Common use of Expenses Payable in Advance Clause in Contracts

Expenses Payable in Advance. Expenses (including attorneys’ and other professionals’ disbursements and fees and court costs) incurred by an Indemnified Person in defending any civil, criminal, administrative or investigative action, suit or proceeding 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 such Director or officer to repay such amount if it shall ultimately be determined that such Person is not entitled to be indemnified by the Company as authorized in this Section 5.19. Such expenses (including attorneys’ fees) incurred by former Directors and officers or other employees and agents may be so paid upon such terms and conditions, if any, as the Company deems appropriate.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)

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Expenses Payable in Advance. Expenses (including attorneys’ and other professionals’ disbursements and fees and court costsfees) incurred by an Indemnified Person a present or former director or officer in defending any civil, criminal, administrative or investigative action, suit or proceeding shall shall, to the fullest extent not prohibited by applicable law, be paid by the Company Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such Director director or officer to repay such amount if it shall ultimately be determined that such Person person is not entitled to be indemnified by the Company Corporation as authorized in this Section 5.19Article VII. Such expenses (including attorneys’ fees) incurred by former Directors directors and officers or other employees and agents may be so paid upon such terms and conditions, if any, as the Company Corporation deems appropriate.

Appears in 1 contract

Samples: Transaction Agreement (Advanced Emissions Solutions, Inc.)

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