Common use of Expense Reimbursement; Indemnification Clause in Contracts

Expense Reimbursement; Indemnification. Except as otherwise provided in this Agreement, upon compliance with such policies and procedures as the Company may from time to time adopt, the Members and the Managing Directors will be reimbursed by the Company for all reasonable expenses incurred on behalf of the Company in connection with its business. The Company will indemnify its Managing Directors against liability incurred in any proceeding in which such Managing Director is made a party because he or she is or was a manager of the Company to the maximum extent permitted by the Act.

Appears in 4 contracts

Samples: Operating Agreement (Media One Group Inc), Operating Agreement (Microsoft Corp), Operating Agreement (Tele Communications Inc /Co/)

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