Common use of Advances and Expenses Clause in Contracts

Advances and Expenses. Expenses incurred by Indemnitee in connection with any Proceeding shall be paid by the Corporation in advance of the final disposition thereof upon the written request of Indemnitee, if Indemnitee shall undertake to repay such amount if and to the extent it is ultimately determined that Indemnitee is not entitled to indemnification.

Appears in 12 contracts

Samples: Indemnification Agreement (Energy Producers Inc), Indemnity Agreement (Energy Producers Inc), Indemnification Agreement (Energy Producers Inc)

AutoNDA by SimpleDocs

Advances and Expenses. Expenses incurred by Indemnitee in connection with any Proceeding shall be paid by the Corporation in advance of the final disposition thereof upon the written request of Indemnitee, if Indemnitee shall undertake to repay such amount if and to the extent it is ultimately determined that Indemnitee is not entitled to indemnification.. INDEMNIFICATION

Appears in 2 contracts

Samples: Indemnification Agreement (Energy Producers Inc), Indemnification Agreement (Energy Producers Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!