Example ContractsClausestiming of paymentsVariants
Remove:

Timing of Payments. All payments of Expenses (including Expense Advances) by the Company to or on behalf of Indemnitee pursuant to this Deed shall be made to the fullest extent permitted by applicable law as soon as practicable after written demand by Indemnitee therefor is presented to the Company, but in no event later than forty-five (45) days after such written demand by Indemnitee is presented to the Company, except in the case of Expense Advances, which shall be made no later than twenty (20) days after such written demand by Indemnitee is presented to the Company. If the Company disputes a portion of the amounts for which payment is requested, the undisputed portion shall be paid and only the disputed portion withheld pending resolution of any such dispute.

Timing of Payments. All payments of Expenses (including

Obligations to Make and Repay Expense Advances) by theAdvances. The Company shall make Expense Advances to or on behalf of Indemnitee pursuant to this Deed shall be madeIndemnitee, to the fullest extent permitted by applicable law as soon as practicable after written demand byand the Indemnitee therefor is presentedhereby irrevocably and unconditionally undertakes and agrees to repay such amounts to the Company, but in no event later than forty-five (45) days after such written demand byextent a final judicial determination is made (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee is presentednot entitled to be Indemnified under this Deed or Otherwise. The right to Expense Advances under this Section shall in all events continue until final disposition of any Claim (as to which all rights of appeal therefrom have been exhausted or lapsed). Indemnitee’s right to Expense Advances is not subject to the Company, except in the casesatisfaction of any standard of conduct. Expense Advances, whichAdvances shall be made no later thanwithout regard to Indemnitee’s ability to repay and shall include any and all reasonable Expenses incurred pursuing a claim to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed. Without limiting the generality or effect of the foregoing, within twenty (20) days after such written demandany request by Indemnitee is presented to the Company. IfIndemnitee, the Company disputes a portionshall, in accordance with such request (but without duplication), # pay such Expenses on behalf of the amountsIndemnitee, # advance to Indemnitee funds in an amount sufficient to pay such Expenses, or # reimburse Indemnitee for which payment is requested, the undisputed portion shall be paid and only the disputed portion withheld pending resolution of any such dispute.Expenses.

Timing

Advancement of Payments. All payments ofExpenses. The Company shall advance the Expenses (including Expense Advances)incurred by Indemnitee in connection with any proceeding, and such advancement shall be made within twenty (20) days after the receipt by the Company of a statement or statements requesting such advances (which shall include invoices received by lndemnitee in connection with such Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or on behalf ofto expenditures made that would cause Indemnitee pursuant to this Deedwaive any privilege accorded by applicable law shall not be included with the invoice. Advances shall be madeunsecured, interest free and without regard to Indemnitee’s ability to repay the Expenses. lndemnitee’s right to such advancement is not subject to the satisfaction of any standard of conduct. Advances shall include any and all Expenses incurred by Indemnitee pursuing an action to enforce lndemnitee’s right to indemnification under this Agreement or otherwise and this right of advancement, including expenses incurred preparing and forwarding statements to the Company to support the advances claimed. Indemnitee acknowledges that the execution and delivery of this Agreement shall constitute an undertaking providing that Indemnitee shall, to the fullest extent permittedrequired by applicable law as soon as practicable after written demand by Indemnitee therefor is presentedlaw, repay the advance (without interest) if and to the Company, butextent that it is ultimately determined by a court of competent jurisdiction in no event later than forty-five (45)a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. No other undertaking shall be required. The right to advances under this Section shall continue until final disposition of any proceeding, including any appeal therein. Without limiting the generality or effect of the foregoing, within twenty days after such written demandany request by Indemnitee is presented to the Company, except in the case of Expense Advances, which shall be made no later than twenty (20) days after such written demand by Indemnitee is presented to the Company. Iflndemnitee, the Company disputesshall, in accordance with such request (but without duplication), # pay such Expenses on behalf of lndemnitee, # advance to lndemnitee funds in an amount sufficient to pay such Expenses, or # reimburse Indemnitee for such Expenses. The Company shall not seek from a portioncourt, or agree to, a “bar order” which would have the effect of prohibiting or limiting the amounts for which payment is requested, the undisputed portion shall be paid and only the disputed portion withheld pending resolutionIndemnitee’s rights to receive advancement of any such dispute.expenses under this Agreement,

Select clause to view document information.

Draft better contracts
faster with AllDrafts

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.