Right to Petition Court. In the event that Indemnitee makes a request for payment of Indemnifiable Amounts under [Sections 3 and 5]5] above or a request for an advancement of Indemnifiable Expenses under [Sections 8 and 9]9] above and the Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the Court of Chancery to enforce the Companys obligations under this Agreement.
Right to Petition Court. In the event that Indemnitee makes a request for payment of Indemnifiable Amounts under [Sections 3 and 5]5] above or a request for an advancement of Indemnifiable Expenses under [Sections 8 and 9]9] above and the Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the Court of Chancery to enforce the Companys obligations under this Agreement.
RIGHT TO PETITION COURT. In the event that the Director makes a request for payment of Indemnifiable Amounts under Clauses 6 and 8-10 above, and the Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, the Director may petition the appropriate judicial authority to enforce the Companys obligations under this Agreement.
RIGHT TO PETITION COURT. In the event that the Executive Director makes a request for payment of Indemnifiable Amounts under Clauses 8, 10-12 above, and the Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, the Executive Director may petition the appropriate judicial authority to enforce the Company’s obligations under this Agreement.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.