Indemnification Not Exclusive; Definitions. The right of indemnification hereby provided shall not be exclusive of or affect any other rights to which any such Covered Person may be entitled. As used in this Article, the term "Covered Person" shall include such person's heirs, executors and administrators, and a "disinterested person" is a person against whom none of the actions, suits or other proceedings in question or another action, suit or other proceeding on the same or similar grounds is then or has been pending. Nothing contained in this Article shall affect any rights to indemnification to which personnel of the Fund, other than members of the Board and officers, and other persons may be entitled by contract or otherwise under law, not the power of the Fund to purchase and maintain liability insurance on behalf of such persons.
Appears in 21 contracts
Samples: Operating Agreement (JNL Variable Fund LLC), Operating Agreement (JNL Variable Fund Iii LLC), Operating Agreement (JNL Variable Fund v LLC)
Indemnification Not Exclusive; Definitions. The right of indemnification hereby provided shall not be exclusive of or affect any other rights to which any such Covered Person may be entitled. As used in this Article, the term "“Covered Person" ” shall include such person's ’s heirs, executors and administrators, and a "“disinterested person" ” is a person against whom none of the actions, suits or other proceedings in question or another action, suit or other proceeding on the same or similar grounds is then or has been pending. Nothing contained in this Article shall affect any rights to indemnification to which personnel of the Fund, other than members of the Board and officers, and other persons may be entitled by contract or otherwise under law, not the power of the Fund to purchase and maintain liability insurance on behalf of such persons.
Appears in 2 contracts
Samples: Operating Agreement (JNL Variable Fund LLC), Operating Agreement (JNL Variable Fund LLC)
Indemnification Not Exclusive; Definitions. The right of indemnification hereby provided shall not be exclusive of or affect any other rights to which any such Covered Person may be entitled. As used in this Article, the term "Covered Person" shall include such person's heirs, executors and administrators, and a "disinterested person" is a person against whom none of the actions, suits or other proceedings in question or another action, suit or other proceeding on the same or similar grounds is then or has been pending. Nothing contained in this Article shall affect any rights to indemnification to which personnel of the Fund, other than members of the Board and officers, and other persons may be entitled by contract or otherwise under law, not nor the power of the Fund to purchase and maintain liability insurance on behalf of such persons.
Appears in 1 contract
Samples: Operating Agreement (JNL Strategic Income Fund LLC)
Indemnification Not Exclusive; Definitions. The right of indemnification hereby provided shall not be exclusive of or affect any other rights to which any such Covered Person may be entitled. As used in this Article, the term "“Covered Person" ” shall include such person's heirs, executors and administrators, and a "“disinterested person" ” is a person against whom none of the actions, suits or other proceedings in question or another action, suit or other proceeding on the same or similar grounds is then or has been pending. Nothing contained in this Article shall affect any rights to indemnification to which personnel of the Fund, other than members of the Board and officers, and other persons may be entitled by contract or otherwise under law, not nor the power of the Fund to purchase and maintain liability insurance on behalf of such persons.
Appears in 1 contract
Samples: Operating Agreement (JNL Strategic Income Fund LLC)