Optional Trust. The Company may, but shall not be 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 amounts as may be necessary to satisfy its obligations to indemnify and advance Expenses pursuant to this Agreement.
Appears in 8 contracts
Sources: Indemnification Agreement (Biomarin Pharmaceutical Inc), Indemnification Agreement (T3 Motion, Inc.), Indemnification Agreement (Aeolus Pharmaceuticals, Inc.)
Optional Trust. The Company may, but shall is not be required to 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 amounts as may be necessary to satisfy its obligations to indemnify and advance Expenses pursuant to this Agreement.
Appears in 6 contracts
Sources: Indemnification Agreement (AutoWeb, Inc.), Indemnification Agreement (AutoWeb, Inc.), Indemnification Agreement (Autobytel Inc)
Optional Trust. The Company may, but shall not be required to 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 amounts as may be necessary to satisfy its obligations to indemnify and advance Expenses pursuant to this Agreement.
Appears in 1 contract
Sources: Indemnification Agreement (Viking Therapeutics, Inc.)