Advancement of Expenses definition

Advancement of Expenses has the meaning set forth in Section 5.5.

Advancement of Expenses is defined in Section 7.4(b).

Advancement of Expenses shall have the meaning set forth in the Certificate of Incorporation.

Examples of Advancement of Expenses in a sentence

• If successful in whole or in part in any such suit, or in a suit brought by the Company to recover an Advancement of Expenses pursuant to the terms of an Undertaking, the Indemnitee shall be entitled to be paid also the expense of prosecuting or defending such suit.

• If successful in whole or in part in any such suit, or in a suit brought by the Corporation to recover an Advancement of Expenses pursuant to the terms of an Undertaking, the Indemnitee shall be entitled to be paid also the expense of prosecuting or defending such suit.

• The Company may, to the extent authorized from time to time by the Board of Directors, grant rights to indemnification, and to the Advancement of Expenses, to any employee or agent of the Company to the fullest extent of the provisions of this Article 7 with respect to the indemnification and Advancement of Expenses of directors and officers of the Company.

• In any suit brought by the Indemnitee to enforce a right to indemnification or to an Advancement of Expenses hereunder, or by the Company to recover an Advancement of Expenses pursuant to the terms of an Undertaking, the burden of proving that the Indemnitee is not entitled to be indemnified, or to such Advancement of Expenses, under this Article 7 or otherwise shall be on the Company.

• In any suit brought by the Indemnitee to enforce a right to indemnification hereunder (but not in a suit brought by the Indemnitee to enforce a right to an Advancement of Expenses) it shall be a defense that the Indemnitee has not met the applicable standard of conduct set forth in the Delaware Law.

More Definitions of Advancement of Expenses

Advancement of Expenses means any advancement of Expenses made pursuant to Section 7.2.

Advancement of Expenses has the meaning set forth in Section 2(b).

Advancement of Expenses has the meaning set forth in Section 6.16(a)(iii) of this Agreement.

Advancement of Expenses means the advancement of expenses obligations provided under Sections 8 and 14 of this Agreement.

Advancement of Expenses or to “Advance Expenses” shall refer to the payment of Expenses in connection with a Proceeding prior to an ultimate determination whether the Indemnitee has met any applicable standard of conduct.

Advancement of Expenses has the meaning set forth in Section 4 of this Article VIII. la-1264585

Advancement of Expenses. VPUR shall advance all reasonable expenses incurred by the Indemnified Party in connection with the investigation, defense, settlement or appeal of any Proceeding (but not amounts actually paid in settlement of any such Proceeding, which amounts shall be paid under Section 0). The advances to be made hereunder shall be paid by VPUR to the Indemnified Party within sixty (60) days following delivery of a written request therefor by the Indemnified Party to VPUR. Failure to Advance Expenses. If the Indemnified Party shall have requested an advancement of expenses pursuant to Section 0 and if such request shall not have been not paid in full by VPUR within sixty (60) days after a written request by the Indemnified Party for payment thereof was first received by VPUR, the Indemnified Party may, but need not, at any time thereafter bring an action against VPUR to recover the unpaid amount of the claim for advancement of expenses and, subject to Section 0 of this Agreement, the Indemnified Party shall also be entitled to be reimbursed for the expense (including reasonable attorneys' fees) of bringing such action. Reimbursement to VPUR. The Indemnified Party by this Agreement undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that the Indemnified Party is not entitled to be indemnified by VPUR as authorized by this Agreement.