Common use of Right of Indemnitee to Bring Suit Clause in Contracts

Right of Indemnitee to Bring Suit. (a) If a claim by the Indemnitee to the Company for indemnification under Section 2 of this Agreement is not paid in full by the Company within thirty (30) days after a written claim has been received by the Company, or if a claim by the Indemnitee to the Company for an advancement of Defense Costs under Section 3 of this Agreement is not paid in full within twenty (20) days as specified in Section 3, the Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claims.

Appears in 5 contracts

Samples: Form of Indemnity Agreement (Aptevo Therapeutics Inc.), Form of Indemnity Agreement (Aptevo Therapeutics Inc.), Form of Indemnity Agreement (Emergent BioSolutions Inc.)

AutoNDA by SimpleDocs

Right of Indemnitee to Bring Suit. (a) If a claim by the Indemnitee to the Company for indemnification under Section 2 2, 3 or 4 of this Agreement is not paid in full by the Company within thirty (30) days after a written claim has been received by the Company, or if except in the case of a claim for an Advancement of Expenses, in which case the applicable period shall be two days after a written request has been received by the Indemnitee to the Company for an advancement of Defense Costs under Section 3 of this Agreement is not paid in full within twenty (20) days as specified in Section 3Company, the Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claimssuch claim.

Appears in 4 contracts

Samples: Indemnification Agreement (Exegenics Inc), Indemnification Agreement (Exegenics Inc), Indemnification Agreement (Aderis Pharmaceuticals Inc)

Right of Indemnitee to Bring Suit. (a) If a claim by the Indemnitee to the Company for indemnification under Section 2 of this Agreement is not paid in full by the Company within thirty sixty (3060) days after a written claim has been received by the Company, or if a claim by the Indemnitee to the Company for an advancement of Defense Costs under Section 3 of this Agreement is not paid in full within twenty thirty (2030) days as specified in Section 3, the Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claims.

Appears in 1 contract

Samples: Indemnity Agreement (Igen International Inc /De)

Right of Indemnitee to Bring Suit. (a) If a claim by the Indemnitee to the Company for indemnification or a claim for an advance under Section 2 of this Agreement is not paid in full by the Company within thirty (30) days 90 or 15 days, respectively, after the Company has received a written claim has been received therefor by the CompanyIndemnitee, or if a claim by the Indemnitee to the Company for an advancement of Defense Costs under Section 3 of this Agreement is not paid in full within twenty (20) days as specified in Section 3, the Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claimsclaim. If Indemnitee is successful in whole or in part in such suit, Indemnitee shall also be paid the expense of prosecuting such claim (including without limitation attorneys' fees).

Appears in 1 contract

Samples: Indemnification Agreement (Netsolve Inc)

AutoNDA by SimpleDocs

Right of Indemnitee to Bring Suit. (a) If a claim by the Indemnitee to the Company for indemnification or a claim for an advance under Section 2 of this Agreement is not paid in full by the Company within thirty (30) days 90 or 15 days, respectively, after the Company has received a written claim has been received therefor by the CompanyIndemnitee, or if a claim by the Indemnitee to the Company for an advancement of Defense Costs under Section 3 of this Agreement is not paid in full within twenty (20) days as specified in Section 3, the Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claimsclaim. If Indemnitee is successful in whole or in part in such suit, Indemnitee shall also be paid the expense of prosecuting such claim (including without limitation reasonable attorneys' fees).

Appears in 1 contract

Samples: Indemnification Agreement (Maxim Integrated Products Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.