Common use of Payment of Indemnified Amount Clause in Contracts

Payment of Indemnified Amount. Immediately following a Determination that the Indemnitee has met the applicable requirements set forth in Sections 1, 2, 3, or 4 hereof, as the case may be, or the passage of time prescribed for making such Determination(s), the Corporation shall pay to the Indemnitee in cash, the amount which the Indemnitee is entitled to be indemnified and/or reimbursed, as the case may be, without further authorization or action by the Board; provided, however, that costs and expenses for which indemnification or reimbursement is sought have actually been incurred by the Indemnitee.

Payment of Indemnified Amount. Immediately following a Determination that the Indemnitee has met the applicable requirements standard of conduct set forth in Sections 1, 2, 3, or 4 Section 1 hereof and the finding of reasonableness of expenses contemplated by Section 3.3 hereof, as the case may be, or the passage of time prescribed for making such Determination(sdetermination(s), the Corporation Company shall pay to the Indemnitee in cash, cash the amount to which the Indemnitee is entitled to be indemnified and/or reimbursed, as the case may be, without further authorization or action by the Board; provided, however, that costs and the expenses for which indemnification or reimbursement is sought have actually been incurred by the Indemnitee.

Payment of Indemnified Amount. Immediately following a Determination that the Indemnitee has met the applicable requirements set forth in Sections Section 1, 2, 3, 2 or 4 3 hereof, as the case may be, and the finding of reasonableness of expenses contemplated by Section 4.1 hereof, or the passage of time prescribed for making such Determination(s), the Corporation shall pay to the Indemnitee in cash, cash the amount to which the Indemnitee is entitled to be indemnified and/or reimbursed, as the case may be, without further authorization or action by the Board; provided, however, that costs and the expenses for which indemnification or reimbursement is sought have actually been incurred by the Indemnitee.