Contract Right; Expenses. The right to indemnification conferred in this Article X will be a contract right. A Covered Person’s right to indemnification under this Agreement includes the right to require the Fund to advance the expenses incurred by that Covered Person in defending any Proceeding in advance of its final disposition subject to an understanding to return the amount so advanced if it is ultimately determined that the Covered Person has not met the standard of conduct required for indemnification.
Appears in 5 contracts
Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement
Contract Right; Expenses. The right to indemnification conferred in this Article X XI will be a contract right. A Covered Person’s right to indemnification under this Agreement includes the right to require the Fund to advance the expenses incurred by that Covered Person in defending any Proceeding in advance of its final disposition subject to an understanding to return the amount so advanced if it is ultimately determined that the Covered Person has not met the standard of conduct required for indemnification.
Appears in 5 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
Contract Right; Expenses. The right to indemnification conferred in this Article X XI will be a contract right. A Covered Person’s 's right to indemnification under this Agreement includes the right to require the Fund to advance the expenses incurred by that Covered Person in defending any Proceeding in advance of its final disposition subject to an understanding to return the amount so advanced if it is ultimately determined that the Covered Person has not met the standard of conduct required for indemnification.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Contract Right; Expenses. The right to indemnification conferred in this Article X XI will be a contract right. A Covered Person’s right to indemnification under this Agreement includes the right to require the Fund Company to advance the expenses incurred by that Covered Person in defending any Proceeding in advance of its final disposition subject to an understanding to return the amount so advanced if it is ultimately determined that the Covered Person has not met the standard of conduct required for indemnification.
Appears in 1 contract
Samples: Individual Series Limited Liability Company Agreement (Freeport Holdings Series LLC)
