Common use of Directors and Officers Liability Clause in Contracts

Directors and Officers Liability. Each Member shall carry and maintain Directors’ and Officers’ Liability insurance covering its own respective persons who are serving as officers, directors, Representatives or Management Committee members of a Series. Each Member shall also be responsible for insuring its respective Membership Interest in a Series for securities claims against such Series.

Directors and Officers Liability. Each Member shall carry and maintain Directors’ and Officers’ Liability insurance covering its own respective persons who are serving as officers, directors, Representatives or Management Committee members of a Seriesmembers. Each Member shall also be responsible for insuring its respective Membership Interest in a Series for securities claims against such Seriesthe Company.