Advancement of Expenses Clause Example from Business Contracts

This example Advancement of Expenses clause appears in 8 contracts from 4 companies

Advancement of Expenses. Notwithstanding any other provision of this Agreement (other than the final sentence of this Section 5 and Section 9 hereof), the Company will advance all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee's Corporate Status within 30 days after the receipt by the Company of a statement from Indemnitee requesting such advance or advances, whether prior to or after final disposition of such Proceeding. Such statement will reasonably evidence ...the Expenses incurred by Indemnitee and will include or be preceded or accompanied by a written undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it is ultimately determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 5 will be unsecured and interest free. This Section 5 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 9. View More
Found in EF Hutton Acquisition Corp I contract
Natural Order Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on October 13, 2020)

Indemnity Agreement, each dated November 10, 2020 by and between the Registrant and each of the Registrants officers and directors (Filed With SEC on November 13, 2020)

Modiv Acquisition Corp. Contracts

Form of Indemnity Agreement (Filed With SEC on March 24, 2021)

Abri SPAC 2, Inc. Contracts

Form of Indemnity Agreement (Filed With SEC on April 15, 2022)

EF Hutton Acquisition Corp I Contracts

Form of Indemnity Agreement, dated [_], 2022, between the Registrant and each of the Registrants officers and directors (Filed With SEC on June 2, 2022)

Form of Indemnity Agreement between the Registrant and each of the Registrants officers and directors (Filed With SEC on July 29, 2022)

Form of Indemnity Agreement between the Registrant and each of the Registrants officers and directors (Filed With SEC on August 18, 2022)

Indemnity Agreements, dated September 8 2022, by and between the Company and each of the Companys the directors and officers (Filed With SEC on September 15, 2022)