations. To further effect, --------------------------------------- satisfy or secure the indemnification obligations provided herein or otherwise, the corporation Company may maintain insurance, obtain a letter of credit, act as self- self-insurer, create a reserve, trust, escrow, cash cash, collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the corporationCompany, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the board Board of directors Managers shall deem appropriate. Absent fraud, the determination of the board Board of directors Managers with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, officers and directors Indemnified Parties and shall not be subject to voidabilityvoidable.

Securing of Indemnification Obligations. To further effect, --------------------------------------- satisfy or secure the indemnification obligations provided herein in this Article or otherwise, the corporation Company may maintain insurance, obtain a letter of credit, act as self- self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the corporationCompany, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as a Supermajority in Interest of the board of directors Members shall deem appropriate. Absent fraud, the determination of the board of directors Members with respect to such amounts, costs, terms and conditions shall be conclusive against all Members, security holders, holders and officers and directors and shall not be subject to voidability.

Securing of Indemnification Obligations. To further effect, --------------------------------------- satisfy or secure the indemnification obligations provided herein or otherwise, the corporation may maintain insurance, obtain a letter of credit, act as self- self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the corporation, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the board Board of directors Directors shall deem appropriate. Absent fraud, the determination of the board Board of directors Directors with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, officers and directors and shall not be subject to voidability.