Authorization of Indemnification. Any indemnification under Sections 13.1 and 13.2, unless ordered by a court or advanced pursuant to Section 13.5, may be made by the Company only as authorized in the specific case upon a determination that indemnification of the Manager, Member, officer, employee or agent is proper in the circumstances. The determination must be made by a majority of the Class B Members if the person seeking indemnity is not a Class B Member or by independent legal counsel selected by the Manager in a written opinion.
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Samples: Operating Agreement (Real Street Build-to-Rent Fund I, LLC), Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC)
Authorization of Indemnification. Any indemnification under Sections 13.1 and 13.2, unless ordered by a court or advanced pursuant to Section 13.5, may be made by the Company only as authorized in the specific case upon a determination that indemnification of the Manager, Member, officer, employee or agent is proper in the circumstances. The determination must be made by a majority of the Class B C Members if the person seeking indemnity is not a Class B C Member or by independent legal counsel selected by the Manager in a written opinion.
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Samples: Operating Agreement (Brookwood Fenton Investments LLC)
Authorization of Indemnification. Any indemnification under Sections 13.1 14.1 and 13.2Section 14.2, unless ordered by a court or advanced pursuant to Section 13.514.5, may be made by the Company only as authorized in the specific case upon a determination that indemnification of the Manager, Member, officer, employee employee, or agent is proper in the circumstances. The determination must be made by a majority of the Class B Members if the person seeking indemnity is not a Class B Member or by independent legal counsel selected by the Manager in a written opinion.
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Samples: Operating Agreement (Benchmark Real Estate Investment Fund, LLC)
Authorization of Indemnification. Any indemnification under Sections 13.1 and 13.224(b) or (c), unless ordered by a court or advanced pursuant to Section 13.524(f), may be made by the Company only as authorized in the specific case upon a determination that indemnification of the Manager, Member, officer, employee or agent is proper in the circumstances. The determination must be made by a majority of the Class B Members Member if the person Person seeking indemnity is not a the Class B Member or by independent legal counsel selected by the Manager Managers in a written opinion.
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Authorization of Indemnification. Any indemnification under Sections 13.1 14.1 and 13.2Section 14.2, unless ordered by a court or advanced pursuant to Section 13.514.5, may be made by the Company only as authorized in the specific case upon a determination that indemnification of the Manager, Member, officer, employee or agent is proper in the circumstances. The In a case in which the Manager is seeking to be indemnified under this Article 14, the determination must be made by a majority of the Class B Members if the person seeking indemnity is not a Class B Member or by independent legal counsel selected by the Manager in a written opinionMembers.
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