Common use of Advancement of Expenses and Costs Clause in Contracts

Advancement of Expenses and Costs. All reasonable expenses and costs actually incurred by the Indemnitee (including reasonable attorneys' fees, retainers and advances of disbursements required of the Indemnitee) shall be paid by the Company in advance of the final disposition of such action, suit or proceeding, if so requested by the Indemnitee, within 30 days after the receipt by the Company of a statement or statements from time to time. The Indemnitee's entitlement to such expenses shall include those incurred in connection with any proceeding by the Indemnitee seeking an adjudication or award in arbitration pursuant to this Agreement. Such statement or statements shall reasonably evidence the expenses and costs incurred by him in connection therewith and shall include or be accompanied by an undertaking by or on behalf of the Indemnitee to repay such amount if it is ultimately determined that the Indemnitee is not entitled to be indemnified against such expense and costs by the Company pursuant to this Agreement or otherwise.

Appears in 12 contracts

Samples: Agreement of Indemnification of Directors (Waste Recovery Inc), Agreement of Indemnification of Directors (Waste Recovery Inc), Agreement of Indemnification of Directors (Waste Recovery Inc)

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Advancement of Expenses and Costs. All reasonable expenses and costs actually incurred by the Indemnitee (including reasonable attorneys' fees, retainers and advances of disbursements required of the Indemnitee) shall be paid by the Company in advance of the final disposition of such action, suit or proceeding, if so requested by proceeding at the Indemnitee, request of Indemnitee within 30 twenty days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time. The Indemnitee's entitlement to such expenses shall include those incurred in connection with any proceeding by the Indemnitee seeking an adjudication or award in arbitration pursuant to this Agreement. Such statement or statements shall reasonably evidence the expenses and costs incurred by him in connection therewith and shall include or be accompanied by an undertaking by or on behalf of the Indemnitee to repay such amount if it is ultimately determined that the Indemnitee is not entitled to be indemnified against such expense expenses and costs by the Company pursuant to as provided by this Agreement or otherwise.

Appears in 9 contracts

Samples: Indemnification Agreement (Laidlaw Global Corp), Indemnification Agreement (Workflow Management Inc), Indemnification Agreement (Laidlaw Global Corp)

Advancement of Expenses and Costs. All reasonable expenses and costs actually Expenses incurred by the or on behalf of Indemnitee (including reasonable attorneys' fees, retainers and advances of disbursements required of the Indemniteeor reasonably expected by Indemnitee to be incurred by Indemnitee within three months) shall be paid by the Company in advance of the final disposition of such action, suit or proceeding, if so requested by the Indemnitee, proceeding within 30 twenty days after the receipt by the Company of a statement or statements from Indemnitee requesting from time to timetime such advance or advances. The Indemnitee's entitlement to such expenses advancement of Expenses shall include those incurred in connection with any proceeding by the Indemnitee seeking an adjudication or award in arbitration pursuant to this Agreement. Such statement or statements shall reasonably evidence the expenses and costs such Expenses incurred (or reasonably expected to be incurred) by him Indemnitee in connection therewith and shall include or be accompanied by an a written undertaking by or on behalf of the Indemnitee to repay such amount if it is shall ultimately be determined that the Indemnitee is not entitled to be indemnified against such expense and costs by the Company therefor pursuant to the terms of this Agreement or otherwiseAgreement.

Appears in 1 contract

Samples: Indemnification Agreement (Hispanic Express Inc)

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Advancement of Expenses and Costs. All reasonable expenses and costs actually incurred by the Indemnitee (including reasonable attorneys' fees, retainers and advances of disbursements required of the Indemnitee) shall be paid by the Company upon incurrence, in advance of the final disposition of such action, suit or proceeding, if so requested by at the Indemnitee, request of the Indemnitee within 30 20 days after the receipt by the Company of a statement or statements from the Indemnitee requesting such advance or advances from time to time. The Indemnitee's entitlement to such expenses shall include those incurred in connection with any proceeding by the Indemnitee seeking an adjudication or award in arbitration pursuant to this Agreement. Such statement or statements shall reasonably evidence the expenses and costs incurred by him in connection therewith and shall include or be accompanied by an undertaking by or on behalf of the therewith. The Indemnitee hereby undertakes to repay such amount if it is ultimately determined that the Indemnitee is not entitled to be indemnified against such expense expenses and costs by the Company pursuant to as provided by this Agreement or otherwise.

Appears in 1 contract

Samples: Indemnification Agreement (Insignia Esg Holdings Inc)

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