Common use of Advance Payment of Costs Clause in Contracts

Advance Payment of Costs. Expenses incurred by Indemnitee in defending a claim against him in a Proceeding shall be paid by the Corporation as incurred and in advance of the final disposition of such Proceeding; provided, however, that Expenses of defense need not be paid as incurred and in advance where the judicial agent of first impression has decided the Indemnitee is not entitled to be indemnified pursuant to this Agreement or otherwise. Indemnitee hereby agrees and undertakes to repay such amounts advanced if it shall be decided in a Proceeding that he is not entitled to be indemnified by the Corporation pursuant to this Agreement or otherwise.

Appears in 20 contracts

Samples: S Indemnity Agreement, Employment Agreement (Coda Octopus Group, Inc.), Director’s Agreement (Coda Octopus Group, Inc.)

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Advance Payment of Costs. Expenses incurred by Indemnitee in defending a claim against him in a Proceeding proceeding shall be paid by the Corporation as incurred and in advance of the final disposition of such Proceeding; provided, however, that Expenses of defense need not be paid as incurred and in advance where the judicial agent of first impression has decided the Indemnitee is not entitled to be indemnified pursuant to this Agreement or otherwiseproceeding. Indemnitee hereby agrees and undertakes to repay such amounts advanced if it shall be decided in a Proceeding proceeding that he is not entitled to be indemnified by the Corporation pursuant to this Agreement or otherwise.

Appears in 1 contract

Samples: Indemnity Agreement (Allied Research Corp)

Advance Payment of Costs. Expenses incurred by Indemnitee in defending a claim against him in a Proceeding shall be paid by the Corporation as incurred and in advance of the final disposition of such Proceeding; provided, however, that Expenses of defense need not be paid as incurred and in advance where the judicial agent of first impression has decided the Indemnitee is not entitled to be indemnified pursuant to this Agreement or otherwise. Indemnitee hereby agrees and undertakes to repay such amounts advanced if it shall be decided in a Proceeding that he Indemnitee is not entitled to be indemnified by the Corporation pursuant to this Agreement or otherwise.

Appears in 1 contract

Samples: Indemnity Agreement (SCP Pool Corp)

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Advance Payment of Costs. Expenses incurred by the Indemnitee in ------------------------ defending a claim against him in a Proceeding shall be paid by the Corporation as incurred and in advance of the final disposition of such Proceeding; provided, however, that Expenses of defense need not be paid as incurred and in advance where the judicial agent of first impression has decided the Indemnitee is not entitled to be indemnified pursuant to this Agreement or otherwise. The Indemnitee hereby agrees and undertakes to repay such amounts advanced if it shall be decided in a Proceeding that he or she is not entitled to be indemnified by the Corporation pursuant to this Agreement or otherwise.

Appears in 1 contract

Samples: Indemnity Agreement (Video City Inc)

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