Common use of Advances of Expenses Clause in Contracts

Advances of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable corporate law; provided that the Indemnitee shall undertake in writing to repay any advances if it is ultimately determined that the Indemnitee is not entitled to indemnification.

Appears in 60 contracts

Samples: Indemnity Agreement (Skkynet Cloud Systems, Inc.), Indemnity Agreement (Skkynet Cloud Systems, Inc.), Indemnity Agreement (UEG-Green Energy Solutions/Alberta, Inc.)

AutoNDA by SimpleDocs

Advances of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable corporate law; provided that the Indemnitee shall undertake in writing to repay any advances if it is ultimately determined that the Indemnitee is not entitled to indemnificationindemnification by the Company.

Appears in 3 contracts

Samples: Indemnification Agreement (American States Water Co), Indemnification Agreement (Golden State Water CO), Indemnification Agreement (Golden State Water CO)

Advances of Expenses. The Expenses incurred by the Indemnitee in connection with any Proceeding shall be paid promptly by the Company in advance of the final disposition of the Proceeding at the written request of the Indemnitee Indemnitee, and within ten (10) business days of such request, to the fullest extent permitted by applicable corporate lawthe Law; provided provided, however, that the Indemnitee shall undertake in writing to repay any advances if such amount to the extent that it is ultimately determined that the Indemnitee is not entitled to indemnificationindemnification by the Company.

Appears in 2 contracts

Samples: Indemnification Agreement (Balqon Corp.), Indemnification Agreement (Mmax Media, Inc.)

Advances of Expenses. The Expenses incurred by the Indemnitee in connection with any Proceeding shall be paid promptly by the Company Company, in advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable corporate lawIndemnitee; provided that the Indemnitee shall undertake in writing to repay any advances if it is ultimately conclusively determined by a court of competent jurisdiction that the Indemnitee is not entitled to indemnificationindemnification under this Agreement or otherwise. The Indemnitee’s obligation to reimburse the Company for advanced Expenses shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnity Agreement (Catellus Development Corp), Indemnity Agreement (Catellus Development Corp)

Advances of Expenses. The Expenses incurred by the Indemnitee in connection with any Proceeding shall shall, at the option of the Indemnitee, be immediately paid promptly (whether in whole in or part) by the Company Corporation in advance of the final disposition of the Proceeding at thereof upon the written request of the Indemnitee to the fullest extent permitted by applicable corporate law; provided that Indemnitee, PROVIDED THAT the Indemnitee shall undertake in writing to repay any advances such amount if and to the extent it is ultimately determined that the Indemnitee is not entitled to indemnification.

Appears in 2 contracts

Samples: CDC Corp, CDC Software CORP

Advances of Expenses. The Expenses incurred by the Indemnitee in connection with any Proceeding shall be paid promptly by the Company in advance of the a final disposition of the Proceeding at such Proceeding, promptly upon the written request of the Indemnitee to the fullest extent permitted by applicable corporate law; provided that the Indemnitee, if Indemnitee shall undertake in writing (without the need for security therefor) to repay any advances such amount if and to the extent that it is ultimately determined that the Indemnitee is not entitled to indemnificationindemnification for such Expenses.

Appears in 2 contracts

Samples: Indemnity Agreement (Triton Energy LTD), Indemnity Agreement (Triton Energy LTD)

Advances of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable corporate law; provided that the Indemnitee shall undertake in writing to repay any advances if it is ultimately determined that the Indemnitee is not entitled to indemnificationIndemnification.

Appears in 1 contract

Samples: Indemnity Agreement (United States Properties Inc)

AutoNDA by SimpleDocs

Advances of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable corporate law; provided that the Indemnitee shall undertake in writing to repay any advances if it is ultimately determined that the Indemnitee is not entitled en titled to indemnification.

Appears in 1 contract

Samples: Indemnity Agreement (Fidelity Holdings Inc)

Advances of Expenses. The Expenses incurred by the Indemnitee indemnitee in any Proceeding shall be paid promptly by the Company in advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable corporate law; provided that the Indemnitee shall undertake in writing to repay any an advances if it is ultimately determined that the Indemnitee is not entitled to indemnification.

Appears in 1 contract

Samples: Indemnity Agreement (Redox Technology Corp)

Advances of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable corporate lawIndemnitee; provided that the Indemnitee shall undertake in writing to repay any such advances if it is ultimately determined a final judgment or other final adjudication by a court having jurisdiction in the matter shall determine that the Indemnitee is not entitled to indemnificationindemnification under this Agreement.

Appears in 1 contract

Samples: Form of Indemnity Agreement (Hawaiian Electric Industries Inc)

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