Common use of Indemnification of Covered Persons Clause in Contracts

Indemnification of Covered Persons. The General Partner is hereby instructed to cause the Partnership to indemnify, hold harmless and release each Covered Person, and authorized to cause the Partnership to indemnify, hold harmless and release any other Person, in each case pursuant to a separate indemnification agreement and on such terms as it may in its absolute discretion deem appropriate. It is the express intention of the parties hereto that (A) the provisions of this Section 10 for the indemnification of Covered Persons may be relied upon by such Covered Persons and may be enforced by such Covered Persons (or by the General Partner on behalf of any such Covered Person, PROVIDED that the General Partner shall not have any obligation to so act for or on behalf of any such Covered Person) against the Partnership and the Partners pursuant to this Agreement or to a separate indemnification agreement, as if such Covered Persons were parties hereto, and (B) notwithstanding the provisions of Section 16.7, the term "gross negligence" shall have the meaning given such term under the laws of the State of Delaware.

Indemnification of Covered Persons. The General Partner is hereby instructed to cause the Partnership to indemnify, hold harmless and release each Covered Person, and authorized to cause the Partnership to indemnify, hold harmless and release any other Person, in each case pursuant to a separate indemnification agreement and on such terms as it may in its absolute discretion deem appropriate. It is the express intention of the parties hereto that (A) the provisions of this Section 10 for the indemnification of Covered Persons may be relied upon by such Covered Persons and may be enforced by such Covered Persons (or by the General Partner on behalf of any such Covered Person, PROVIDED that the General Partner shall not have any obligation to so act for or on behalf of any such Covered Person) against the Partnership and the Partners pursuant to this Agreement or to a separate indemnification agreement, agreement as if such Covered Persons were parties hereto, and (B) notwithstanding the provisions of Section 16.7, the term "gross negligence" shall have the meaning given such term under the laws of the State of Delaware.