Exoneration and Indemnification. Section 4.2 of the Operating Agreement limits the liability of the Manager and its officers and agents. Article X of the Operating Agreement provides rights of indemnification out of the assets of the Fund for the Members and the Manager, and allows the Manager to extend such rights to officers, directors, employees and agents of the Fund and the Manager.
Exoneration and Indemnification. Except as the Court may otherwise determine in the interests of equity, upon approval of all beneficiaries the Trust may exonerate and indemnify any individual Trustee, without limit and for all purposes, and without exception for any reason, as follows:
Exoneration and Indemnification. Landlord will exonerate, ------------------------------------------- indemnify, defend, save and hold harmless Tenant (and any and all Persons claiming by, through or under Tenant, from and against all claims, damages, proceedings, defenses thereof, liabilities, costs, and expenses of any kind and nature, including reasonable legal fees, arising from: (a) any breach of this Lease by Landlord (but not any breach by a prior landlord) and/or (b) any act, wrongful omission or negligence of Landlord (but not any act, omission or negligence of any prior landlord). Under no circumstances shall Landlord be responsible to Tenant or any other Person for the acts or omissions of any tenant of Landlord's Property or any Invitee of any tenant. This exoneration, indemnification and hold harmless agreement shall survive the termination of this Lease. Under no circumstances shall any landlord have any liability or obligation under this Section for (i) any breach of this Lease by any predecessor or (ii) any act, omission or negligence of any predecessor.
Exoneration and Indemnification. The Liquidator shall have the same limitations on liability and rights to indemnification as a Manager pursuant to Article 7 of this Agreement.
Exoneration and Indemnification
