Common use of Advancement or Reimbursement of Expenses Clause in Contracts

Advancement or Reimbursement of Expenses. The Company shall pay in advance or reimburse expenses actually or reasonably incurred or anticipated by such Member or officer in connection with his appearance as a witness or other participation in a proceeding whether or not such Member or officer is a named defendant or a respondent in the proceeding. To obtain indemnification or an expense advance, the person requesting indemnification shall submit to the Company a written request with such information as is reasonably available to him. If the expense advance is to be paid prior to final disposition of the proceeding, there shall be included a written statement of such person's good faith belief that he has met the necessary standard of conduct under the Delaware Law and an undertaking to repay any amount paid if it is ultimately determined that those conduct requirements were not met.