Common use of Tail Coverage Clause in Contracts

Tail Coverage. In the event of a Change of Control or the Company’s becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six years thereafter.

Appears in 53 contracts

Samples: Indemnification Agreement (Getaround, Inc), Indemnification Agreement (Getaround, Inc), Indemnification Agreement (Mudrick Capital Management, L.P.)

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Tail Coverage. In the event of a Change of Control or the Company’s becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six seven years thereafter.

Appears in 6 contracts

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

Tail Coverage. In the event of a Change of Control or the Company’s Company becoming insolvent (including being placed into receivership or entering the federal bankruptcy process into liquidation or provisional liquidation and the like), the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of the Indemnitee, for a period of six years thereafter.

Appears in 4 contracts

Samples: Indemnification Agreement (Lilium B.V.), Indemnification Agreement, Indemnification and Advancement Agreement (Farfetch LTD)

Tail Coverage. In the event of a Change of Control or the Company’s 's becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors' and officers' liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six years thereafter.

Appears in 3 contracts

Samples: Indemnification Agreement (Sezzle Inc.), Unico American Corporation Indemnification Agreement (Unico American Corp), Independent Contractor Agreement (Elite Data Services, Inc.)

Tail Coverage. In the event of a Change of Control or the Company’s Company becoming insolvent (including being placed into receivership or entering the federal bankruptcy process into liquidation or provisional liquidation and the like), the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors' and officers' liability, fiduciary, employment practices or otherwise) in respect of the Indemnitee, for a period of six years thereafter.

Appears in 2 contracts

Samples: Indemnification Agreement (VEON Ltd.), Indemnification and Advancement Agreement (Farfetch LTD)

Tail Coverage. In the event of a Change of Control or the Company’s becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), and to the extent that such coverage is available on commercially reasonable terms, the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six three years thereafter.

Appears in 2 contracts

Samples: Indemnification Agreement (2U, Inc.), Indemnification Agreement (2U, Inc.)

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Tail Coverage. In the event of a Change of Control or the Company’s Company becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), the Company shall shall, to the extent permissible by applicable law and the Articles, maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six years thereafter.

Appears in 1 contract

Samples: Indemnification Agreement (Mynd.ai, Inc.)

Tail Coverage. In the event of a Change of Control or the Company’s 's becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), the Company shall use best efforts to maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors' and officers' liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six years thereafter.

Appears in 1 contract

Samples: Independent Contractor Agreement (Elite Data Services, Inc.)

Tail Coverage. In the event of a Change of Control or the Company’s becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), the Company (and any successor entity, if applicable) shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six years thereafter.

Appears in 1 contract

Samples: Indemnification Agreement (Dave Inc./De)

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