Alameda California Form of Indemnity Agreement by Financial Corporation of Santa Barbara

• Category: Corporations - Public - Indemnification
• State: Multi-State
• County: Alameda
• 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 "Alameda California Form of Indemnity Agreement" is a legal document used by the Financial Corporation of Santa Barbara to protect itself against potential losses or damages arising from specific actions or situations. This agreement serves as a contract between the corporation and the indemnity, who promises to reimburse the corporation for any incurred costs or liabilities resulting from their actions. This indemnity agreement is specifically designed for individuals or entities located in Alameda, California, and ensures that both parties understand and agree to their respective rights and responsibilities. It provides a clear outline of the terms and conditions under which the indemnity will be enforced. Keywords: Alameda California, form of indemnity agreement, Financial Corporation of Santa Barbara. Different types of Alameda California Form of Indemnity Agreements by Financial Corporation of Santa Barbara may include: 1. Alameda California Form of Indemnity Agreement for Personal Guarantees: This agreement is tailored for individuals who are acting as personal guarantors for loans or credit facilities provided by the Financial Corporation of Santa Barbara. It outlines the specific terms and conditions under which the guarantor is responsible for indemnifying the corporation. 2. Alameda California Form of Indemnity Agreement for Business Contracts: This agreement is used in the context of business contracts, where the Financial Corporation of Santa Barbara requires the counterparty to provide indemnity for any contractual breaches or damages incurred. It establishes the agreement between both parties, ensuring that the Financial Corporation of Santa Barbara is protected against potential financial losses. 3. Alameda California Form of Indemnity Agreement for Real Estate Transactions: This type of agreement is used in real estate transactions where the Financial Corporation of Santa Barbara requires additional protection against potential losses arising from issues such as title defects, environmental liabilities, or property damage claims. It outlines the specific indemnification terms related to real estate transactions in Alameda, California. Note: The specific types of Alameda California Form of Indemnity Agreements by Financial Corporation of Santa Barbara may vary depending on the nature of the business and the agreements entered into. It is important for individuals or entities to review the specific agreement provided by the Financial Corporation of Santa Barbara to ensure it meets their unique needs.

The "Alameda California Form of Indemnity Agreement" is a legal document used by the Financial Corporation of Santa Barbara to protect itself against potential losses or damages arising from specific actions or situations. This agreement serves as a contract between the corporation and the indemnity, who promises to reimburse the corporation for any incurred costs or liabilities resulting from their actions. This indemnity agreement is specifically designed for individuals or entities located in Alameda, California, and ensures that both parties understand and agree to their respective rights and responsibilities. It provides a clear outline of the terms and conditions under which the indemnity will be enforced. Keywords: Alameda California, form of indemnity agreement, Financial Corporation of Santa Barbara. Different types of Alameda California Form of Indemnity Agreements by Financial Corporation of Santa Barbara may include: 1. Alameda California Form of Indemnity Agreement for Personal Guarantees: This agreement is tailored for individuals who are acting as personal guarantors for loans or credit facilities provided by the Financial Corporation of Santa Barbara. It outlines the specific terms and conditions under which the guarantor is responsible for indemnifying the corporation. 2. Alameda California Form of Indemnity Agreement for Business Contracts: This agreement is used in the context of business contracts, where the Financial Corporation of Santa Barbara requires the counterparty to provide indemnity for any contractual breaches or damages incurred. It establishes the agreement between both parties, ensuring that the Financial Corporation of Santa Barbara is protected against potential financial losses. 3. Alameda California Form of Indemnity Agreement for Real Estate Transactions: This type of agreement is used in real estate transactions where the Financial Corporation of Santa Barbara requires additional protection against potential losses arising from issues such as title defects, environmental liabilities, or property damage claims. It outlines the specific indemnification terms related to real estate transactions in Alameda, California. Note: The specific types of Alameda California Form of Indemnity Agreements by Financial Corporation of Santa Barbara may vary depending on the nature of the business and the agreements entered into. It is important for individuals or entities to review the specific agreement provided by the Financial Corporation of Santa Barbara to ensure it meets their unique needs.