Advances of Litigation Costs. The Company shall, without requiring a preliminary determination of Indemnitee’s ultimate entitlement to indemnification, advance all Litigation Costs incurred by or on behalf of Indemnitee in connection with any Proceeding, including a proceeding by or in the right of the Company, in which Indemnitee is involved by reason of the fact that the Indemnitee is or was a director, officer, employee or agent of the Company or any Enterprise, including without limitation any such Proceeding in which Indemnitee is or was a witness or is threatened to be made a witness, within 20 calendar days after the receipt by the Company of a written statement from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding and a written affirmation of the director’s good faith belief that the standard of conduct necessary for indemnification has been met. To the extent required by Maryland law, Indemnitee hereby undertakes to repay any and all of the amount of Litigation Costs paid to Indemnitee if it is finally determined by a court of competent jurisdiction in accordance with Section 2.5 that Indemnitee is not entitled under this Agreement to indemnification with respect to such Litigation Costs. This undertaking is an unlimited general obligation of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay such advanced Litigation Costs and without any requirement to post security therefor.
Advances of Litigation Costs. At the request of the Indemnified Person, Litigation Costs incurred by the Indemnified Person in any Proceeding shall be paid by the Company in advance of the final disposition of such Proceeding to the fullest extent permitted by Pennsylvania law with the undertaking of the Indemnified Person, which undertaking is hereby given, to repay the amount if it is ultimately determined that he is not entitled to be indemnified by the Company as authorized by Pennsylvania law.
Advances of Litigation Costs. At the request of Indemnitee, Litigation Costs incurred by him in any Proceeding shall be paid by the Corporation in advance of the final disposition of such matter with the undertaking of Indemnitee, which hereby is given, that if it shall be ultimately determined that Indemnitee was not entitled to be indemnified, or was not entitled to be fully indemnified, Indemnitee shall repay to the Corporation the amount, or appropriate portion thereof, so advanced. Such payment by the Corporation shall be made promptly (but in any event within 30 days) after its receipt of Indemnitee's request therefor.
Advances of Litigation Costs. At the request of Indemnitee, Litigation Costs incurred by him in any Proceeding shall be paid by the Company in advance of the final disposition of such matter to the fullest extent permitted by Maryland law.
Advances of Litigation Costs. At the written request of Indemnitee, Litigation Costs actually and reasonably incurred by Indemnitee in any Proceeding shall be paid by the Corporation in advance of the final disposition of such matter with the undertaking of Indemnitee, which hereby is given, that if it shall be ultimately determined, in a final, non-appealable judgment rendered by the court of last resort (or by a lower court if not timely appealed), that Indemnitee was not entitled to be indemnified, or was not entitled to be fully indemnified, Indemnitee shall repay to the Corporation the amount, or appropriate portion thereof, so advanced. Such payment by the Corporation shall be made promptly (but in any event within 30 days) after its receipt of Indemnitee’s request therefor. If the Corporation makes an advance of Litigation Costs pursuant to this Section 2.5, the Corporation shall be subrogated to every right of recovery Indemnitee may have against any insurance carrier from whom the Corporation has purchased insurance for such purpose.
