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 13.224(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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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)