Common use of Expenses Indemnification Procedure Clause in Contracts

Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses (including attorney's fees) incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal, administrative or investigative action, suit or proceeding referenced in Section 1(a) hereof. Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to his right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement. In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee's power.

Appears in 2 contracts

Samples: Indemnification Agreement (Micron Electronics Inc), Indemnification Agreement (McMS Inc)

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Expenses Indemnification Procedure. (a) Advancement of ExpensesADVANCE OF EXPENSES. The Company shall advance all expenses Expenses (including attorney's attorneys' fees) incurred by Indemnitee in connection with the investigationdefending any civil, defense, settlement or appeal of any civil or criminal, administrative or investigative action, suit or proceeding referenced described in Section 1(a) hereof. or (b) hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, amount if it shall ultimately be determined that Indemnitee he or she is not entitled to be indemnified by the Company as authorized herebyunder this Agreement. (b) NoticeNOTICE/Cooperation by IndemniteeCOOPERATION BY INDEMNITEE. Indemnitee shall, as a condition precedent to his or her right to be indemnified under this Agreement, give the Company notice in writing as soon as reasonably practicable of any claim made against Indemnitee for which indemnification is or will or could be sought under this Agreement. Notice to the Company shall be directed to the Company at the address shown in Section 11 of this Agreement (or such address as the Company shall designate in writing to Indemnitee). In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee's power.

Appears in 1 contract

Samples: Indemnification Agreement (Cit Group Inc Del)

Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses (including attorney's fees) ----------------------- incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal, administrative or investigative criminal action, suit or proceeding referenced referred to in Section 1(a) hereofor Section I (b) hereof (including amounts actually paid in settlement of any such action, suit or proceeding). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. (b) Notice/Cooperation cooperation by Indemnitee. Indemnitee shall, as a -------------------------------- condition precedent to his or her right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement. Notice to the Company shall be directed to the Chief Executive Officer of the Company and shall be given in accordance with the provisions of Section 12(d) below. In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee's power.

Appears in 1 contract

Samples: Indemnification Agreement (Iown Holdings Inc)

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Expenses Indemnification Procedure. (a) Advancement of Expenses. The Company shall advance all expenses (including attorney's fees) incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal, administrative or investigative action, suit criminal action or proceeding referenced in Section 1(a) hereofor (b) hereof (but not amounts actually paid in settlement of any such action or proceeding). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of a written request therefor by Indemnitee to the Company, accompanied by such supporting documentation as may be reasonably requested by the Company. (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to his right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement. In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee's ’s power.

Appears in 1 contract

Samples: Indemnification Agreement (LCE AcquisitionSub, Inc.)

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