Dallas Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara

• Category: Corporations - Public - Indemnification
• State: Multi-State
• County: Dallas
• 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 Dallas Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara is an important legal instrument used to protect individuals or entities from financial losses or damages. This agreement outlines the terms and conditions under which Santa Barbara Financial Corporation will indemnify the party named in the agreement. Key relevant keywords for this topic include: Dallas Texas, Form of Indemnity Agreement, Financial Corporation, Santa Barbara, legal instrument, protect, individuals, entities, financial losses, damages, terms, conditions, indemnify. This specific form of indemnity agreement offered by Santa Barbara Financial Corporation serves as a binding contract between the corporation and the party seeking indemnification. It is designed to provide security and assurance that the party will be reimbursed for any financial losses or damages incurred due to certain specified events or circumstances. The Dallas Texas Form of Indemnity Agreement typically covers a wide range of situations, such as legal claims, liabilities, lawsuits, damages, penalties, fines, or costs that the party may face. By signing this agreement, the party is essentially transferring the risk to Santa Barbara Financial Corporation, which agrees to bear the financial burden arising from these events. There may be different types or variations of the Dallas Texas Form of Indemnity Agreement offered by Santa Barbara Financial Corporation, depending on the specific needs and requirements of the party seeking indemnification. Some possible variations may include: 1. General Indemnification Agreement: This is a standard form of indemnity agreement that provides broad protection to the party against various potential risks and liabilities. 2. Indemnification Agreement for Directors and Officers: This type of agreement specifically focuses on protecting directors and officers of an organization from legal actions or liabilities arising from their roles and responsibilities. 3. Indemnity Agreement for Contractors or Vendors: This agreement is tailored for contractors or vendors working with Santa Barbara Financial Corporation and aims to indemnify them from any losses or damages incurred while performing their contractual obligations. 4. Indemnification Agreement for Business Transactions: This type of agreement is specific to indemnifying parties involved in mergers, acquisitions, sales, or other business transactions, ensuring they are protected from any potential financial risks or liabilities associated with the transaction. Overall, the Dallas Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara provides crucial protection and peace of mind to parties involved, mitigating potential financial losses and creating a legally binding commitment between the corporation and the indemnified party.

The Dallas Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara is an important legal instrument used to protect individuals or entities from financial losses or damages. This agreement outlines the terms and conditions under which Santa Barbara Financial Corporation will indemnify the party named in the agreement. Key relevant keywords for this topic include: Dallas Texas, Form of Indemnity Agreement, Financial Corporation, Santa Barbara, legal instrument, protect, individuals, entities, financial losses, damages, terms, conditions, indemnify. This specific form of indemnity agreement offered by Santa Barbara Financial Corporation serves as a binding contract between the corporation and the party seeking indemnification. It is designed to provide security and assurance that the party will be reimbursed for any financial losses or damages incurred due to certain specified events or circumstances. The Dallas Texas Form of Indemnity Agreement typically covers a wide range of situations, such as legal claims, liabilities, lawsuits, damages, penalties, fines, or costs that the party may face. By signing this agreement, the party is essentially transferring the risk to Santa Barbara Financial Corporation, which agrees to bear the financial burden arising from these events. There may be different types or variations of the Dallas Texas Form of Indemnity Agreement offered by Santa Barbara Financial Corporation, depending on the specific needs and requirements of the party seeking indemnification. Some possible variations may include: 1. General Indemnification Agreement: This is a standard form of indemnity agreement that provides broad protection to the party against various potential risks and liabilities. 2. Indemnification Agreement for Directors and Officers: This type of agreement specifically focuses on protecting directors and officers of an organization from legal actions or liabilities arising from their roles and responsibilities. 3. Indemnity Agreement for Contractors or Vendors: This agreement is tailored for contractors or vendors working with Santa Barbara Financial Corporation and aims to indemnify them from any losses or damages incurred while performing their contractual obligations. 4. Indemnification Agreement for Business Transactions: This type of agreement is specific to indemnifying parties involved in mergers, acquisitions, sales, or other business transactions, ensuring they are protected from any potential financial risks or liabilities associated with the transaction. Overall, the Dallas Texas Form of Indemnity Agreement by Financial Corporation of Santa Barbara provides crucial protection and peace of mind to parties involved, mitigating potential financial losses and creating a legally binding commitment between the corporation and the indemnified party.