Exculpation of Managers. (a) No Manager shall be liable to the Company or any other Manager for any loss, damage or claim incurred by reason of any action taken or omitted to be taken by such Manager in good-faith reliance on the provisions of this Agreement, so long as such action or omission does not constitute fraud or willful misconduct by such Manager.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (SLR Investment Corp.), Limited Liability Company Agreement, Limited Liability Company Agreement (Solar Capital Ltd.)
Exculpation of Managers. (a) No Manager shall be liable to the Company or any other Manager for any loss, damage or claim incurred by reason of any action taken or omitted to be taken by such Manager in good-faith reliance on the provisions of this Agreement, so long as such action or omission does not constitute constitute, gross negligence, fraud or willful intentional misconduct by such Manager.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Solar Capital Ltd.), Limited Liability Company Agreement (Solar Senior Capital Ltd.)
