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 (Wmeco 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)

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 Covered Person and shall inure to the benefit of the heirs, executors and administrators of such a personCovered Person.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (BEC Funding II, LLC), Limited Liability Company Agreement (BEC Funding II, LLC)

Heirs, Executors, and Administrators. The indemnification and advancement of expenses Expenses provided by, or granted pursuant to, this Article IX 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 an agent of the Company and shall inure to the benefit of the such Person's heirs, executors and administrators of such a personadministrators.

Appears in 2 contracts

Samples: Operating Agreement (Performance Capital Management LLC), Operating Agreement (Performance Capital Management LLC)

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Heirs, Executors, and Administrators. The indemnification and advancement of expenses Expenses provided by, or granted pursuant to, this Article XII 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 an agent of the Company and shall inure to the benefit of the such Person’s heirs, executors and administrators of such a personadministrators.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Akorn Inc)

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