Common use of Expenses Payable in Advance Clause in Contracts

Expenses Payable in Advance. Expenses incurred by a Covered Person in defending or investigating a threatened or pending action, suit or Proceeding shall be paid by the Partnership in advance of the final disposition of such action, suit or Proceeding upon receipt of an unsecured undertaking by or on behalf of such Covered Person to repay such amount if it shall ultimately be determined that such Covered Person is not entitled to be indemnified by the Partnership as authorized by this Article VIII.

Appears in 2 contracts

Samples: Agreement (Eclipse Resources Corp), Eclipse Resources Corp

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Expenses Payable in Advance. Expenses incurred by a Covered Person in defending or investigating a threatened or pending action, suit or Proceeding shall be paid by the Partnership Company in advance of the final disposition of such action, suit or Proceeding upon receipt of an unsecured undertaking by or on behalf of such Covered Person to repay such amount if it shall ultimately be determined that such Covered Person is not entitled to be indemnified by the Partnership Company as authorized by this Article VIIIVII.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Georesources Inc)

Expenses Payable in Advance. Expenses incurred by a Covered Person in defending or investigating a threatened or pending action, suit or Proceeding shall be paid by the Partnership Company in advance of the final disposition of such action, suit or Proceeding upon receipt of an unsecured undertaking by or on behalf of such Covered Person to repay such amount if it shall ultimately be determined that such Covered Person is not entitled to be indemnified by the Partnership Company as authorized by this Article VIII.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Westmoreland Coal Co)

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Expenses Payable in Advance. Expenses incurred by a Covered Person in defending or investigating a threatened or pending action, suit or Proceeding shall be paid by the Partnership Resources or any of its Subsidiaries in advance of the final disposition of such action, suit or Proceeding upon receipt of an unsecured undertaking by or on behalf of such Covered Person to repay such amount if it shall ultimately be determined that such Covered Person is not entitled to be indemnified by the Partnership Resources or any of its Subsidiaries as authorized by this Article VIIIIX.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Antero Resources Finance Corp)

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