12/15/2025 10:43:32 PM Magic Words Required: The Court of Chancery Holds That the Phrase ‘Payable as Incurred’ Does Not Create Advancement Rights By Nick Fore Taylor Bartholomew Christopher Chuff Matthew Greenberg +1 more... Show less The Delaware Court of Chancery held that the phrase “payable as incurred” in an indemnification provision does not create advancement...