Advanced Expenses Clause Samples

The Advanced Expenses clause outlines the conditions under which one party agrees to pay or reimburse certain costs on behalf of another party before a final determination of responsibility. Typically, this clause applies in contexts such as indemnification, where an organization may cover legal fees or other expenses for its officers or employees while a claim or investigation is ongoing. Its core practical function is to ensure that individuals are not financially burdened by costs incurred in the course of their duties, even before it is decided whether they are ultimately liable, thereby providing financial protection and support during potentially lengthy proceedings.
POPULAR SAMPLE Copied 3 times
Advanced Expenses. Expenses incurred by a Manager or Indemnified Officer in defending a civil or criminal claim, action, suit or proceeding may, upon approval of a majority (but not less than two) of the Disinterested Managers, even though less than a quorum, or, if here are less than two Disinterested Managers upon approval of the board of managers, be paid by the Company in advance of the final disposition of such claim, action, suit or proceeding upon receipt of an undertaking by or on behalf of the director of Indemnified Officer to repay such amount unless it shall ultimately be determined that he is entitled to be indemnified against such expenses by the Company.
View SourceView Similar (6)
Advanced Expenses. In addition to the above, OCC will reimburse Semble for all out-of-pocket expenses incurred by Semble in the fulfillment of its responsibilities under this Agreement, including, but not limited to, approved travel expenses incurred by Semble, costs associated with the formation and annual renewal of Newco and third-party accounting fees for Newco, if any. Reimbursement for such expenses will due within 15 days following receipt of Semble’s expense report. For helping you secure a loan with the following key terms outlined below, Consulting Services will include the following: Loan Amount = Up to $3,500,00 Interest Rate = 2% to 5% (full discretion of Borrower) Length of Loan = 5 to 7 years (full discretion of Borrower)
View Source
Advanced Expenses. Expenses incurred by an Indemnified Party in defense or settlement of any claim that appear to be subject to a right of indemnification hereunder may be advanced by the Company prior to the final disposition thereof; provided, however, that prior to such advancement, the Indemnified Party shall have agreed in a writing (determined to be sufficient by the Board to protect the interests of the Company) to repay such advancement to the extent that it shall be determined by a court of competent jurisdiction or an arbitrator that such Indemnified Party is not entitled to be indemnified hereunder.
View Source
Advanced Expenses. To the maximum extent permitted by applicable Law, expenses (including reasonable legal fees) incurred by an Indemnified Person in defending any Proceeding shall, from time to time, be advanced by the Company prior to the final disposition of such Proceeding upon receipt by the Company of a written undertaking by or on behalf of the Indemnified Person to repay such amount if it shall be ultimately determined that the Indemnified Person is not entitled to be indemnified pursuant to this Article X.
View SourceView Similar (2)
Advanced Expenses.  Freelancer may request an advance to cover expected expenses, providing adequate Expense Reimbursement Documentation. The advance should be used exclusively for the purpose stated unless otherwise agreed in writing. Alterantively, Freelancer may arrange for bills over $500 for Client-relevant expenses to be sent to the Client directly.  Invoicing and Payment  Unless the Client agrees to an Advance for Expenses, Client payment requires prior receipt of authorized expense receipts and service invoices. Mode of payment will be through a bank transfer, with details provided in the Agreement. Taxes, if applicable, will be covered by the Client. •
View SourceView Similar (2)
Advanced Expenses. REG will pay the expenses of the Company through August 15, 2013 as follows (the “Advanced Expenses”): (a) Accrued accounting fees of ▇▇▇▇▇▇ of $100,000 in exchange for their commitment to perform the Company audit(s), interim reviews and other procedures that may be required to facilitate the transaction and remaining amounts owed upon completion of the audit(s), interim reviews and other procedures that may be required to facilitate the transaction. (b) Actual cash operating expenses of the Facility approved in advance by REG, with a right to reject, as and when payable in the Ordinary Course estimated at no more than $75,000 per month accrued after the date hereof through the Closing or termination of this Agreement and assuming no production at the Facility. (c) Actual professional fees, including, accounting, legal, and consultant fees to facilitate the transaction incurred after April 18, 2013. REG will pay no more than $750,000 for these amounts. REG, at its sole discretion, will pay these amounts directly to the payable holders, or may choose to have the Company pay with REG reimbursing the Company. In the event this Agreement is terminated pursuant to Section 10.1 hereof, the Advanced Expenses shall be immediately repaid upon such termination with interest accrued from the date of advance until paid in full at a rate of 8% per anum plus the costs of collection, (including attorneys' fees and related changes). The repayment obligation of the Advanced Expenses and any other amounts payable by the Company to REG or Purchaser under this Agreement, including, but not limited to, any Termination Fee and costs of collection, shall be secured by a security interest and mortgage on all assets of the Company in the form of the Purchaser Security Agreement attached as Exhibit A and the Purchaser Mortgage attached as Exhibit B hereto to be executed simultaneous with the execution of this Agreement. The Purchase Price payable at Closing shall be reduced by the amount of the Advanced Expenses plus accrued interest.
View Source
Advanced Expenses. Upon execution of this Agreement, Participant shall remit its Participation Interest share, as calculated in Paragraph 6 below of Six Million Dollars ($6.000.000) to be applied toward expenditures by SECI for the acquisition of leasehold within the Project Area. In a like manner, SECI will continue to request additional amounts to cover amounts it reasonably expects to incur for ongoing leasehold acquisition expenditures within the Project Area. SECI shall invoice Participant for its share of the advance, and Participant will have fifteen (15) business days from receipt of such invoice in which to remit payment of such invoice or notify SECI in writing of its election to withdraw from participation in the Project Area. Failure to remit this advance payment on or before the end of such fifteen-day period will be deemed an election to withdraw from the Project Area and Participant shall not be entitled to any further leasehold acquired unless the payment is made within five (5) business days of a second and final notice of the advance payment. Participant will be entitled to its Participation Interest share of any leases acquired with funds billed to and paid by Participant pursuant to this paragraph. As to leasehold costs other than bonus, brokerage or option payments incurred in any month during which Participant was participating in leasehold expenditures, for any portion of that month, Participant will be responsible for advancing its share (as set for the Paragraph 6 hereof) of such costs, regardless of the status of Participant at the time of billing. Upon Participant’s withdrawal from future acquisitions within the Project Area, Participant will not be responsible for such leasehold costs beginning with costs incurred in the month following Participant’s withdrawal, unless such costs are attributable to leasehold previously earned by Participant. Participant’s participation under this Agreement is limited to Participant’s expenditure of a net $750.000.00, inclusive of advanced expenses, for leasehold acquisition (bonus, lease, maintenance and brokerage combined). After Participant’s net expenditure of $750,000.00, Participant may withdraw from future acreage acquisitions, but may only do so in writing by giving thirty (30) days advance written notice to SECI of Participants intent to withdraw from the acquisition of additional leasehold rights, otherwise Participant shall continue and shall be responsible for Its proportionate share of costs up lo and...
View Source
Advanced Expenses. Consultant will be advanced Twenty-five Thousand USD ($25,000) every year providing this agreement remains valid and agreed. The initial payment will be due upon (a) the company raising funds over Two hundred Thousand USD ($200,000) from the effective date of this agreement (b) the company obtaining OTCQB Status.
View Source

Related to Advanced Expenses

  • Reimbursement of Costs and Expenses Seller shall have paid, or reimbursed Purchaser for, all reasonable and documented out-of-pocket expenses, including but not limited to reasonable legal fees of outside counsel and reasonable and due diligence fees, actually incurred by Purchaser in connection with the development, preparation and execution of this Agreement, the other Transaction Documents and any other documents prepared in connection herewith or therewith.

  • Payment of Costs and Expenses The Borrower agrees to pay on demand all reasonable expenses of each of the Agents and the Arranger (including the reasonable fees and out-of-pocket expenses of counsel to the Agents and the Arranger and of local or foreign counsel, if any, who may be retained by counsel to the Agents) in connection with (a) the syndication by the Syndication Agent and the Arranger of the Loans, the negotiation, preparation, execution and delivery of this Agreement and of each other Loan Document, including schedules and exhibits, and any amendments, waivers, consents, supplements or other modifications to this Agreement or any other Loan Document as may from time to time hereafter be required, whether or not the transactions contemplated hereby are consummated; (b) the filing, recording, refiling or rerecording of each Pledge Agreement and each Security Agreement and/or any Uniform Commercial Code financing statements relating thereto and all amendments, supplements and modifications to any thereof and any and all other documents or instruments of further assurance required to be filed or recorded or refiled or rerecorded by the terms hereof or of such Pledge Agreement, Security Agreement or Uniform Commercial Code financial statements; and (c) the preparation and review of the form of any document or instrument relevant to this Agreement or any other Loan Document. The Borrower further agrees to pay, and to save the Agents, the Documentation Agent, the Arranger, the Issuer and the Lenders harmless from all liability for, any stamp or other similar taxes which may be payable in connection with the execution or delivery of this Agreement, the Credit Extensions made hereunder or the issuance of the Notes or Letters of Credit or any other Loan Documents. The Borrower also agrees to reimburse each Agent, the Documentation Agent, the Arranger, the Issuer and each Lender upon demand for all reasonable out-of-pocket expenses (including reasonable attorneys' fees and legal expenses) incurred by such Agent, the Documentation Agent, the Arranger, the Issuer or such Lender in connection with (x) the negotiation of any restructuring or "work-out", whether or not consummated, of any Obligations and (y) the enforcement of any Obligations.

  • Collection Expenses The Borrower further agrees, subject only to any limitation imposed by applicable law, to pay all expenses, including reasonable attorneys’ fees, incurred by the holder of this Note in endeavoring to collect any amounts payable hereunder which are not paid when due.

  • Reimbursement of Fees and Expenses The Advisor retains its right to receive reimbursement of any excess expense payments paid by it pursuant to this Agreement under the same terms and conditions as it is permitted to receive reimbursement of reductions of its investment management fee under the Investment Advisory Agreement.

  • Lender Expenses Whether or not any Loan is made, Borrower will (a) pay all reasonable costs and expenses of the Lender incident to the transactions contemplated by this Agreement including, without limitation, all costs and expenses incurred in connection with the preparation, negotiation and execution of the Loan Documents, or in connection with any modification, amendment, alteration, or the enforcement of this Agreement, the Notes, the Subordinated Debenture or the other Loan Documents, including, without limitation, the Lender’s out-of-pocket expenses and the charges and disbursements to counsel retained by the Lender, and (b) pay and save the Lender and all other holders of the Notes and Subordinated Debenture harmless against any and all liability with respect to amounts payable as a result of (i) any taxes which may be determined to be payable in connection with the execution and delivery of this Agreement, the Notes, the Subordinated Debenture or the other Loan Documents or any modification, amendment or alteration of the terms or provisions of this Agreement, the Notes, the Subordinated Debenture or the other Loan Documents, (ii) any interest or penalties resulting from nonpayment or delay in payment of such expenses, charges, disbursements, liabilities or taxes, and (iii) any income taxes in respect of any reimbursement by Borrower for any of such violations, taxes, interests or penalties paid by the Lender. The obligations of the Borrower under this Section 4.11 shall survive the repayment in full of the Notes and the Subordinated Debenture. Any of the foregoing amounts incurred by the Lender and not paid by the Borrower upon demand shall bear interest from the date incurred at the rate of interest in effect or announced by Lender from time to time as its Base Rate plus 6% per annum and shall be deemed part of the Borrower’s Liabilities hereunder.