Common use of An Indemnified Person Clause in Contracts

An Indemnified Person. (a) shall not be entitled to the indemnification provided for under Section 8.9 and (b) shall be liable to the Partnership for any loss, liability or damage suffered or incurred by the Partnership, directly or indirectly, in connection with any course of conduct, if such loss, liability or damage arises out of: (i) any criminal, fraudulent or dishonest act or wilful violation of any statute, rule or law on the part of the Indemnified Person; or (ii) gross negligence on the part of the Indemnified Person, with gross negligence being defined for these purposes as a conscious, voluntary act or omission by such Person in reckless disregard of such Person's legal duties and of the consequences to the Partnership.

An Indemnified Person. (a) shall not be entitled to the indemnification provided for under Section 8.9 6.14 and (b) shall be liable to the Partnership for any loss, liability or damage suffered or incurred by the Partnership, directly or indirectly, in connection with any course of conduct, if such loss, liability or damage arises out of: (ic) any criminal, fraudulent or dishonest act or wilful violation of any statute, rule or law on the part of the Indemnified Person; or (iid) gross negligence on the part of the Indemnified Person, with gross negligence being defined for these purposes as a conscious, voluntary act or omission by such Person in reckless disregard of such Person's legal duties and of the consequences to the Partnership.