Common use of Mandatory Advance Clause in Contracts

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 11 contracts

Samples: Indemnification Agreement (Lets Talk Cellular & Wireless Inc), Form of Indemnification Agreement (Winston Furniture Co of Alabama Inc), Indemnification Agreement (Newtech Corp)

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Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 4 contracts

Samples: Indemnification Agreement (Sportsline Usa Inc), Indemnification Agreement (Dental Care Alliance Inc), Indemnification Agreement (Miami Cruiseline Services Holdings I B V)

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in Section Sections 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 4 contracts

Samples: Indemnification Agreement (Metalogics Inc), Indemnification Agreement (Compass Plastics & Technologies Inc), Indemnification Agreement (Rexx Environmental Corp)

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 days following the Indemnitee's ’s delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 2 contracts

Samples: Indemnification Agreement (Radiation Therapy Services Holdings, Inc.), Indemnification Agreement (Terremark Worldwide Inc)

Mandatory Advance. Expenses All costs and expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling settling, or appealing any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company Corporation in advance of the final disposition of such action, suit or proceeding. The Company Corporation shall promptly pay the amount of such costs and expenses to the Indemnitee, but in no event later than 10 7 days following the IndemniteeIndemnity's delivery to the Company Corporation of a written request for an advance pursuant to this Section 78, together with a reasonable accounting of such costs and expenses.

Appears in 2 contracts

Samples: Indemnification Agreement (Sagemark Companies LTD), Indemnification Agreement (Sagemark Companies LTD)

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing appealing, or being or preparing to be a witness in, any action, suit or proceeding described in Section 1 or Section 2 hereof shall shall, subject to Section 13 hereof, be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 5 days following the Indemnitee's ’s delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Castle Brands Inc)

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing appealing, or being or preparing to be a witness in, any action, suit or proceeding described in Section 1 or 2 hereof shall shall, subject to Section 13 hereof, be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 5 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Pediatrix Medical Group Inc)

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing appealing, or being or preparing to be a witness in, any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 5 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Mego Financial Corp)

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Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing appealing, or being or preparing to be a witness in, any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Separation Agreement (Railamerica Inc /De)

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.. 7.2

Appears in 1 contract

Samples: Form of Indemnification Agreement (Capital Bancorp/Fl)

Mandatory Advance. Expenses (including attorneys' attorney's fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the Indemnitee in investigating, defending, settling or appealing appealing, or being or preparing to be a witness in, any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event later than 10 5 days following the Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Mego Mortgage Corp)

Mandatory Advance. Expenses (including attorneys' fees, court costs, judgments, fines, amounts paid in settlement and other payments) incurred by the an Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in Section 1 or 2 hereof shall be paid by the Company Coachmen in advance of the final disposition of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the such Indemnitee, but in no event later than 10 ten (10) days following the such Indemnitee's ’s delivery to the Company Coachmen of a written request for an advance pursuant to this Section 7, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Director Indemnification Agreement (Coachmen Industries Inc)

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