Common use of Related Actions Clause in Contracts

Related Actions. The Partnership shall promptly make advances or reimbursements for reasonable expenses (including but not limited to reasonable legal fees and costs) incurred by a Partner, or a director or officer of a Partner, claiming indemnification under this Article unless it has been determined that such Partner, director or officer is not entitled to indemnification. Advances or reimbursements made prior to such determination shall be conditioned upon the Partnership's receipt of a written undertaking by the Partner, director or officer claiming indemnification to repay the amount of such advances or reimbursements if it is ultimately determined that such Partner, director or officer is not entitled to indemnification.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Apple Suites Inc), Limited Partnership Agreement (Cornerstone Realty Income Trust Inc), Limited Partnership Agreement (Cornerstone Realty Income Trust Inc)

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