Examples of Indemnified Officers and Directors in a sentence
The procedures associated with such indemnification shall be the same (or in any event no less favorable to the Indemnified Officers and Directors) as those associated with the Indemnified Officer and Director’s indemnification from the Company immediately prior to the date hereof (provided, however, that Buyer shall have no obligation under any “change-in-control” or similar provisions.
The procedures associated with such indemnification shall be the same (or in any event no less favorable to the Indemnified Officers and Directors) as those associated with the Indemnified Officer and Director’s indemnification from the applicable Company Entity immediately prior to the date hereof (provided, however, that Buyer shall have no obligation under any “change-in-control” or similar provisions.
The merits of relative costs and benefits of regulatory programs, though a distinctly neoliberal framing, are subject to substantive policy debate.
Upon written request of any one or more Indemnified Officers and Directors, the Board of Directors may, in its reasonable discretion, apply funds that would be used in respect of the defense of an indemnified claim to the settlement thereof if such settlement payment will be less than the reasonably anticipated cost of such a defense and such application would be in the best interests of Reorganized RBX.
Reorganized RBX shall obtain and maintain for a period of not less than five (5) years pre-paid, fully-earned premium, indemnity insurance policies ("Post-Confirmation Policies") covering the Indemnified Officers and Directors and the officers and directors of the Reorganized RBX on terms no less favorable than are provided in the Current Policies, having terms of no less than five (5) years.
Reorganized RBX will obtain and maintain for a period of not less than five (5) years pre-paid, fully-earned premium, indemnity insurance policies ("Post-Confirmation Policies") covering the Indemnified Officers and Directors and the officers and directors of the Reorganized RBX on terms no less favorable than are provided in the Current Policies, having terms of no less than five (5) years.
The obligations of the Companies and the Subsidiaries under this Section 4.11(a) shall not be terminated or modified in such a manner as to adversely affect any Indemnified Party to whom this Section 4.11(a) applies without the consent of such affected Indemnified Party (it being expressly agreed that the Indemnified Officers and Directors to whom this Section 4.11(a) applies shall be third party beneficiaries of this Section 4.11(a)).
To the extent Buyer has purchased, or has caused the Company to purchase, director's and officer's insurance, Buyer shall maintain coverage for the Indemnified Officers and Directors.
The procedures associated with such indemnification shall be the same (or in any event no less favorable to the Indemnified Officers and Directors) as those associated with the Indemnified Officer and Director’s indemnification from the applicable Company Entity immediately prior to the date hereof (provided, however, that Buyer shall have no obligation under any “change-in-control” or similar provisions other than as set forth in Section 6.9).
For example, the issues on class certification would likely be the same as to the Indemnified Officers and Directors as they would be for the Foreign Debtor.