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
Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara
Category:
State:
Multi-State
Control #:
US-CC-17-104M
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Form Of Indemnity Agreement By Financial Corporation Of Santa Barbara?
Choosing the right legitimate document template can be quite a struggle. Needless to say, there are plenty of layouts available online, but how can you discover the legitimate form you will need? Take advantage of the US Legal Forms site. The services offers a huge number of layouts, such as the Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara, which you can use for company and private requires. All the forms are inspected by pros and meet state and federal specifications.
When you are presently signed up, log in to your profile and click on the Obtain switch to find the Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara. Utilize your profile to check from the legitimate forms you might have purchased previously. Proceed to the My Forms tab of your profile and have another backup of the document you will need.
When you are a new user of US Legal Forms, listed here are easy guidelines that you can comply with:
- Very first, make certain you have chosen the appropriate form for your personal area/county. You may check out the shape making use of the Preview switch and browse the shape information to make sure it is the best for you.
- If the form fails to meet your requirements, make use of the Seach area to discover the proper form.
- When you are certain that the shape is proper, select the Acquire now switch to find the form.
- Select the prices program you want and enter in the essential information. Build your profile and purchase an order utilizing your PayPal profile or Visa or Mastercard.
- Opt for the submit formatting and down load the legitimate document template to your gadget.
- Complete, change and produce and indication the attained Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara.
US Legal Forms is the biggest catalogue of legitimate forms that you can see various document layouts. Take advantage of the company to down load skillfully-made papers that comply with status specifications.
Form popularity
FAQ
How to Write an Indemnity Agreement Consider the Indemnity Laws in Your Area. ... Draft the Indemnification Clause. ... Outline the Indemnification Period and Scope of Coverage. ... State the Indemnification Exceptions. ... Specify How the Indemnitee Notifies the Indemnitor About Claims. ... Write the Settlement and Consent Clause.
There are three main types of express indemnity clauses: broad form, intermediate form, and limited form. Broad form express indemnity clauses require the indemnitor to hold the indemnitee harmless for all liability, even if the indemnitee is solely at fault.
For example, in the case of home insurance, the homeowner pays insurance premiums to the insurance company in exchange for the assurance that the homeowner will be indemnified if the house sustains damage from fire, natural disasters, or other perils specified in the insurance agreement.
Indemnity Agreement: Although similar to a hold harmless agreement, an indemnity agreement is an arrangement whereby one party agrees to pay the other party for any damages regardless of who is at fault.
Under this type of indemnity agreement, each party is responsible for acts caused by its negligence. Each party agrees to hold the other harmless for actions caused by its negligence. ?To spot a comparative form indemnity agreement, look for the term ?only to the extent.?
How Do You Create an Indemnification Agreement? Named Parties and Contractual Relationship. ... Governing Law and Jurisdiction. ... Indemnification Clause. ... Scope of Coverage. ... Exceptions. ... Notice and Defense of a Claim. ... Settlement and Consent Clause. ... Enforcement.
An indemnity agreement should be signed by both the indemnitor and the indemnitee. The indemnitor is the party who agrees to pay for any damages or losses that may incur, while the indemnitee is the party who agrees to be protected by the indemnity agreement.
Such letters are traditionally drafted by third-party institutions like banks or insurance companies, which agree to pay financial restitution to one of the parties, should the other party fail to live up to its obligations.