Common use of Indemnification of Covered Persons Clause in Contracts

Indemnification of Covered Persons. to the fullest extent possible (i) from applicable insurance policies (including any insurance policies referred to in Section 13.6 (Insurance)), and (ii) from Persons other than the Limited Partners (for example, out of the Fund’s assets or from Portfolio Companies), then (iii) from Remaining Commitments, before finally causing the Fund to make payments pursuant to Section 16.2 (Indemnification of Covered Persons) and before finally requiring the Limited Partners to return distributions to the Fund pursuant to Section 16.3 (Limited Partner Giveback) to the minimum extent necessary to fund such part of any indemnification obligation that remains unfulfilled from other sources. The General Partner shall obtain and maintain prudent insurance policies to mitigate the risk to the Fund of the indemnification obligations of the Fund described in this Article 16 (Exculpation and Indemnification).

Indemnification of Covered Persons. to the fullest extent possible (i) from applicable insurance policies (including any insurance policies referred to in Section 13.6 (Insurance)), and (ii) from Persons other than the Limited Partners (for example, out of the Fund’s assets or from Portfolio Companies), then (iii) from Remaining Commitments, before finally causing the Fund to make payments pursuant to Section 16.2 (Indemnification of Covered Persons) and before finally requiring the Limited Partners to return distributions to the Fund pursuant to Section 16.3 (Limited Partner Giveback) to the the‌ minimum extent necessary to fund such part of any indemnification obligation that remains unfulfilled from other sources. The General Partner shall obtain and maintain prudent insurance policies to mitigate the risk to the Fund of the indemnification obligations of the Fund described in this Article 16 (Exculpation and Indemnification).