Common use of Exception to Indemnification Clause in Contracts

Exception to Indemnification. Notwithstanding anything to the contrary in this Agreement, the Managing Member shall not be entitled to indemnification hereunder for any loss, claim, damage, liability or expense for which the Managing Member is obligated to indemnify the Company under any other agreement between the Managing Member and the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Nexpoint Diversified Real Estate Trust), Operating Agreement (Broadstone Net Lease, Inc.), Operating Agreement (Broadstone Net Lease, Inc.)

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