Common use of Expenses; Repayment Assurances Clause in Contracts

Expenses; Repayment Assurances. No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 36 contracts

Samples: Rights Agreement (Akers Biosciences, Inc.), Rights Agreement (BioSig Technologies, Inc.), Rights Agreement (Chembio Diagnostics, Inc.)

AutoNDA by SimpleDocs

Expenses; Repayment Assurances. No provision of this Agreement ------------------------------ shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 2 contracts

Samples: Rights Agreement (Cellstar Corp), Rights Agreement (Cellstar Corp)

Expenses; Repayment Assurances. No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it. The Rights Agent may, in its sole discretion, before taking any action which would necessitate expending funds for expenses that are reimbursable under this Agreement, require prepayment of such expenses.

Appears in 2 contracts

Samples: Rights Agreement (Bi Inc), Rights Agreement (Bi Inc)

Expenses; Repayment Assurances. No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if there shall be reasonable grounds for believing it believes that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 1 contract

Samples: Rights Agreement (Callon Petroleum Co)

AutoNDA by SimpleDocs

Expenses; Repayment Assurances. No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if there shall be reasonable grounds for believing it reasonably believes that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 1 contract

Samples: Rights Agreement (Cellstar Corp)

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