North Carolina Form of Indemnity Agreement by Financial Corporation of Santa Barbara

• Category: Corporations - Public - Indemnification
• State: Multi-State
• Control #: US-CC-17-104M
• Format: Word; Rich Text

Description

17-104M 17-104M . . . Indemnification Agreement authorizing (a) corporation to enter into Indemnity Agreements with each of its directors and officers and directors and officers of its first-tier subsidiaries and (b) establishment of Directors and Officers Indemnity Trust to (i) provide source of funds to secure corporation's obligations under Indemnity Agreements authorized under (a) above to directors and officers of corporation and its first-tier subsidiaries and (ii) advance expenses incurred by them in defense of actions, claims and proceedings against them relating to actions taken in their capacities as directors or officers The North Carolina Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legally binding document that outlines the terms and conditions of indemnification between the Financial Corporation of Santa Barbara and its clients or partners in North Carolina. This agreement serves as a means to protect both parties from any potential losses or liabilities that may arise during business operations. The North Carolina Form of Indemnity Agreement by Financial Corporation of Santa Barbara is crucial in establishing trust and a clear understanding of responsibilities. By signing this agreement, both parties acknowledge their obligations and agree to indemnify and hold harmless the Financial Corporation of Santa Barbara from any claims, damages, or losses incurred during the course of their business relationship. Some keywords relevant to this topic include: 1. North Carolina: As the agreement specifically pertains to clients or partners in North Carolina, it is important to clarify the jurisdiction in order to comply with the state's laws and regulations. 2. Form of Indemnity Agreement: This highlights the nature of the agreement, showcasing its purpose and the legal structure it follows. 3. Financial Corporation of Santa Barbara: This identifies the specific party involved in the agreement, providing credibility and accountability. 4. Indemnification: This refers to the act of compensating or protecting one party from potential losses, damages, or liabilities incurred by the other party. 5. Liabilities: Emphasizes the potential risks or obligations that may arise during business operations, which the agreement aims to address and protect against. Different types of the North Carolina Form of Indemnity Agreement by Financial Corporation of Santa Barbara may exist based on the specific requirements of the parties involved. These variations could be categorized by the type of business relationship or industry involved. Some possible types of agreements could include Indemnity Agreement for Real Estate Transactions, Indemnity Agreement for Corporate Mergers, or Indemnity Agreement for Financial Investments. The exact naming convention may vary depending on the specific needs and circumstances of the parties involved.

The North Carolina Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legally binding document that outlines the terms and conditions of indemnification between the Financial Corporation of Santa Barbara and its clients or partners in North Carolina. This agreement serves as a means to protect both parties from any potential losses or liabilities that may arise during business operations. The North Carolina Form of Indemnity Agreement by Financial Corporation of Santa Barbara is crucial in establishing trust and a clear understanding of responsibilities. By signing this agreement, both parties acknowledge their obligations and agree to indemnify and hold harmless the Financial Corporation of Santa Barbara from any claims, damages, or losses incurred during the course of their business relationship. Some keywords relevant to this topic include: 1. North Carolina: As the agreement specifically pertains to clients or partners in North Carolina, it is important to clarify the jurisdiction in order to comply with the state's laws and regulations. 2. Form of Indemnity Agreement: This highlights the nature of the agreement, showcasing its purpose and the legal structure it follows. 3. Financial Corporation of Santa Barbara: This identifies the specific party involved in the agreement, providing credibility and accountability. 4. Indemnification: This refers to the act of compensating or protecting one party from potential losses, damages, or liabilities incurred by the other party. 5. Liabilities: Emphasizes the potential risks or obligations that may arise during business operations, which the agreement aims to address and protect against. Different types of the North Carolina Form of Indemnity Agreement by Financial Corporation of Santa Barbara may exist based on the specific requirements of the parties involved. These variations could be categorized by the type of business relationship or industry involved. Some possible types of agreements could include Indemnity Agreement for Real Estate Transactions, Indemnity Agreement for Corporate Mergers, or Indemnity Agreement for Financial Investments. The exact naming convention may vary depending on the specific needs and circumstances of the parties involved.