Common use of Mandatory Advance Clause in Contracts

Mandatory Advance. Expenses (including attorneys’ fees) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in 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 Indemnitees’s delivery to the Company of a written request for an advance pursuant to this Section 8, together with a reasonable accounting of such expenses.

Appears in 2 contracts

Samples: Indemnification Agreement (21st Century Holding Co), Indemnification Agreement (21st Century Holding Co)

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Mandatory Advance. Expenses (including attorneys' fees) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in 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 Indemnitees’s 's delivery to the Company of a written request for an advance pursuant to this Section 8, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (21st Century Holding Co)

Mandatory Advance. Expenses (including attorneys' fees) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in Sections 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 expenses to the Indemnitee, but in no event later than 10 days following the Indemnitees’s Indemnitee's delivery to the Company Corporation of a written request for an advance pursuant to this Section 8, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Netspeak Corp)

Mandatory Advance. Expenses (including attorneys' fees) incurred by the Indemnitee Indenmitee in investigating, defending, settling or appealing any action, suit or proceeding described in Sections 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 Indemnitees’s Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 87, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Orius Corp)

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Mandatory Advance. Expenses (including attorneys' fees) incurred by the Indemnitee in investigating, defending, settling or appealing any action, suit or proceeding described in 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 Indemnitees’s Indemnitee's delivery to the Company of a written request for an advance pursuant to this Section 8, together with a reasonable accounting of such expenses.

Appears in 1 contract

Samples: Indemnification Agreement (21st Century Holding Co)

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