Common use of Pre-Paid Expenses Clause in Contracts

Pre-Paid Expenses. To the maximum extent permitted by applicable law (including the Act), all costs, charges and expenses reasonably incurred by the Indemnified Party in investigating, defending or appealing any civil, criminal or administrative action or proceeding, actual or threatened, covered hereunder shall, at the request of the Indemnified Party, be paid by the Corporation in advance as may be appropriate to enable the Indemnified Party to properly investigate, defend or appeal such action or proceeding, with the understanding and agreement being herein made that, in the event it is ultimately determined that the Indemnified Party was not entitled to be so indemnified, or was not entitled to be fully so indemnified, that the Indemnified Party shall pay to the Corporation forthwith after such ultimate determination such amount or the appropriate portion thereof, so paid in advance. ​

Appears in 2 contracts

Samples: Indemnity Agreement (Zomedica Corp.), Indemnity Agreement (Zomedica Corp.)

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Pre-Paid Expenses. To the maximum extent permitted by applicable law (including the ActBusiness Corporations Act (Alberta)), all costs, charges and expenses reasonably incurred by the Indemnified Party in investigating, defending or appealing any civil, criminal or administrative action or proceeding, actual or threatened, covered hereunder shall, at the request of the Indemnified Party, be paid by the Corporation Company in advance as may be appropriate to enable the Indemnified Party to properly investigate, defend or appeal such action or proceeding, with the understanding and agreement being herein made that, in the event it is ultimately determined that the Indemnified Party was not entitled to be so indemnified, or was not entitled to be fully so indemnified, that the Indemnified Party shall indemnify and hold harmless the Company, and pay to the Corporation Company forthwith after such ultimate determination such amount or the appropriate portion thereof, so paid in advance. ​.

Appears in 1 contract

Samples: Indemnity Agreement (Trident Resources Corp)

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Pre-Paid Expenses. To the maximum extent permitted by applicable law (including the Act), all costs, charges and expenses reasonably incurred by the Indemnified Indemnified Party in investigating, defending or appealing any civil, criminal or administrative action or proceeding, actual or threatened, covered hereunder shall, at the request of the Indemnified Indemnified Party, be paid by the Corporation in advance as may be appropriate to enable the Indemnified Indemnified Party to properly investigate, defend or appeal such action or proceeding, with the understanding and agreement being herein made that, in the event it is ultimately determined that the Indemnified Indemnified Party was not entitled to be so indemnified, or was not entitled to be fully so indemnifiedindemnified, that the Indemnified Party shall pay to the Corporation forthwith after such ultimate determination such amount or the appropriate portion thereof, so paid in advance. ​.

Appears in 1 contract

Samples: Indemnity Agreement (Zomedica Corp.)

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