Common use of Advancement of Expenses Clause in Contracts

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 81 contracts

Samples: Director Agreement (Progressive Care Inc.), Director and Officer Indemnification Agreement (BioCorRx Inc.), Director and Officer Indemnification Agreement (SurgePays, Inc.)

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Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, reasonably paid or incurred by Indemnitee in connection with any Claim arising out of or resulting from any an Indemnifiable Claim Event at the written request of Indemnitee. Indemnitee shall set forth in such request reasonable evidence that such Expenses have been paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. The Company’s obligation to pay Expense Advances to Indemnitee is contingent upon Indemnitee’s execution and deliver delivery to the Company of an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, undertaking to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 46 contracts

Samples: Director Agreement (Rise Smart Group Holdings LTD), Indemnification Agreement (Rise Smart Group Holdings LTD), Independent Director Agreement (Rise Smart Group Holdings LTD)

Advancement of Expenses. Indemnitee The Company shall have pay, on a current and as-incurred basis, all Expenses reasonably incurred by, or in the right to advancement by the Company prior to the final disposition case of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses retainers to be reimbursed or advancedincurred by, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee (or, if applicable, reimburse Indemnitee for any and all Expenses reasonably incurred by Indemnitee and previously paid by Indemnitee) in connection with any Claim, to repay any amounts paid, advanced or reimbursed whether brought by the Company or otherwise, in respect advance of the later of (a) the final, non-appealable determination or resolution of all such Claims and (b) any determination respecting entitlement to indemnification pursuant to Article IV hereof (and shall continue to pay such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which after such determination and until it shall have been determined, following the final disposition of such Indemnifiable Claim and ultimately be determined (in accordance with Section 7, a Final Adjudication) that Indemnitee is not entitled to be indemnified by the Company against such Expenses). Such payments and advances shall be made within 10 days after the receipt by the Company of a written request from Indemnitee requesting such payment or payments from time to time, whether prior to or after the final, non-appealable determination or resolution of such Claim. Any such payment by the Company is referred to in this Agreement as an “Expense Advance.” Any dispute as to the reasonableness of the incurrence of any Expense shall not delay an Expense Advance by the Company, and the Company agrees that any such dispute shall be resolved only upon the final, non-appealable determination or resolution of the respective underlying Claim involving Indemnitee. Indemnitee hereby undertakes and agrees that Indemnitee will reimburse and repay the Company without interest for any Expense Advances to the extent that it shall ultimately be determined (in a Final Adjudication) that Indemnitee is not entitled under the law to be indemnified by the Company against such Expenses. Indemnitee shall not be required to provide collateral or otherwise secure the undertaking and agreement described in the prior sentence. The Company shall make all Expense Advances pursuant to this Section 3.3 without regard to the financial ability of the Indemnitee to make repayment and without regard to whether or not the Indemnitee may ultimately be found to be entitled to indemnification hereunderunder the provisions of this Agreement.

Appears in 22 contracts

Samples: Indemnification Agreement (Reata Pharmaceuticals Inc), Indemnification Agreement (Reata Pharmaceuticals Inc), Indemnification Agreement (Reata Pharmaceuticals Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request if delivery of the Companyan undertaking is a legally required condition precedent to such payment, advance or reimbursement, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted by the Company without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 16 contracts

Samples: Indemnification Agreement (HF Sinclair Corp), Director and Officer Indemnification Agreement (HollyFrontier Corp), Director and Officer Indemnification Agreement (Holly Energy Partners Lp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request if delivery of an undertaking is a legally required condition precedent to such payment, advance or reimbursement or is otherwise requested by the Company, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted by the Company without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 13 contracts

Samples: Indemnification Agreement, Indemnification Agreement (Benitec Biopharma Inc.), Director and Officer Indemnification Agreement (YETI Holdings, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided PROVIDED that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 13 contracts

Samples: Indemnification Agreement (Northern Way Resources, Inc.), Indemnification Agreement (Darwin Resources Corp.), Indemnification Agreement (Darwin Resources Corp.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee’s counsel provides supporting documentation. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 11 contracts

Samples: Indemnification Agreement (Bristow Group Inc.), Indemnification Agreement (Harte Hanks Inc), Indemnification Agreement (SEACOR Marine Holdings Inc.)

Advancement of Expenses. The Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by Indemniteethe Indemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, The Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business 60 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedthe Indemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of the Indemnitee, (b) advance to the Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse the Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement the Indemnitee shall not be required to provide any documentation or reimbursementinformation to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to the Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that the Indemnitee is not entitled to indemnification hereunder. The Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 10 contracts

Samples: Indemnification Agreement (Icox Innovations Inc.), Indemnification Agreement, Indemnification Agreement (Icox Innovations Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim Claim, of any and all actual and reasonable Expenses relating to, arising out of of, or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five ten business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement advancement, or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of Expenses relating to, arising out of of, or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 8 contracts

Samples: Director Agreement (LifeMD, Inc.), Employment Agreement (LifeMD, Inc.), Director and Officer Indemnification Agreement (LifeMD, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 7 contracts

Samples: Director Indemnification Agreement (International Steel Group Inc), Officer Indemnification Agreement (Alon USA Energy, Inc.), Indemnification Agreement (Alon USA Energy, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by Indemnitee in connection with any Claim arising out of an Indemnifiable Event. Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee's obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 6 contracts

Samples: Indemnification Agreement (Dipexium Pharmaceuticals, Inc.), Indemnification Agreement (Kronos Worldwide Inc), Indemnification Agreement (Valhi Inc /De/)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 6 contracts

Samples: Officer Indemnification Agreement (Michaels Stores Inc), Officer Indemnification Agreement (Michaels Stores Inc), Director Indemnification Agreement (Michaels Stores Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 6 contracts

Samples: Director Indemnification Agreement (Integer Holdings Corp), Indemnification Agreement (Om Group Inc), Officer Indemnification Agreement (Alon Brands, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 6 contracts

Samples: Indemnification Agreement (Alopexx, Inc.), Indemnification Agreement (P10, Inc.), Indemnification Agreement (Triangle Canna Corp.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee's counsel provides supporting documentation. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 5 contracts

Samples: Indemnification Agreement (Seacor Holdings Inc /New/), Officer Indemnification Agreement (Comverse, Inc.), Director Indemnification Agreement (Coca-Cola Enterprises, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or actually incurred by Indemnitee or which are reasonably likely to be paid or actually incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from to such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to (i) repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of Expenses relating tothat, arising out at the final disposition of or resulting from any the Indemnifiable Claim to which such payment, advance or reimbursement related, were in excess of amounts paid or payable by Indemnitee in respect of which it Expenses relating to such Indemnifiable Claim, and (ii) repay any and all amounts paid, advanced, or reimbursed by the Company in respect of Expenses if Indemnitee shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder.

Appears in 5 contracts

Samples: Director Indemnification Agreement (KAYAK SOFTWARE Corp), Director Indemnification Agreement (KAYAK SOFTWARE Corp), Director Indemnification Agreement (KAYAK SOFTWARE Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting to from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any Expenses to the extent that amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Claim. Indemnitee shall have been determined, pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder.

Appears in 5 contracts

Samples: Director Indemnification Agreement (Elevate Credit, Inc.), Director Indemnification Agreement (Elevate Credit, Inc.), Director and Officer Indemnification Agreement (Lipocine Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 5 contracts

Samples: Indemnification Agreement (BTHC VI Inc), Officer Indemnification Agreement (Bell Microproducts Inc), Director Indemnification Agreement (Bell Microproducts Inc)

Advancement of Expenses. Indemnitee shall have (a) Subject to the right to advancement by limitations in Section 7(b), the Company prior shall pay or reimburse all Expenses reasonably incurred by or on behalf of Indemnitee in connection with any Proceeding to which Indemnitee is, or is threatened to be made, a party by reason of Indemnitee’s Corporate Status, in advance of the final disposition of any Indemnifiable Claim such Proceeding, from time to time and as incurred, within ten (10) days after the receipt by the Company of any a statement or statements from Indemnitee requesting such advance or advances. Such statement or statements shall include satisfactory evidence and all actual documentation as to the amount of such Expenses and reasonable Expenses relating to, arising out shall be preceded or accompanied by (i) a written affirmation by Indemnitee of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to good faith belief that he or she has met the standard of conduct necessary for indemnification by the Company, as authorized by the MGCL, the Company’s charter and this Agreement and (ii) a written undertaking, in such advancement is not subject to form as may be required under applicable law as in effect at the satisfaction of any Standard of Conduct. Without limiting the generality or effect time of the foregoingexecution thereof, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, repay the portion of any amounts actually Expenses advanced to Indemnitee thatrelating to claims, issues or matters in the Proceeding as to which it shall ultimately be determined that Indemnitee has not met the standard of conduct and is therefore not entitled to be indemnified against such Expenses (together with the applicable rate of interest, if the charter of the Company as in effect at the final disposition time so requires). For the avoidance of doubt, Indemnitee’s written certification together with a copy of the Indemnifiable Claim to which the advance related, were in excess of amounts statement paid or payable to be paid by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver constitute satisfactory evidence as to the Company amount of such Expenses. To the extent that Expenses advanced to Indemnitee do not relate to a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable and proportionate basis. The undertaking required by this Section 7 shall be an undertaking, which need not be secured unlimited general obligation by or on behalf of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay the Expenses, by or on behalf such advanced Expenses and without any requirement to post security therefor. Advances shall be unsecured and interest free. Such advances are deemed to be an obligation of the IndemniteeCompany to Indemnitee hereunder, to repay any amounts paid, advanced or reimbursed by the Company and shall in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunderno event be deemed a personal loan.

Appears in 4 contracts

Samples: Indemnification Agreement (Cim Income Nav, Inc.), Indemnification Agreement (Eastgroup Properties Inc), Form of Indemnification Agreement (Cole Credit Property Trust V, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 4 contracts

Samples: Director and Officer Indemnification Agreement (Ryerson Holding Corp), Director and Officer Indemnification Agreement (Polypore International, Inc.), Director and Officer Indemnification Agreement (Polypore International, Inc.)

Advancement of Expenses. Indemnitee shall shall, to the fullest extent permitted by applicable law, have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) calendar days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 4 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 4 contracts

Samples: Director Indemnification Agreement (Nuvectra Corp), Officer Indemnification Agreement (Nuvectra Corp), Officer Indemnification Agreement (Qig Group, LLC)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims brought by third parties, and Claims in which the Indemnitee is solely required to provide documents or testimony or serve as a witness. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business 30 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the ExpensesExpense Advances), by or on behalf of in the Indemniteeform attached hereto as Exhibit A, to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 4 contracts

Samples: Indemnification Agreement (Tellurian Inc. /De/), Indemnification Agreement (Tellurian Inc. /De/), Indemnification Agreement (Tellurian Inc. /De/)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such reasonable Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7by final adjudication to which there are no further rights of appeal, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 4 contracts

Samples: Indemnification Agreement (Elicio Therapeutics, Inc.), Indemnification Agreement (Replimune Group, Inc.), Indemnification Agreement (Rhythm Pharmaceuticals, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 4 contracts

Samples: Director and Officer Indemnification Agreement (Ix Energy Holdings, Inc.), Indemnification Agreement (Fairview Energy Corporation, Inc.), Indemnification Agreement (Handheld Entertainment, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee’s counsel provides supporting documentation. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five ten business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided provided, that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 78, that Indemnitee is not entitled to indemnification hereunder.

Appears in 3 contracts

Samples: Director and Officer Indemnification Agreement (Autoliv Inc), Director and Officer Indemnification Agreement (Veoneer, Inc.), Director and Officer Indemnification Agreement (Veoneer, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company (i) a written affirmation of his/her good faith belief that he/she meets the standard of conduct described in Ind. Code Section 23-1-37-8, and (ii) an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 3 contracts

Samples: Director and Officer Indemnification Agreement (Mediaco Holding Inc.), Director and Officer Indemnification Agreement (Mediaco Holding Inc.), Director and Officer Indemnification Agreement (Emmis Communications Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that . Notwithstanding the foregoing, Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertakingaffirmation and undertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any affirmation and/or undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the affirmation and undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 3 contracts

Samples: Director Indemnification Agreement (Logility Inc), Director Indemnification Agreement (Logility Inc), Director Indemnification Agreement (American Software Inc)

Advancement of Expenses. All reasonable Expenses incurred by or on behalf of Indemnitee (including costs of enforcement of this Agreement) shall have the right be advanced from time to advancement time by the Company Corporation to Indemnitee within thirty (30) days after the receipt by the Corporation of a written request for an advance of Expenses, whether prior to the or after final disposition of a Proceeding (except to the extent that there has been a Final Adverse Determination that Indemnitee is not entitled to be indemnified for such Expenses), including without limitation any Indemnifiable Claim Proceeding brought by or in the right of any and all actual and reasonable the Corporation. Notwithstanding the foregoing, the Indemnitee may alternately request that the Corporation (but without duplication) (a) pay such Expenses relating to, arising out on behalf of Indemnitee or resulting from any Indemnifiable Claim paid or incurred by Indemnitee(b) reimburse Indemnitee for such Expenses. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality The written request for an advancement, payment or effect reimbursement of any and all Expenses under this paragraph shall contain reasonable detail of the foregoing, within five business days after any Expenses incurred by Indemnitee. In the event that such written request by Indemnitee that is shall be accompanied by supporting documentation for specific reasonable Expenses an affidavit of counsel to be reimbursed or advanced, Indemnitee to the Company shall, in accordance with effect that such request (but without duplication), (a) pay counsel has reviewed such Expenses on behalf and that such Expenses are reasonable in such counsel’s view, then such expenses shall be deemed reasonable in the absence of Indemniteeclear and convincing evidence to the contrary. By execution of this Agreement, (b) advance Indemnitee shall be deemed to Indemnitee funds in an amount sufficient have made whatever undertaking as may be required by law at the time of any advancement of Expenses with respect to pay repayment to the Corporation of such Expenses, or (c) reimburse Indemnitee for but such Expenses; provided that Indemnitee advancement of Expenses shall repayotherwise be unsecured and interest free, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference regard to Indemnitee’s ability to repay repay. In the Expensesevent that the Corporation shall breach its obligation to advance Expenses under this Section 3, by or on behalf of the parties hereto agree that Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim ’s remedies available at law would not be adequate and in accordance with Section 7, that Indemnitee is not would be entitled to indemnification hereunderspecific performance.

Appears in 3 contracts

Samples: Form of Indemnification Agreement (Textainer Group Holdings LTD), Indemnification Agreement (Telanetix,Inc), Indemnification Agreement (Financial Engines, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting to from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any Expenses to the extent that amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with if Indemnitee shall have been determined, pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder.

Appears in 3 contracts

Samples: Indemnification Agreement (Tabula Rasa HealthCare, Inc.), Indemnification Agreement (Cerecor Inc.), Indemnification Agreement (Cara Therapeutics, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses (which request may be made at any time and from time to be reimbursed or advancedtime as Indemnitee determines), the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that . Indemnitee shall hereby undertakes to repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder. Indemnitee shall not be required to execute and deliver to the Company any further undertaking in connection with any such payment, advancement or reimbursement. The Company acknowledges that Indemnitee’s undertaking set forth above shall not be secured and hereby accepts such undertaking without reference to Indemnitee’s ability to repay the Expenses.

Appears in 3 contracts

Samples: Director Indemnification Agreement (Kaiser Aluminum Corp), Officer Indemnification Agreement (Kaiser Aluminum Corp), Director and Officer Indemnification Agreement (Kaiser Aluminum Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by Indemnitee in connection with any Claim arising out of an Indemnifiable Event. Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five (5) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the ExpensesExpense Advances), by or on behalf of in the Indemniteeform attached hereto as Exhibit A, to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is was not entitled to indemnification hereunder. Indemnitee's obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon. All Expenses Advances shall be paid without deduction (other than any legally mandated deductions for tax withholdings) or off set.

Appears in 2 contracts

Samples: Indemnification Agreement (Reading International Inc), Indemnification Agreement (Reading International Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at if delivery of an undertaking is required by the request of the CompanyConstituent Documents as a condition precedent to such payment, advance or reimbursement, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted by the Company without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 2 contracts

Samples: Indemnification Agreement (Oncor Electric Delivery Co LLC), Indemnification Agreement (Oncor Electric Delivery Co LLC)

Advancement of Expenses. Indemnitee The Company shall have the right to advancement by the Company advance, prior to the final disposition of any Indemnifiable Claim Proceeding by final adjudication to which there are no further rights of appeal, any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Proceeding arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay undertaking by the Expenses, by or on behalf of the Indemnitee, Indemnitee to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Section 3 in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim Proceeding in respect of which it shall have been be determined, pursuant to Section 8, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Proceeding, that Indemnitee is not entitled to indemnification hereunder. No other form of undertaking shall be required other than the execution of this Agreement. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnification Agreement (Dynatronics Corp), Indemnification Agreement (Dynatronics Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company to the fullest extent permitted by the laws of the State of Delaware prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five (5) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), ): (a) pay such Expenses on behalf of Indemnitee, ; (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, ; or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 71.07, that Indemnitee is not entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (Haynes International Inc), Indemnification Agreement (Haynes International Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior Notwithstanding any provision to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision contrary in Article VI hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) shall advance to the Indemnitee funds in an amount sufficient to pay such Expensesall Expenses which, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition by reason of the Indemnifiable Claim to which the advance relatedIndemnitee’s Corporate Status, were in excess of amounts paid incurred by or payable by for the Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentProceeding for which the Indemnitee is entitled to indemnification pursuant to Article IV hereof, advancement or reimbursement, at the request in advance of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim Proceeding, provided that all of the following are satisfied: (i) the Indemnitee was made a party to the proceeding by reason of Indemnitee’s Corporate Status and (ii) the Indemnitee provides the Company with a written agreement (the “Undertaking”) to repay the amount paid or reimbursed by the Company. if it is ultimately determined that the Indemnitee did not comply with the requisite standard of conduct. The Indemnitee shall be required to execute and submit the Undertaking to repay Expenses Advanced in accordance with Section 7, the form of Exhibit A attached hereto or in such form as may be required under applicable law as in effect at the time of execution thereof. The Company shall advance such expenses within five (5) business days after its receipt of the Undertaking. The Indemnitee hereby agrees to repay any Expenses advanced hereunder if it is ultimately determined that the Indemnitee is not entitled to indemnification hereunderbe indemnified against such Expenses. Any advances and the undertaking to repay pursuant to this Article V shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnification Agreement, Indemnification Agreement (Nexxus Lighting, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indem­nitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee’s counsel provides supporting docu­men­ta­tion. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five ten business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided provided, that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursementreimburse­ment, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Indemnification Agreement (Autoliv Inc), Director and Officer Indemnification Agreement (HSW International, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting to from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any Expenses to the extent that amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with shall have been determined, pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Director Indemnification Agreement (Prosper Funding LLC), Director Indemnification Agreement (Prosper Funding LLC)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business ten (10) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnification Agreement (Purple Innovation, Inc.), Indemnification Agreement (Purple Innovation, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition on a current basis of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five (5) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from to such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any Expenses to the extent that for any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating toCompany, arising out of or resulting from any Indemnifiable Claim in respect of which it Indemnitee shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Director Indemnification Agreement (Elevate Credit, Inc.), Director Indemnification Agreement (Elevate Credit, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims brought by third parties, and Claims in which Indemnitee is solely required to provide documents or testimony or serve as a witness. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business 30 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, Xxxxxxxxxx shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the ExpensesExpense Advances), by or on behalf of in the Indemniteeform attached hereto as Exhibit A, to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnification Agreement (Tellurian Inc. /De/), Indemnification Agreement (Tellurian Inc. /De/)

Advancement of Expenses. Indemnitee The Company shall have pay, on a current and as-incurred basis, all Expenses reasonably incurred by, or in the right to advancement by the Company prior to the final disposition case of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses retainers to be reimbursed or advancedincurred by, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee (or, if applicable, reimburse Indemnitee for any and all Expenses reasonably incurred by Indemnitee and previously paid by Indemnitee) in connection with any Claim, to repay any amounts paid, advanced or reimbursed whether brought by the Company or otherwise, in respect advance of the later of (a) the final, non-appealable determination or resolution of all such Claims and (b) any determination respecting entitlement to indemnification pursuant to Article IV hereof (and shall continue to pay such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which after such determination and until it shall have been determined, following the final disposition of such Indemnifiable Claim and ultimately be determined (in accordance with Section 7, a Final Adjudication) that Indemnitee is not entitled to indemnification hereunderbe indemnified by the Company against such Expenses). Such payments and advances shall be made within 10 days after the receipt by the Company of a written request from Indemnitee requesting such payment or payments from time to time, whether prior to or after the final, non-appealable determination or resolution of such Claim. Any such payment by the Company is referred to in this Agreement as an “Expense Advance.” Any dispute as to the reasonableness of the incurrence of any Expense shall not delay an Expense Advance by the Company, and the Company agrees that any such dispute shall be resolved only upon the final, non-appealable determination or resolution of the respective underlying Claim involving Indemnitee. Indemnitee hereby undertakes and agrees that Indemnitee will reimburse and repay the Company without interest for any Expense Advances to the extent that it shall ultimately be determined (in a Final Adjudication) that Indemnitee is not entitled under the law to be indemnified by the Company against such Expenses. Indemnitee shall not be required to provide collateral or otherwise secure the undertaking and agreement described in the prior sentence. The Company shall make all Expense Advances pursuant to this

Appears in 2 contracts

Samples: Form of Indemnification Agreement (Quintana Energy Services Inc.), Form of Indemnification Agreement (Quintana Energy Services Inc.)

Advancement of Expenses. The Company shall advance all expenses incurred by Indemnitee shall have in connection with the right to advancement by the Company prior to the final disposition investigation, defense, settlement or appeal of any Indemnifiable Claim of any and all actual and reasonable Expenses relating tocivil or criminal action, arising out of suit or resulting from any Indemnifiable Claim paid proceeding referenced in Section 2(a) or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance hereof. Indemnitee hereby undertakes to Indemnitee funds in an amount sufficient repay such amounts advanced only if, and to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee the extent that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within thirty (30) days following delivery of a written request therefor by Indemnitee to the Company. As used in this Agreement, “expenses” shall include, among other things, all reasonable attorneys' fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, an action, suit or proceeding. Expenses also shall include (i) expenses incurred in connection with any appeal resulting from any action, suit or proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 11 only, expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee's rights under this Agreement, by litigation or otherwise. Expenses, however, for purposes of this Section 3(a), shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee's ability to repay the expenses and without regard to Indemnitee's ultimate entitlement to indemnification hereunderunder the other provisions of this Agreement. Advances shall include any and all reasonable expenses incurred pursuing an action to enforce this right of advancement, including expenses incurred preparing and forwarding statements to the Company to support the advances claimed. The Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that the Indemnitee undertakes to repay the advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Subsection 3(a) shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 9 or to any Proceeding for which the Company has assumed the defense thereof in accordance with the terms of this Agreement.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (CNS Response, Inc.), Indemnification Agreement (NeoStem, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business as soon as practicable, but in any event not later than thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall provide any vouchers, invoices or reimbursement, at similar evidence documenting in reasonable detail the Expenses incurred or to be incurred by Indemnitee but shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the IndemniteeExpense Advances), to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (GLOBALFOUNDRIES Inc.), Form of Indemnification Agreement (GLOBALFOUNDRIES Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five 10 business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnification Agreement (Ascend Wellness Holdings, LLC), Form of Director Indemnification Agreement (Royalty Flow Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of of, or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five ten business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement advancement, or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Form of Director Indemnification Agreement (AAC Holdings, Inc.), Form of Director Indemnification Agreement (AAC Holdings, Inc.)

Advancement of Expenses. Subject to the Memorandum and Articles of Association of the Company and the laws of the Cayman Islands, Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, (i) were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from to such Indemnifiable ClaimClaim or (ii) were in excess of the amounts allowed by the laws of the Cayman Islands to be indemnified by the Company. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any Expenses to the extent that amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with shall have been determined, pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Indemnification Agreement, Indemnification Agreement (JinkoSolar Holding Co., Ltd.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, Expenses or (c) reimburse Indemnitee for such Expenses; provided provided, however, that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable incurred by Indemnitee in with respect of to Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in with respect of to Expenses relating to, arising out of or resulting from any Indemnifiable Claim in with respect of to which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Indemnification Agreement (Dell Technologies Inc), Form of Indemnification Agreement (Dell Computer Corp)

Advancement of Expenses. Indemnitee The Company shall have the right to advancement by the Company advance, prior to the final disposition of any Indemnifiable Claim Proceeding by final adjudication to which there are no further rights of appeal, any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by Indemnitee in connection with any Proceeding arising out of an Indemnifiable Event. Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay undertaking by the Expenses, by or on behalf of the Indemnitee, Indemnitee to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Section 3 in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim Proceeding in respect of which it shall have been be determined, pursuant to Section 8, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Proceeding, that Indemnitee is not entitled to indemnification hereunder. No other form of undertaking shall be required other than the execution of this Agreement. Indemnitee's obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnification Agreement (Dynatronics Corp), Indemnification Agreement (Dynatronics Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee’s counsel provides supporting documentation. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of ConductIndemnification Eligibility Requirement. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Indemnification Agreement (United Natural Foods Inc), Indemnification Agreement (General Motors Co)

Advancement of Expenses. Indemnitee shall have the right to advancement The Company shall, if requested by the Company prior Indemnitee, advance, to the final disposition of any Indemnifiable Claim of fullest extent permitted by law, to Indemnitee any and all actual Expenses actually and reasonable Expenses relating to, reasonably paid or incurred (even if unpaid) by Indemnitee in connection with any Claim arising out of an Indemnifiable Event (whether prior to or resulting from any Indemnifiable Claim paid or incurred by Indemniteeafter its final disposition). Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five (5) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay undertaking by the Expenses, by or on behalf of the Indemnitee, Indemnitee to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Section 4 and the Organizational Documents (if applicable) in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been be determined, pursuant to Section 9, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. No other form of undertaking shall be required other than the execution of this Agreement. Each Expense Advance will be unsecured and interest free and will be made by the Company without regard to Indemnitee’s ability to repay the Expense Advance.

Appears in 2 contracts

Samples: Indemnification Agreement (EVO Transportation & Energy Services, Inc.), Indemnification Agreement (EVO Transportation & Energy Services, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the satisfaction Indemnifiable Claim or the absence of any Standard of Conductprior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after the Company’s receipt of any request by Indemnitee that Indemnitee, which request is accompanied by supporting documentation for specific the undertaking set forth on Exhibit A and reasonable evidence documenting the Expenses paid or incurred by the Indemnitee or which the Indemnittee determines are reasonably likely to be reimbursed paid or advancedincurred by Indemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at The affirmation and undertakings by the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. Except to the extent, if any, required by applicable law, Indemnitee’s right to the payment, advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 shall not be conditioned upon any affirmation and undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the affirmation and undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 2 contracts

Samples: Director Indemnification Agreement (KMG Chemicals Inc), Director Indemnification Agreement (Exco Resources Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any request for advancement of Expenses, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise compromise attorney-client privilege. In connection with any such payment, advancement or reimbursement, at the request if delivery of the Companyan undertaking is a legally required condition precedent to such payment, advance or reimbursement, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted by the Company without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 4 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 2 contracts

Samples: Director and Officer Indemnification Agreement (Nii Holdings Inc), Director and Officer Indemnification Agreement (Nii Holdings Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 2 contracts

Samples: Director and Officer Indemnification Agreement (Condor Hospitality Trust, Inc.), Director and Officer Indemnification Agreement (Asbury Automotive Group Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company to the fullest extent permitted by the laws of the State of Delaware prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five (5) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), ): (a) pay such Expenses on behalf of Indemnitee, ; (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, ; or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 71.07, that Indemnitee is not entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Form of Director Indemnification Agreement (Haynes International Inc), Form of Director Indemnification Agreement (Haynes International Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days 10 Business Days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay undertaking by the Expenses, by or on behalf of the Indemnitee, Indemnitee to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Section 3 in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been be determined, pursuant to Section 8, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. No other form of undertaking shall be required other than the execution of this Agreement. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Form of Indemnification Agreement (Gastar Exploration Inc.), Form of Indemnification Agreement (Gastar Exploration Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and All reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Indemnitee (including costs of enforcement of this Agreement) shall be advanced from time to repay any amounts paid, advanced or reimbursed time by the Company in respect Corporation to Indemnitee within ten (10) days after the receipt by the Corporation of Expenses relating toa written request for an advance of Expenses, arising out of whether prior to or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the after final disposition of such Indemnifiable Claim and in accordance with Section 7, a Proceeding (except to the extent that there has been a Final Adverse Determination (as hereinafter defined) that Indemnitee is not entitled to indemnification hereunderbe indemnified for such Expenses), including without limitation any Proceeding brought by or in the right of the Corporation. The written request for an advancement of any and all expenses under this paragraph shall contain reasonable detail of the Expenses incurred by Indemnitee. In the event that such written request shall be accompanied by an affidavit of counsel to Indemnitee to the effect that such counsel has reviewed such expenses and that such expenses are reasonable in such counsel’s view, then such expenses shall be deemed reasonable in the absence of clear and convincing evidence to the contrary. By execution of this Agreement, Indemnitee shall be deemed to have made whatever undertaking may be required by law at the time of any advancement of Expenses with respect to repayment to the Corporation of such Expenses. In the event that the Corporation shall breach its obligation to advance Expenses under this Section 3, the parties hereto agree that Indemnitee’s remedies available at law would not be adequate and difficult to prove and that Indemnitee would be entitled to specific performance. Accordingly, the Corporation and Indemnitee agree that Indemnitee shall be entitled to temporary and permanent injunctive relief to enforce this Agreement without the necessity of proving actual damages or irreparable harm. The Corporation and Indemnitee further agree that Indemnitee shall be entitled to such injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bond or any other similar undertaking in connection therewith.

Appears in 2 contracts

Samples: Indemnification Agreement (San Joaquin Bancorp), Indemnification Agreement (San Joaquin Bancorp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business 30 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay undertaking by the Expenses, by or on behalf of the Indemnitee, Indemnitee to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Section 4 in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been be determined, pursuant to , following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. No other form of undertaking shall be required other than the execution of this Agreement.. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 2 contracts

Samples: Indemnification Agreement (Reed's, Inc.), Indemnification Agreement (Reed's, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, Expenses or (c) reimburse Indemnitee for such Expenses; provided provided, however, that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable incurred by Indemnitee in with respect of to Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in with respect of to Expenses relating to, arising out of or resulting from any Indemnifiable Claim in with respect of to which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 2 contracts

Samples: Indemnification Agreement (Dell Inc), Indemnification Agreement (Dell Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Indem nifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Global Digital Solutions Inc)

Advancement of Expenses. The Company shall advance all expenses incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action, suit or proceeding referenced in Section 2(a) or (b) hereof. Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall have the right ultimately be determined that Indemnitee is not entitled to advancement be indemnified by the Company prior as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within thirty (30) days following delivery of a written request therefor by Indemnitee to the final disposition Company. As used in this Agreement, “expenses” shall include, among other things, all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of any Indemnifiable Claim of any experts, witness fees, reasonable travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all actual and reasonable other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, an action, suit or proceeding. Expenses relating to, arising out of or also shall include (i) expenses incurred in connection with any appeal resulting from any Indemnifiable Claim paid action, suit or incurred by Indemnitee. Without limiting proceeding, including without limitation the generality or effect of premium, security for, and other costs relating to any other provision hereofcost bond, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expensessupersedes bond, or other appeal bond or its equivalent, and (cii) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repaypurposes of Section 11 only, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable expenses incurred by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentthe interpretation, advancement enforcement or reimbursementdefense of Indemnitee’s rights under this Agreement, at by litigation or otherwise. Expenses, however, for purposes of this Section 3(a), shall not include amounts paid in settlement by Indemnitee or the request amount of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and judgments or fines against Indemnitee. Advances shall be accepted unsecured and interest free. Advances shall be made without reference regard to Indemnitee’s ability to repay the Expensesexpenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement. Advances shall include any and all reasonable expenses incurred pursuing an action to enforce this right of advancement, by or on behalf including expenses incurred preparing and forwarding statements to the Company to support the advances claimed. The Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that the Indemnitee, Indemnitee undertakes to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which advance to the extent that it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, is ultimately determined that Indemnitee is not entitled to indemnification hereunderbe indemnified by the Company. This Subsection 3(a) shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 9 or to any Proceeding for which the Company has assumed the defense thereof in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (MYnd Analytics, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five thirty (30) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Director Indemnification Agreement (Krispy Kreme Doughnuts Inc)

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Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, Xxxxxxxxxx shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the ExpensesExpense Advances), by or on behalf of in the Indemniteeform attached hereto as Exhibit A, to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is was not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon. All Expense Advances shall be paid without deduction (other than any legally mandated deductions for tax withholdings) or off set.

Appears in 1 contract

Samples: Indemnification Agreement (XTI Aerospace, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request if delivery of the Companyan undertaking is a legally required condition precedent to such payment, advance or reimbursement, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Rewards Network Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement Advancement by the Company prior to Company, before the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee being or preparing to be a defendant, non-plaintiff participant, investigation target, or witness in connection with any Claim arising out of an Indemnifiable Event. Without limiting In order to obtain Advancement pursuant to this Agreement, Indemnitee shall submit to the generality or effect of any other provision hereofCompany a written request therefor, including in such request such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to Advancement. Indemnitee’s right to such advancement Advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Advancement shall be made insofar as the Company determines Indemnitee is entitled to Advancement in accordance with this Agreement. Without limiting the generality or effect of the foregoing, within five business 10 calendar days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, Indemnitee or (b) reimburse Indemnitee for such Expenses. In connection with any request for Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. The Company may also, in its discretion, advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were as presented in excess of amounts paid or payable a reasonable and detailed written budget delivered by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable ClaimIndemnitee. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability undertaking by Indemnitee to repay the Expenses, by or on behalf of the Indemnitee, to repay (x) any amounts paid, advanced or reimbursed by the Company pursuant to this Section 4 in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been be determined, pursuant to Section 10, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder, and (y) any amounts advanced by the Company pursuant to this Section 4 which are not in fact so spent for such purpose. No other form of undertaking shall be required other than the execution of this Agreement. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Indemnification Agreement (Biocept Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company to the fullest extent permitted by the laws of the State of Delaware prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct, and the Company shall not seek a “bar order” or similar order from any court of competent jurisdiction seeking to avoid advancement of expenses. Without limiting the generality or effect of the foregoing, within five (5) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), ): (a) pay such Expenses on behalf of Indemnitee, ; (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, ; or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s 's ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 71.07, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Officer Indemnification Agreement (Haynes International Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by Indemnitee in connection with reviewing, investigating, defending, settling or appealing any Claim arising out of an Indemnifiable Event. Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s 's right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five ten (10) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, undertaking to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. The Company shall make the Expense Advances contemplated by this Section 4 regardless of the Indemnitee’s financial ability to make repayment, and regardless of whether indemnification of the Indemnitee by the Company will ultimately be required. Any Expense Advances pursuant to this Section 4 shall be unsecured and no interest shall be charged thereon. Except as specifically set forth in this Section 4, the Company shall not impose on the Indemnitee additional conditions to Expense Advances or require from the Indemnitee additional undertakings regarding repayment. The right to Expense Advance shall not apply to (i) any Claim against an officer, director or other agent of the Company brought by the Company and approved by a majority of the authorized members of the Board which alleges willful misappropriation of corporate assets by such officer, director or other agent or wrongful disclosure of confidential information, or (ii) any claim for which indemnification is excluded pursuant to this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Dicks Sporting Goods Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIxxxxxxxxx, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request if delivery of the Companyan undertaking is a legally required condition precedent to such payment, advance or reimbursement, Indemnitee shall execute and deliver to the Company an such undertaking, which need not be secured and shall be accepted by the Company without reference to IndemniteeIxxxxxxxxx’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Optex Systems Holdings Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business twenty (20) calendar days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, undertaking by or on behalf of the Indemnitee, and Indemnitee hereby agrees, to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Section 4 in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been is determined, pursuant to Section 10, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereundereither pursuant to this Agreement or applicable law. No other form of undertaking shall be required other than the execution of this Agreement. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall accrue or be charged thereon.

Appears in 1 contract

Samples: Indemnification Agreement (First Foundation Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business 20 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, repay without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request if delivery of the Companyan undertaking is a legally required condition precedent to such payment, advance or reimbursement, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Microvast Holdings, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee’s counsel provides supporting documentation. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business 20 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 78, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Turning Point Brands, Inc.)

Advancement of Expenses. Indemnitee shall will have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business 20 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shallwill, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall will repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall will execute and deliver to the Company an undertakingundertaking in substantially the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall will be accepted by the Company without reference to Indemnitee’s ability to repay the Expenses. In no event will Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 1 contract

Samples: Director and Office Indemnification Agreement (Aes Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim Claim, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Indemnification Agreement (SMTC Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business sixty (60) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Fat Brands, Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by Indemnitee. Without limiting the generality Indemnitee in connection with any Claim (or effect any part of any other provision hereof, Claim) arising out of an Indemnifiable Event. Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business thirty (30) days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such reasonable Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, Xxxxxxxxxx shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7by final adjudication to which there are no further rights of appeal, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Stagwell Inc)

Advancement of Expenses. The Company shall advance all expenses incurred by Indemnitee shall have in connection with the right to advancement by the Company prior to the final disposition investigation, defense, settlement or appeal of any Indemnifiable Claim of any and all actual and reasonable Expenses relating tocivil or criminal action, arising out of suit or resulting from any Indemnifiable Claim paid proceeding referenced in Section 1(a) or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance hereof. Indemnitee hereby undertakes to Indemnitee funds in an amount sufficient repay such amounts advanced only if, and to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee the extent that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within thirty (30) days following delivery of a written request therefor by Indemnitee to the Company. As used in this Agreement, “expenses” shall include, among other things, all reasonable attorneys' fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, an action, suit or proceeding. Expenses also shall include (i) expenses incurred in connection with any appeal resulting from any action, suit or proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 10 only, expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee's rights under this Agreement, by litigation or otherwise. Expenses, however, for purposes of this Section 2(a), shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee's ability to repay the expenses and without regard to Indemnitee's ultimate entitlement to indemnification hereunderunder the other provisions of this Agreement. Advances shall include any and all reasonable expenses incurred pursuing an action to enforce this right of advancement, including expenses incurred preparing and forwarding statements to the Company to support the advances claimed. The Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that the Indemnitee undertakes to repay the advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company.

Appears in 1 contract

Samples: Indemnification Agreement (NeoStem, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting Except as provided in Section 4 and Section 20, Indemnitee shall not be entitled to advancement of Expenses in connection with any Claim by Indemnitee against the generality Company or effect against any director or officer of any other provision hereof, the Company unless the Company has joined in or consented to the assertion of such Claim. Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that . Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, Indemnitee shall, at the request of the Company’s request, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Sprint Nextel Corp)

Advancement of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance all Expenses incurred by or on behalf of Indemnitee shall have in connection with any Proceeding by reason of Indemnitee’s Corporate Status within 30 days after the right to advancement receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to the or after final disposition of any Indemnifiable Claim of any and all actual and reasonable such Proceeding. Such statement or statements shall reasonably evidence the Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect Advances shall include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right of any other provision hereofadvancement, Indemnitee’s right to such advancement is not subject including Expenses incurred preparing and forwarding statements to the satisfaction of any Standard of ConductCompany to support the advances claimed. Without limiting the generality or effect of the foregoing, within five business 30 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced . Any advances and undertakings to Indemnitee that, at the final disposition of the Indemnifiable Claim repay pursuant to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and this Section 5 shall be accepted unsecured and interest free. Advances shall be made without reference regard to Indemnitee’s (i) ability to repay the Expenses, (ii) ultimate entitlement to indemnification under the other provisions of this Agreement, and (iii) entitlement to and availability of insurance coverage, including advancement, payment or reimbursement of defense costs, expenses of covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement, payment or reimbursement is withheld, conditioned or delayed by or on behalf of the Indemnitee, insurer(s)). Indemnitee hereby undertakes to repay any amounts paid, advanced or reimbursed by and all of the Company in respect amount of Expenses relating to, arising out paid to Indemnitee if it is finally determined by a court of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, competent jurisdiction that Indemnitee is not entitled under this Agreement to indemnification hereunderwith respect to such Expenses. No other form of undertaking shall be required other than the execution of this Agreement. The right to advances under this Section 5 shall in all events continue until final disposition of any Proceeding, including any appeal therein. The Company shall not seek from a court, or agree to, a "bar order" which would have the effect of prohibiting or limiting the Indemnitee's rights to receive advancement of expenses under this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (POINT Biopharma Global Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Corporation prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Indemnitee’s counsel provides supporting documentation; provided, however, that Indemnitee shall repay, without interest, any such amount of Expenses (or portion thereof) actually advanced to Indemnitee in respect of which it shall have been determined, following the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim, or otherwise in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to any prior determination that Indemnitee has satisfied the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company Corporation shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the CompanyCorporation, Indemnitee shall execute and deliver to the Company Corporation an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company Corporation in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Director Indemnification Agreement (Restaurant Brands International Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim actually and reasonably paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any Indemnitee shall submit to the Company a written request by Indemnitee that therefor, including a brief description (based upon information then available to Indemnitee) of such Indemnifiable Claim for which advancement is accompanied by supporting documentation for specific reasonable sought and the Expenses to be reimbursed advanced. Unless otherwise agreed between the Company and Indemnitee, Indemnitee shall provide the Company with a written invoice once per month requesting payment of applicable Expenses. Within ten business days immediately following the receipt of any invoice for advancement of Expenses from Indemnitee, and provided the Company does not dispute, in good faith, all or advancedany portion of such Expenses, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of IndemniteeIndemnitee including, to the extent the Company disputes any portion of such Expenses, such portion the Company does not dispute, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses including, to the extent the Company disputes any portion of such Expenses, such portion the Company does not dispute, or (c) reimburse Indemnitee for such Expenses including, to the extent the Company disputes any portion of such Expenses, such portion the Company does not dispute; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from to such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts Expenses paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determinedif, following the final disposition of such Indemnifiable Claim and in accordance with Claim, Indemnitee shall have been determined, pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder. Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to advancement of Expenses pursuant to this Agreement in connection with any Claim initiated by Indemnitee against the Company or any director or officer of the Company, and the Company shall not be required to advance Expenses to Indemnitee in connection with prosecuting such Claim (or any part thereof) or in defending any counterclaim, cross-claim, affirmative defense, or like claim of the Company in connection with such Claim (or part thereof) unless (i) the Board has authorized or consented to the initiation of such Claim or (ii) the Claim is one to enforce Indemnitee’s rights under this Agreement (including an action pursued by Indemnitee to secure a determination that Indemnitee should be indemnified under applicable law).

Appears in 1 contract

Samples: Indemnification Agreement (Airbnb, Inc.)

Advancement of Expenses. The Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by the Indemnitee or which the Indemnitee determines are reasonably likely to be paid or incurred by the Indemnitee. Without limiting the generality or effect of any other provision hereof, The Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that the Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any written request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedthe Indemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of the Indemnitee, (b) advance to the Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse the Indemnitee for such Expenses; provided that the Indemnitee shall repay, without interest, interest any amounts actually advanced to the Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by the Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at if delivery of an undertaking is a legally required condition precedent to such payment, advance or reimbursement, the request of the Company, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to the Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted by the Company without reference to the Indemnitee’s ability to repay the Expenses, by or on behalf of . In no event shall the Indemnitee’s right to the payment, to repay any amounts paid, advanced advancement or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to the Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 1 contract

Samples: Indemnification Agreement (Diamond S Shipping Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Quicksilver Resources Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business 20 days after any request for Expense Advances by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the ExpensesExpense Advances), by or on behalf of in the Indemnitee, form attached hereto as Exhibit A to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Indemnification Agreement (MeetMe, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Upon request and prior to the final disposition of any an Indemnifiable Claim of any and all actual and reasonable Claim, the Company shall advance to an Indemnitee the Expenses relating (as defined below) paid or incurred by such Indemnitee, or that such Indemnitee determines are reasonably likely to be paid or incurred by him or her, that are related to, arising out of or resulting from any an Indemnifiable Claim paid Liability upon receipt of an undertaking by the Indemnitee to repay such amounts if it is ultimately determined he or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement she is not subject entitled to the satisfaction of any Standard of Conductindemnification. Without limiting the generality or effect of the foregoing, within five ten business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedfrom an Indemnitee, the Company shall, in accordance with such request (but without duplication), (ai) pay such Expenses on behalf of such Indemnitee, (bii) advance to such Indemnitee funds in an amount sufficient to pay such Expenses, Expenses or (ciii) reimburse such Indemnitee for such Expenses; provided provided, that such Indemnitee shall repay, without interest, any amounts actually advanced to such Indemnitee if it did not meet the standard of indemnification or that, at the final disposition determination of the Indemnifiable Claim Indemnified Liability to which the advance related, were in excess of amounts paid or payable by such Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable ClaimIndemnified Liability. In “Expenses” include any reasonable, documented out-of-pocket attorneys’ and experts’ fees and expenses and all other reasonable, documented out-of-pocket costs and expenses paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in (including on appeal), any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunderIndemnified Liabilities.

Appears in 1 contract

Samples: Management Agreement (FXCM Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business 30-days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, Ixxxxxxxxx shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Indemnification Agreement (BranchOut Food Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder. Notwithstanding anything to the contrary contained herein, Indemnitee shall repay any amounts paid, advanced or reimbursed by the Company if any portion of Expenses previously paid, advanced, or reimbursed by the Company is ultimately deemed by a court of competent jurisdiction, after final disposition of the subject Indemnifiable Claim, to be in excess of the amount of Expenses that would have been reasonable with respect to the Indemnifiable Claim.

Appears in 1 contract

Samples: Indemnification Agreement (Traffic.com, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim to which there are no further rights of appeal, of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim actually and reasonably paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any request for advancement of such paymentExpenses (“Expense Advances”), advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the ExpensesExpense Advances), by or on behalf of in the Indemniteeform attached hereto as Exhibit A, to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Crestwood Equity Partners LP)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business twenty (20) calendar days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Companyfor Expense Advances, Indemnitee shall execute not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Execution and deliver delivery to the Company of this Agreement by Indemnitee constitutes an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, undertaking by or on behalf of the Indemnitee, and Indemnitee hereby agrees, to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Section 4 in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been be determined, pursuant to Section 10, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. No other form of undertaking shall be required other than the execution of this Agreement. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Indemnification Agreement (Appfolio Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee’s legal counsel determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific Indemnitee, specifying in reasonable detail such Expenses to be reimbursed or advancedunder this Section 3, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from to such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any Expenses to the extent that amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determinedwere expenses for which, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is shall have been determined not to be entitled to indemnification hereunder.

Appears in 1 contract

Samples: Form of Indemnification Agreement (ECPM Holdings, LLC)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company (i) a written affirmation of his/her good faith belief that he/she meets the standard of conduct described in Ind. Code Section 23-1-37-8, and (ii) an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (CTS Corp)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company (i) a written affirmation of his or her good faith belief that he or she meets the standard of conduct described in Ind. Code Section 23-1-37-8, and (ii) an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.. EXHIBIT 10.24

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Vectren Utility Holdings Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, that is accompanied by supporting documentation relating to the existence of the Claim, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Ness Technologies Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request if delivery of an undertaking is a legally required condition precedent to such payment, advance or reimbursement or is otherwise requested by the Company, Indemnitee shall execute and deliver to the Company an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted by the Company without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section ‎3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (FTS International, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Corporation prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company Corporation shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the CompanyCorporation, Indemnitee shall execute and deliver to the Company Corporation an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company Corporation in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Director and Officer Indemnification Agreement (Endeavor Ip, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim actually and reasonably paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any Indemnitee shall submit to the Company a written request by Indemnitee that therefor, including a brief description (based upon information then available to Indemnitee) of such Indemnifiable Claim for which advancement is accompanied by supporting documentation for specific reasonable sought and the Expenses to be reimbursed advanced. Unless otherwise agreed between the Company and Indemnitee, Indemnitee shall provide the Company with a written invoice once per month requesting payment of applicable Expenses. Within ten business days immediately following the receipt of any invoice for advancement of Expenses from Indemnitee, and provided the Company does not dispute, in good faith, all or advancedany portion of such Expenses, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of IndemniteeIndemnitee including, to the extent the Company disputes any portion of such Expenses, such portion the Company does not dispute, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses including, to the extent the Company disputes any portion of such Expenses, such portion the Company does not dispute, or (c) reimburse Indemnitee for such Expenses including, to the extent the Company disputes any portion of such Expenses, such portion the Company does not dispute; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from to such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts Expenses paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determinedif, following the final disposition of such Indemnifiable Claim and in accordance with Claim, Indemnitee shall have been determined, pursuant to Section 7, not to be entitled to indemnification hereunder. Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to advancement of Expenses pursuant to this Agreement in connection with any Claim initiated by Indemnitee against the Company or any director or officer of the Company, and the Company shall not be required to advance Expenses to Indemnitee in connection with prosecuting such Claim (or any part thereof) or in defending any counterclaim, cross-claim, affirmative defense, or like claim of the Company in connection with such Claim (or part thereof) unless (i) the Board has authorized or consented to the initiation of such Claim or (ii) the Claim is one to enforce Indemnitee's rights under this Agreement (including an action pursued by Indemnitee to secure a determination that Indemnitee should be indemnified under applicable law). The Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that the Indemnitee undertakes to the fullest extent permitted by law to repay the advance (without interest) if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to further appeal, that Indemnitee is not entitled to indemnification hereunderbe indemnified by the Company. No other form of undertaking shall be required other than the execution of this Agreement. Without limiting the generality or effect of the foregoing, within thirty days after any request by Indemnitee, the Company shall, in accordance with such request (but without duplication), (A) pay such Expenses on behalf of Indemnitee, (B) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (C) reimburse Indemnitee for such Expenses.

Appears in 1 contract

Samples: Indemnification Agreement (Duolingo, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by IndemniteeIndemnitee or which Indemnitee determines in good faith are reasonably likely to be paid or incurred by Indemnitee and as to which Xxxxxxxxxx’s counsel provides supporting documentation. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of ConductIndemnification Eligibility Requirement. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (United Natural Foods Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Indemnitee to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Thomas Properties Group Inc)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Corporation prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company Corporation shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repayreturn, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company Corporation an undertakingundertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment, by advancement or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect reimbursement of Expenses relating pursuant to this Section 3.1 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, arising out of or resulting from any Indemnifiable Claim the undertaking set forth in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee is not entitled to indemnification hereunder.Exhibit A.

Appears in 1 contract

Samples: Indemnification Agreement (PMFG, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company prior to the final disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from to any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five fifteen (15) business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting to from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any Expenses to the extent that amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have been determined, following the final disposition of such Indemnifiable Claim and in accordance with Claim. Indemnitee shall have been determined, pursuant to Section 7, that Indemnitee is not to be entitled to indemnification hereunder.

Appears in 1 contract

Samples: Indemnification Agreement (Krystal Biotech, Inc.)

Advancement of Expenses. Indemnitee shall have the right to advancement by the Company Company, prior to the final disposition of any Indemnifiable Claim by final adjudication to which there are no further rights of appeal, of any and all actual Expenses actually and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim reasonably paid or incurred by IndemniteeIndemnitee in connection with any Claim arising out of an Indemnifiable Event. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard standard of Conductconduct. Without limiting the generality or effect of the foregoing, within five business 30 days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advancedIndemnitee, the Company shall, in accordance with such request (but without duplication)request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest, any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such paymentrequest for Expense Advances, advancement Indemnitee shall not be required to provide any documentation or reimbursement, at information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. In connection with any request of the Companyfor Expense Advances, Indemnitee shall execute and deliver to the Company an undertaking, undertaking (which need not be secured and shall be accepted without reference to Indemnitee’s ability to repay the Expenses, by or on behalf of the Indemnitee, Expense Advances) to repay any amounts paid, advanced advanced, or reimbursed by the Company in respect of for such Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which to the extent that it shall have been is ultimately determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

Appears in 1 contract

Samples: Indemnification Agreement (Bruker Corp)

Advancement of Expenses. The Company shall pay all reasonable Expenses incurred by, or in the case of retainers to be incurred by, or on behalf of Indemnitee shall have the right to advancement (or, if applicable, reimburse Indemnitee for any and all Expenses reasonably incurred by Indemnitee and previously paid by Indemnitee) in connection with any Claim or Proceeding, whether brought by the Company or otherwise, in advance of any determination respecting entitlement to indemnification pursuant to Article IV hereof within 10 days after the receipt by the Company of (a) a written request from Indemnitee requesting such payment or payments from time to time, whether prior to the or after final disposition of any Indemnifiable Claim of any such Proceeding, and all actual and reasonable Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof, Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to a written affirmation from Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided of Indemnitee’s good faith belief that Indemnitee shall repay, without interest, any amounts actually advanced has met the standard of conduct necessary for Indemnitee to Indemnitee that, at be permitted to be indemnified under applicable law. Any such payment by the final disposition of the Indemnifiable Claim Company is referred to which the advance related, were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. this Agreement as an “Expense Advance.” In connection with any such paymentrequest for an Expense Advance, advancement or reimbursement, at the request of if requested by the Company, Indemnitee or Indemnitee’s counsel shall execute and deliver also submit an affidavit stating that the Expenses incurred were, or in the case of retainers to be incurred are, reasonable. Any dispute as to the reasonableness of any Expense shall not delay an Expense Advance by the Company, and the Company an undertaking, which need not be secured and agrees that any such dispute shall be accepted without reference to resolved only upon the disposition or conclusion of the underlying Claim against Indemnitee’s ability to . Indemnitee hereby undertakes and agrees that Indemnitee will reimburse and repay the Expenses, by or on behalf of Company without interest for any Expense Advances to the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which extent that it shall have been determined, following the ultimately be determined (in a final disposition adjudication by a court from which there is no further right of appeal or in a final adjudication of an arbitration pursuant to Section 5.1 if Indemnitee elects to seek such Indemnifiable Claim and in accordance with Section 7, arbitration) that Indemnitee is not entitled to indemnification hereunderbe indemnified by the Company against such Expenses. Indemnitee shall not be required to provide collateral or otherwise secure the undertaking and agreement described in the prior sentence.

Appears in 1 contract

Samples: Natural Resources Company (Pioneer Natural Resources Co)

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