Common use of Heirs, Executors, and Administrators Clause in Contracts

Heirs, Executors, and Administrators. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a manager, director, office, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (PSNH Funding LLC 3), Limited Liability Company Agreement (PSNH Funding LLC 3), Limited Liability Company Agreement (Cl&p Funding LLC)

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Heirs, Executors, and Administrators. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article shall, unless otherwise provided when authorized or ratified, continue as to a person Person who has ceased to be a manager, director, office, employee or agent Covered Person and shall inure to the benefit of the heirs, executors and administrators of such a personCovered Person.

Appears in 8 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013)

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Heirs, Executors, and Administrators. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article section shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a manager, director, office, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Comed Funding LLC), Limited Liability Company Agreement (Illinois Power Securitization Limited Liability Co), Limited Liability Company Agreement (Illinois Power Securitization Limited Liability Co)

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