Conditions to Expense Advance Sample Clauses
The "Conditions to Expense Advance" clause sets out the specific requirements that must be met before a party is entitled to receive an advance of expenses, such as legal fees or costs, from another party. Typically, this clause will outline prerequisites like providing written requests, submitting supporting documentation, or confirming that the expenses relate to covered activities under the agreement. By clearly defining these conditions, the clause ensures that advances are only made when justified, thereby protecting the advancing party from unnecessary or inappropriate financial exposure.
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Conditions to Expense Advance. The Company’s obligation to provide an Expense Advance is subject to (a) Indemnitee or his representative having first executed and delivered to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s financial ability to make repayment, by or on behalf of Indemnitee to repay all Expense Advances if and to the extent that it shall ultimately be determined by a final, unappealable decision rendered by a court having jurisdiction over the parties and the subject matter of the dispute that Indemnitee is not entitled to be indemnified under this Agreement or otherwise; and (b) Indemnitee furnishing, upon request by the Company and if required under applicable law, a written affirmation of Indemnitee’s good faith belief that Indemnitee has met any applicable standards of conduct.
Conditions to Expense Advance. The Company's obligation to provide an Expense Advance is subject to the following conditions:
Conditions to Expense Advance. The Company’s obligation to provide an Expense Advance is subject to the following conditions:
2.2.1. UNDERTAKING If the Proceeding arose in connection with Indemnitee’s service as a director or officer of the Company (and not in any other capacity in which Indemnitee rendered service, including service to any Related Company), then Indemnitee or Indemnitee’s representative shall have executed and delivered to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s financial ability to make repayment, by or on behalf of Indemnitee, to repay all Expense Advances if it shall ultimately be determined by a final, unappealable decision rendered by a court having jurisdiction over the parties that Indemnitee is not entitled to be indemnified by the Company.
Conditions to Expense Advance. The Bank’s obligation to provide an Expense Advance is subject to the following conditions:
Conditions to Expense Advance. The Company's obligation to provide an Expense Advance is subject to the following conditions:
(a) UNDERTAKING. Indemnitee or his representative shall have executed and delivered to the Company a written undertaking, which need not be secured and shall be accepted without reference to Indemnitee's financial ability to make repayment, by or on behalf of Indemnitee, to repay all Expense Advances if and to the extent that it shall ultimately be determined, by a final decision not subject to appeal rendered by a court having proper jurisdiction, that Indemnitee is not entitled to be indemnified for such Expense Advance under this Agreement or otherwise.
Conditions to Expense Advance. The Company’s obligation to provide an Expense Advance is subject to the following conditions:
(i) Indemnitee shall submit to the Company a written undertaking, constituting an unlimited general obligation of the Indemnitee, to repay any and all of the Expense Advance if it is ultimately determined that the Indemnitee did not meet the required standard of conduct;
(ii) Indemnitee shall submit to the Company a written affirmation of the Indemnitee’s good faith belief that the Indemnitee has met the standard of conduct required to be eligible for indemnification; and
(iii) Indemnitee shall give the Company such information and cooperation as it may reasonably request and as shall be within Indemnitee’s power.
Conditions to Expense Advance. The Bank’s obligation to provide an Expense Advance is subject to Indemnitee or Indemnitee’s representative having first executed and delivered to the Bank an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s financial ability to make repayment, by or on behalf of Indemnitee to repay all Expense Advances if and to the extent that it shall ultimately be finally adjudged that Indemnitee is not entitled to be indemnified under this Agreement or otherwise. Any matter to be determined under this Agreement will be “finally adjudged” if it has been determined in a final, unappealable decision rendered by a court having jurisdiction over the parties and the subject matter of the dispute.
Conditions to Expense Advance. The Company's obligation to provide an Expense Advance is subject to the following conditions:
(a) If the Proceeding arose in connection with Indemnitee's service as a director or officer of the Company (and not in any other capacity in which Indemnitee rendered service, including service to any Related Company), then Indemnitee or his or her representative shall have executed and delivered to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee's financial ability to make repayment, by or on behalf of Indemnitee to repay all Expense Advances if and to the extent that it shall ultimately be determined by a final, unappealable decision rendered by a court having jurisdiction over the parties and the question that Indemnitee is not entitled to be indemnified under this Agreement or otherwise;
(b) Indemnitee shall give the Company such information and cooperation as it may reasonably request and as shall be within Indemnitee's power; and
(c) Indemnitee shall furnish, upon request by the Company, a written affirmation of Indemnitee's good faith belief that any applicable standards of conduct have been met by Indemnitee. INDEMNIFICATION AGREEMENT FINANCIAL PACIFIC COMPANY
Conditions to Expense Advance. Employer's obligation to provide an Expense Advance is subject to the following conditions:
Conditions to Expense Advance. RoomSystems' and the Company's obligation to provide an Expense Advance is subject to the following conditions: