Change in Control of Company. The Company undertakes that in the ---------------------------- event of a Change in Control of the Company, the Company's obligations under this Agreement shall continue to be in effect following such Change in Control, and the Company shall take all necessary action to ensure that the party acquiring control of the Company shall independently undertake to continue in effect such Agreement, to maintain the provisions of the Articles of Association allowing indemnification and to indemnify Indemnitee in the event that the Company shall not have sufficient funds or otherwise shall not be able to fulfill its obligations hereunder.
Appears in 2 contracts
Sources: Indemnification & Liability (Viryanet LTD), Indemnification & Liability (Viryanet LTD)
Change in Control of Company. The Company undertakes that in the ---------------------------- event of a Change in Control of the Company, the Company's ’s obligations under this Agreement shall continue to be in effect following such Change in Control, and the Company shall take all necessary action to ensure that the party acquiring control of the Company shall independently undertake to continue in effect such Agreement, to maintain the provisions of the Articles of Association allowing indemnification and to indemnify Indemnitee in the event that the Company shall not have sufficient funds or otherwise shall not be able to fulfill its obligations hereunder.
Appears in 2 contracts
Sources: Director Insurance, Indemnification and Exculpation Agreement (Check Point Software Technologies LTD), Insurance, Indemnification and Exculpation Agreement (RRSat Global Communications Network Ltd.)
Change in Control of Company. The Company undertakes that in the ---------------------------- event of a Change in Control of the Company, the Company's obligations under this Agreement shall continue to be in effect following such Change in Control, and the Company shall take all necessary action to ensure that the party acquiring control of the Company shall independently undertake to continue in effect such Agreement, to maintain the provisions of the Articles of Association allowing indemnification and to indemnify Indemnitee in the event that the Company shall not have sufficient funds or otherwise shall not be able to fulfill its obligations hereunder.
Appears in 1 contract
Sources: Director Indemnification and Exculpation Agreement (Check Point Software Technologies LTD)