Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 44 contracts
Samples: Limited Liability Company Agreement (DMC Global Inc.), Limited Liability Company Agreement (DMC Global Inc.), Limited Liability Company Agreement
Exculpation. No To the fullest extent permitted by applicable law, no Covered Person shall be liable or accountable in damages or otherwise to the Company or to any other Covered Person Member for any loss, damage loss or claim incurred by reason of liability arising from any act or omission performed or omitted by of such Covered Person in good faith on behalf of relating to the Company unless, and in a manner believed only to be within the scope of authority conferred on extent that, such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage act or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreementomission constituted fraud.
Appears in 31 contracts
Samples: Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.)
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 30 contracts
Samples: Limited Liability Company Agreement (Eagle Bulk Shipping Inc.), Limited Liability Company Agreement (Eagle Bulk Shipping Inc.), Limited Liability Company Agreement (Imperial Eagle Shipping LLC)
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person Member for any loss, damage or claim incurred by reason of any act or omission performed taken or omitted suffered by such Covered Person in good faith on behalf and in the reasonable belief that such act or omission is in or is not contrary to the best interests of the Company and in a manner believed to be is within the scope of authority conferred on granted to such Covered Person by this Agreement, except provided that a Covered Person shall be liable for any such loss, damage act or claim incurred omission is not in violation of this Agreement and does not constitute Disabling Conduct by reason of such the Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 5 contracts
Samples: Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.)
Exculpation. No To the fullest extent permitted by applicable Law, no Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person 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 Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s fraud, gross negligence, willful misconduct negligence or willful breach of this Agreementmisconduct.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (FirstEnergy Transmission, LLC), Purchase and Sale Agreement (Firstenergy Corp), Limited Liability Company Agreement (Firstenergy Corp)
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person Member or Unit Holder for any loss, damage or claim incurred by reason of any act or omission performed taken or omitted suffered by such Covered Person in good faith on behalf and in the reasonable belief that such act or omission is in or is not contrary to the best interest of the Company and in a manner believed to be is within the scope of authority conferred on granted to such Covered Person by this Agreement; provided, except however, that a Covered Person shall be liable for any such loss, damage act or claim incurred omission does not violate this Agreement nor constitute Disabling Conduct by reason of such the Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 3 contracts
Samples: Operating Agreement (Seed Equity Properties LLC), Operating Agreement (Seed Equity Properties LLC), Operating Agreement (Seed Equity Properties LLC)
Exculpation. No Covered Person shall be liable to the Company Company, the Members or Representatives or any other Covered 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 Covered Person 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 Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct negligence or willful breach of this Agreementmisconduct.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Alcoa Corp), Limited Liability Company Agreement
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person Member for any loss, damage or claim incurred by reason of any act or omission performed taken or omitted suffered by such Covered Person in good faith on behalf and in the reasonable belief that such act or omission is in or is not contrary to the best interest of the Company and in a manner believed to be is within the scope of authority conferred on granted to such Covered Person by this Agreement; provided, except however, that a Covered Person shall be liable for any such loss, damage act or claim incurred omission is not in violation of this Agreement and does not constitute Disabling Conduct by reason of such the Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 3 contracts
Samples: Operating Agreement (Franklin Covey Co), Operating Agreement (Franklin Covey Co), Operating Agreement (Stratford American Corp)
Exculpation. (a) No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in the good faith on behalf belief that such action was in, or was not opposed to, the best interests of the Company and in a manner believed to be within the scope of authority conferred on such Covered Person by or pursuant to this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.Covered
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Global Decisions Group LLC), Limited Liability Company Agreement (Global Decisions Group LLC)
Exculpation. No Covered Person shall be liable liable, in damages or otherwise, to the Company or any other Covered Person its Members for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of pursuant to authority granted by this Agreement except to the Company and in a manner believed to be within the scope of authority conferred on extent such Covered Person by this Agreement, except that a Covered Person shall be liable fails to meet the standard for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreementindemnification set forth in Section 6.5(a).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Columbia Equity Trust, Inc.), Limited Liability Company Agreement (Columbia Equity Trust, Inc.)
Exculpation. No To the fullest extent permitted by applicable Law, no Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person 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 Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct fraud or willful breach of this Agreementmisconduct.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Nisource Inc.), Limited Liability Company Agreement (Nisource Inc.)
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission Table of Contents performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Auto Disposal of Memphis, Inc.)
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person Member for any loss, damage or claim incurred by reason of any act or omission performed taken or omitted suffered by such Covered Person in good faith on behalf and in the reasonable belief that such act or omission is in or is not contrary to the best interests of the Company and in a manner believed to be is within the scope of authority conferred on granted to such Covered Person by this Agreement; provided, except however, that a Covered Person shall be liable for any such loss, damage act or claim incurred omission is not in violation of this Agreement and does not constitute Disabling Conduct by reason of such the Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 1 contract
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within in, or not opposed to, the scope best interests of authority conferred on such Covered Person by this Agreementthe Company, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 1 contract
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence, willful misconduct negligence or willful breach of this Agreementmisconduct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ects a Scenic Technology Co Inc)
Exculpation. No To the fullest extent permitted by law, no Covered Person shall be liable to the Company or any other Covered Person bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence, willful misconduct negligence or willful breach of this Agreementmisconduct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Kent Financial Services Inc)
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred Member by reason of any act or omission performed or omitted to be performed by such Covered Person in good faith on behalf connection with the business of the Company and Company; provided that such act or omission was taken in a manner good faith, was reasonably believed by such Covered Person to be within the scope of authority conferred on such Covered Person by Person’s authority under this Agreement, except that a Covered Person shall be liable for any such lossand did not constitute fraud, damage bad faith, willful misconduct, willful neglect or claim incurred by reason gross negligence on behalf of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Barrington Quincy LLC)
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person Member for any loss, damage or claim incurred by reason of any act or omission performed taken or omitted suffered by such Covered Person in good faith on behalf and in the reasonable belief that such act or omission is in or is not contrary to the best interest of the Company and in a manner believed to be is within the scope of authority conferred on granted to such Covered Person by this Agreement; provided, except however, that a Covered Person shall be liable for any such loss, damage act or claim incurred omission is not in violation of this Agreement and does not constitute Disabling Conduct by reason of such the Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.. 8.3
Appears in 1 contract
Samples: Operating Agreement
Exculpation. (a) No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.Agreement or
Appears in 1 contract
Samples: Limited Liability Company Agreement
Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence, willful misconduct negligence or willful breach of this Agreementmisconduct, provided nothing herein shall relieve any Covered Person from its obligations under any agreement between the Covered Person and the Company or any agreement between Covered Persons.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Farmstead Telephone Group Inc)
Exculpation. No Covered Person shall be liable liable, in damages or otherwise, to the Company or any other Covered Person its Members for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of pursuant to authority granted by this Agreement except to the Company and in a manner believed to be within the scope of authority conferred on extent such Covered Person by this Agreement, except that a Covered Person shall be liable fails to meet the standard for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreementindemnification set forth in Section 6.12(a).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Columbia Equity Trust, Inc.)
Exculpation. No To the fullest extent permitted by applicable Law, no Covered Person shall be liable or accountable in damages or otherwise to the Company or to any other Covered Person Member for any loss, damage loss or claim incurred by reason of liability arising from any act or omission performed or omitted by of such Covered Person in good faith on behalf of relating to the Company unless, and in a manner believed only to be within the scope of authority conferred on extent that, such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage act or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreementomission constituted fraud .
Appears in 1 contract
Samples: Limited Liability Company Agreement (TCEH Finance, Inc.)
Exculpation. No Covered Person shall be liable to the Company, any Company Subsidiary or any other Covered Person for any loss, damage or claim Loss incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner believed to be or any Company Subsidiary within the scope of authority conferred on such the Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim Loss incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rayven Properties, LLC)
Exculpation. No A Covered Person shall not be liable to the Company or any other Covered Person who has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person 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 Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct negligence or willful breach of this Agreementmisconduct.
Appears in 1 contract
Samples: Limited Liability Company Agreement