Common use of Obligation to Make Expense Advances Clause in Contracts

Obligation to Make Expense Advances. The Company will make Expense Advances to Indemnitee within 20 days of receipt of a written undertaking by or on behalf of the Indemnitee to repay such amounts if it is ultimately determined that the Indemnitee is not entitled to be indemnified therefor by the Company.

Appears in 2 contracts

Sources: Indemnification Agreement (Cortigent, Inc.), Indemnification Agreement (Cortigent, Inc.)

Obligation to Make Expense Advances. The Company will make Expense Advances to Indemnitee within 20 30 days of receipt of a written undertaking by or on behalf of the Indemnitee to repay such amounts if it is ultimately determined that the Indemnitee is not entitled to be indemnified therefor by the Company.

Appears in 1 contract

Sources: Indemnification & Liability (Vitro Biopharma, Inc.)

Obligation to Make Expense Advances. The Company will make Expense Advances to Indemnitee [within 20 days of receipt of a written undertaking by or on behalf of the Indemnitee to repay such amounts if it is ultimately determined that the Indemnitee is not entitled to be indemnified therefor by the Company.

Appears in 1 contract

Sources: Indemnification Agreement (Azitra Inc)