Common use of Exculpation and Indemnification Clause in Contracts

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (Affinity Guest Services, LLC), Limited Liability Company Agreement (Affinity Guest Services, LLC), Limited Liability Company Agreement (Affinity Guest Services, LLC)

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Exculpation and Indemnification. None of Neither the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or Member nor any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 18 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (PERRIGO Co PLC), Limited Liability Company Agreement (PERRIGO Co PLC), Limited Liability Company Agreement (PERRIGO Co PLC)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 20 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (RDA Holding Co.), Limited Liability Company Agreement (RDA Holding Co.), Limited Liability Company Agreement (RDA Holding Co.)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents Member or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Roux Laboratories, Inc.), Limited Liability Company Agreement (Roux Laboratories, Inc.), Limited Liability Company Agreement (Roux Laboratories, Inc.)

Exculpation and Indemnification. None of Neither the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or Member nor any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who that has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 17 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 2 contracts

Samples: Operating Agreement (PERRIGO Co PLC), Operating Agreement (PERRIGO Co PLC)

Exculpation and Indemnification. None of the No Member, any of its respective membersOfficer, employees"authorized person" or "authorized signatory", agentsas defined under this Agreement (each, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an "Indemnified Party”) "), shall be liable to the Company or any other Person person or entity who has an interest in the Company bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or 's willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 17 shall be provided out of and to the extent of Company assets only, and the Member shall not have no personal liability on account thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Jp Morgan Multi-Strategy Fund LLC), Limited Liability Company Agreement (J P Morgan Atlas Global Long / Short Equity Fund LLC)

Exculpation and Indemnification. None of the MemberMembers, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees the Manager or agents or any Officer Officers (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 20 shall be provided out of and to the extent of Company assets only, and neither the Manager nor any Member shall have no personal liability on account thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kenon Holdings Ltd.), Limited Liability Company Agreement (Kenon Holdings Ltd.)

Exculpation and Indemnification. None No Member, no Affiliate of a member, nor any Manager, Officer, employee or agent of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer Company (each an “Indemnified Party”) shall be liable to the Company Company, or any other Person person or entity who has an interest in the Company Company, for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party Member or Officer in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party Member or Officer by this Agreement, except that an Indemnified Party shall be liable for any unless such lossact or omission constituted bad faith, damage or claim incurred by reason of such Indemnified Party’s gross negligence negligence, fraud or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such an Indemnified Party by reason of any act or omission performed or omitted by such an Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such an Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any lossunless such act or omission constituted bad faith, damage or claim incurred by such Indemnified Party by reason of gross negligence negligence, fraud or willful misconduct with respect to such acts or omissionsmisconduct; provided, however, that any indemnity under this Section 19 16 shall be provided out of and to the extent of Company assets only, and the no Member shall have no personal liability on account thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Triton Coal Company, L.L.C.), Limited Liability Company Agreement (Triton Coal Company, L.L.C.)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 18 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Craig Protein Division, Inc.), Limited Liability Company Agreement (RMFD of New Jersey, Inc.)

Exculpation and Indemnification. None Neither the Member nor any officer of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer Company (each an “Indemnified Party”) shall be liable to the Company or any other Person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such the Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such the Indemnified Party by this Agreement, except that an the Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such the Indemnified Party’s willful misconduct or gross negligence or willful misconductnegligence. To the full fullest extent permitted by applicable law, an Indemnified the mdernnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such the Indemnified Party by reason of any act or omission performed or omitted by such the Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such the Indemnified Party by this Agreement, except that no the Indemnified Party shall not be entitled to be indemnified in respect of any loss, damage or claim incurred by such the Indemnified Party by reason of willful misconduct or gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 13 shall be provided out of and to the extent of Company assets only, and the Member shall not have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DCT Chino LLC)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an "Indemnified Party") shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s 's gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Exculpation and Indemnification. None of Neither the Member, Member nor any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full fullest extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (LIN Media LLC)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents Manager or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full fullest extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 18 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (STR Holdings (New) LLC)

Exculpation and Indemnification. None of Neither the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or Member nor any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who that has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 18 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PERRIGO Co PLC)

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Exculpation and Indemnification. None of the MemberMembers, any Manager, any Observer, any of its their respective members, employees, agents, officers, directors, any of their respective affiliatesAffiliates, consultants, employees or agents or any Officer (each each, an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 41 shall be provided out of and to the extent of Company assets only, and the Member Members, the Managers and the Observers shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Orgenesis Inc.)

Exculpation and Indemnification. None Neither the Members, the Managers nor any officer of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer Company (each an “Indemnified 'indemnified Party**) shall be liable to the Company or any other Person or entity who has an interest in the Company for any loss, damage or of claim incurred by reason of any act or omission performed or omitted by the Indemnified Part}' in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on the Indemnified Party by this Agreement, except that the Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of the Indemnified Party's willful misconduct or gross negligence. To the fullest extent permitted by applicable law', the Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred bv the Indemnified Party by reason of any act or omission performed or omitted by the Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such the Indemnified Party by this Agreement, except that an the Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall not be entitled to be indemnified in respect of any loss, damage or claim incurred by such the Indemnified Party by reason of willful misconduct o t gross negligence or willful misconduct with respect to such acts or omissions; : provided, . however, that any indemnity indemnity' under this Section 19 12 shall be provided out of and to the extent of Company assets only, and neither the Member Members nor the Managers shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or actor omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 20 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (RDA Holding Co.)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents Manager or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full fullest extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 17 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (STR Holdings (New) LLC)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (C&G Investments, LLC)

Exculpation and Indemnification. None of the Member, any of its respective members, managers, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents or any Officer Manager, employee, agent, or officer or any of their respective affiliates, consultants, employees or agents (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of or any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be the indemnified in respect of to any loss, damage or claim incurred by such Indemnified Party or by reason of gross negligence or willful misconduct with respect to such acts or omissions; providedprovide, however, that any nay indemnity under this the Section 19 shall be provided out of and an to the extent of Company assets only, and the Member shall have no not personal liability on account thereof.

Appears in 1 contract

Samples: Operating Agreement (EnergySolutions Midwest, LLC)

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents Member or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s fraud, gross negligence or willful misconduct. To the full fullest extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of fraud, gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 16 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (King LLC Merger Sub, LLC)

Exculpation and Indemnification. (a) None of the Member, any trustee or manager of its respective membersthe Member, employeesthe Managers, agentsOfficers, officers, directors, any of their respective affiliates, consultantsthe Plan Administrator, employees or agents or any Officer of the Company (each each, an “Indemnified Party”) shall be liable to the Company Company, the Member, any Manager or any other Person person or entity who has an interest in the Company is a party to or is otherwise bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this AgreementCompany, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s willful misconduct, bad faith, gross negligence or willful misconductfraud. To the full fullest extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this AgreementParty, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of such Indemnified Party's willful misconduct, bad faith, gross negligence or willful misconduct fraud with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 shall be provided out of the Member, Managers, Officers and to the extent of Company assets only, and the Member other Indemnified Parties shall have no personal liability on account thereof. (b) To the fullest extent permitted by law, notwithstanding any other provision of this Agreement or any duty otherwise existing at law or in equity, no Indemnified Party shall have (i) any fiduciary duties to the Company, the Member or any other person or entity who is a party to or is otherwise bound by this Agreement, or (ii) except as expressly set forth herein, any other duties to the Company, the Member or any other person or entity who is a party to or is otherwise bound by this Agreement; provided that nothing in this Section 23(b) shall eliminate the implied contractual covenant of good faith and fair dealing. (c) To the fullest extent permitted by applicable law, expenses (including reasonable legal fees) incurred by an Indemnified Party defending any claim, demand, action, suit or proceeding shall, from time to time, be advanced by the Company prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Company of an undertaking by or on behalf of such Indemnified Party to repay such amount if it shall be determined that such Indemnified Party is not entitled to be indemnified as authorized in this Section 23. (d) Notwithstanding the fact that the Member, or any of its affiliates, other than the Company (together, the “Sponsor Parties”), may have concurrent liability to an Indemnified Person with respect to indemnity and/or advancement obligations, the Company and its subsidiaries shall be the indemnitor of first resort (and the liability of any Sponsor Party for such indemnity and/or advancement shall be secondary) and the Company and its subsidiaries shall have no right or claim against any of the Sponsor Parties for contribution or have rights of subrogation against any Sponsor Parties through an Indemnified Person with respect to any indemnity or advancement obligation provided pursuant to this Section 23. In the event that any Sponsor Party pays or advances an Indemnified Person any amount with respect to an indemnity or advancement obligation, the Company will, or will cause its subsidiaries to, as applicable, promptly reimburse such Sponsor Party for such payment or advance upon request. For the avoidance of doubt, any insurance coverage for any indemnity or advancement obligation provided by, obtained by or paid for by the Company or any of its subsidiaries on the one hand and any Sponsor Party on the other hand shall be subject to the same primary and secondary liability hierarchy set forth in this Section 23(d). (e) The Company shall purchase and maintain insurance on behalf of the Indemnified Parties against any liability which may be asserted against, or expense which may be incurred by, any such Person in connection with the business of the Company and the Company’s other activities.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Exculpation and Indemnification. None of the Member, any of its respective members, employees, agents, officers, directors, any of their respective affiliates, consultants, employees or agents Member or any Officer (each an “Indemnified Party”) shall be liable to the Company or any other Person person or entity who has an interest in the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that an Indemnified Party shall be liable for any such loss, damage or claim incurred by reason of such Indemnified Party’s gross negligence or willful misconduct. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Party by reason of gross negligence or willful misconduct with respect to such acts or omissions; provided, however, that any indemnity under this Section 19 18 shall be provided out of and to the extent of Company assets only, and the Member shall have no personal liability on account thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lantheus MI Intermediate, Inc.)

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