Duty of Care Indemnification. (a) The Manager shall not be liable to the Company or to any of its Members for any loss or damage occasioned by any acts or omissions in the performance of its services as Manager, unless such loss or damage is due to the gross negligence, bad faith or willful misfeasance of the Manager, or as otherwise required by law.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC)
Duty of Care Indemnification. (a) The Manager shall not be liable to the Company or to any of its Members for any loss or damage occasioned by any acts or omissions in the performance of its services as Manager, unless such loss or damage is due to the gross negligence, bad faith or willful misfeasance of the Manager, or as otherwise required by law.. ANNEX C
Appears in 1 contract
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC)
Duty of Care Indemnification. (a) The Manager (and its Investment Committee or Advisory Board, if established) shall not be liable to the Company or to any of its Members for any loss or damage occasioned by any acts or omissions in the performance of its services as Manager, unless such loss or damage is due to the gross negligence, bad faith recklessness or willful misfeasance misconduct of the Manager, or as otherwise required by law.
Appears in 1 contract
Samples: Liability Company Operating Agreement (Seaway Valley Capital Corp)
