Oklahoma 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 Oklahoma Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legally binding document that outlines the terms and conditions for indemnification in the state of Oklahoma. This agreement is particularly important in financial transactions, providing protection to the Financial Corporation of Santa Barbara in case of any losses, claims, or damages incurred. The primary purpose of this indemnity agreement is to ensure that the Financial Corporation of Santa Barbara is indemnified and held harmless against any liabilities arising from its actions or inaction. It aims to protect the corporation from financial loss, legal disputes, or any other potential risks associated with its operations. The agreement typically consists of various sections, including the identification of parties involved, definitions of key terms, scope and extent of indemnification, exceptions and limitations, dispute resolution, and governing law provisions. It is crucial for all parties involved to thoroughly review and understand the terms outlined in this document before signing. In the state of Oklahoma, there may be different variations or types of indemnity agreements offered by the Financial Corporation of Santa Barbara. These agreements can vary depending on the specific circumstances, nature of the transaction, or the parties involved. Some potential variations may include specific indemnity agreements for loans, mortgages, leases, corporate transactions, or other financial activities offered by the corporation. When considering entering into an Oklahoma Form of Indemnity Agreement by Financial Corporation of Santa Barbara, it is highly recommended seeking legal advice to ensure a comprehensive understanding of the terms, obligations, and potential liabilities associated with the agreement. Additionally, both parties should negotiate and clarify any specific provisions or conditions based on their unique needs and requirements. Keywords: Oklahoma, Form of Indemnity Agreement, Financial Corporation of Santa Barbara, indemnification, liability, financial transactions, protection, losses, claims, damages, legal disputes, risks, parties involved, terms, signing, variations, loans, mortgages, leases, corporate transactions, legal advice, negotiation.

The Oklahoma Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legally binding document that outlines the terms and conditions for indemnification in the state of Oklahoma. This agreement is particularly important in financial transactions, providing protection to the Financial Corporation of Santa Barbara in case of any losses, claims, or damages incurred. The primary purpose of this indemnity agreement is to ensure that the Financial Corporation of Santa Barbara is indemnified and held harmless against any liabilities arising from its actions or inaction. It aims to protect the corporation from financial loss, legal disputes, or any other potential risks associated with its operations. The agreement typically consists of various sections, including the identification of parties involved, definitions of key terms, scope and extent of indemnification, exceptions and limitations, dispute resolution, and governing law provisions. It is crucial for all parties involved to thoroughly review and understand the terms outlined in this document before signing. In the state of Oklahoma, there may be different variations or types of indemnity agreements offered by the Financial Corporation of Santa Barbara. These agreements can vary depending on the specific circumstances, nature of the transaction, or the parties involved. Some potential variations may include specific indemnity agreements for loans, mortgages, leases, corporate transactions, or other financial activities offered by the corporation. When considering entering into an Oklahoma Form of Indemnity Agreement by Financial Corporation of Santa Barbara, it is highly recommended seeking legal advice to ensure a comprehensive understanding of the terms, obligations, and potential liabilities associated with the agreement. Additionally, both parties should negotiate and clarify any specific provisions or conditions based on their unique needs and requirements. Keywords: Oklahoma, Form of Indemnity Agreement, Financial Corporation of Santa Barbara, indemnification, liability, financial transactions, protection, losses, claims, damages, legal disputes, risks, parties involved, terms, signing, variations, loans, mortgages, leases, corporate transactions, legal advice, negotiation.