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Exhibit
10.4
Indemnity
Agreement
This Indemnity Agreement, dated as of
,
is entered into by and between Global Crossing Limited, a company
organized under the laws of Bermuda (the “ Company
”), and the undersigned individual (the “
Indemnified Person ”).
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| Preliminary Statement |
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| A. |
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The Indemnified Person is currently a member of the board of
directors of or an officer of one or more subsidiaries of the
Company and in the future may become a member of the board of
directors of or an officer of one or more additional subsidiaries
of the Company (collectively, the “ Applicable
Subsidiaries ”). |
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| B. |
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The Company is willing to indemnify the Indemnified Person, as
specified herein, for personal liabilities arising from or in
connection with his acting as member of the board of directors of
or an officer of the Applicable Subsidiaries (the Indemnified
Person acting in such capacity now or at any time in the future is
referred to herein as a “ Member ”). |
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In consideration of the foregoing premises and for other good
and valuable consideration, the receipt and sufficiency of which
are
hereby acknowledged, the Indemnified Person and the Company agree
as follows: |
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| Agreement |
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| 1. |
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To the extent consistent with applicable law, the Indemnified
Person agrees to take action as a Member in accordance with the
constituent documents of the Applicable Subsidiaries and in a
manner believed by the Member to be in the best interests of each
such subsidiary’s shareholders. |
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| 2. |
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The Company hereby agrees to indemnify, release and hold
harmless the Indemnified Person out of the funds of the Company to
the fullest extent permitted by applicable law against all
liabilities, losses, damages or ex |
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