Common use of Indemnification of Employees and Agents Clause in Contracts

Indemnification of Employees and Agents. The Company, upon the direction of the Member, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses under Sections 8.5 and 8.6. Notwithstanding the foregoing, no such indemnity shall extend to any employee or agent to the extent that any Proceeding or judgment, penalty, fine, settlement or expenses result from Improper Conduct on the part of such employee or agent.

Appears in 11 contracts

Samples: Operating Agreement (Atlas Energy Tennessee, LLC), Limited Liability Company Agreement (Atlas Energy Tennessee, LLC), Limited Liability Company Agreement (Atlas Energy Tennessee, LLC)

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Indemnification of Employees and Agents. The Company, upon the direction of the MemberBoard of Directors, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses under Sections 8.5 9.3 and 8.69.4. Notwithstanding the foregoing, no such indemnity shall extend to any employee or agent to the extent that any Proceeding or judgment, penalty, fine, settlement or expenses result from Improper Conduct on the part of such employee or agent.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement, Operating Agreement (Bats Global Markets, Inc.), Operating Agreement

Indemnification of Employees and Agents. The Company, upon the direction of the Member, may Company shall indemnify and advance expenses to an officer, employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to an Indemnified Person under Sections 8.5 Section 5.8.1 and 8.6. Notwithstanding the foregoing, no such indemnity shall extend to any employee or agent to the extent that any Proceeding or judgment, penalty, fine, settlement or expenses result from Improper Conduct on the part of such employee or agentSection 5.8.2.

Appears in 2 contracts

Samples: Merger Agreement (Gramercy Property Trust Inc.), Merger Agreement (Chambers Street Properties)

Indemnification of Employees and Agents. The Company, upon the direction of the MemberBoard, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses under Sections 8.5 and 8.6. Notwithstanding the foregoing, no such indemnity shall extend to any employee or agent to the extent that any Proceeding or judgment, penalty, fine, settlement or expenses result from Improper Conduct on the part of such employee or agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Atlas Energy Resources, LLC)

Indemnification of Employees and Agents. The Company, upon the direction of the Member, Company may indemnify and advance expenses to any Person, as determined by the Members, by reason of the fact that such Person was an employee or agent of the Company or is or was serving at the request of the Company as an officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another Person against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a Person to the same extent and subject to the same conditions under which that it may shall indemnify and advance expenses to Members under Sections 8.5 and 8.6. Notwithstanding the foregoing, no such indemnity shall extend to any employee or agent to the extent that any Proceeding or judgment, penalty, fine, settlement or expenses result from Improper Conduct on the part of such employee or agentthis Article IX.

Appears in 1 contract

Samples: Limited Liability Company Agreement (F45 Training Holdings Inc.)

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Indemnification of Employees and Agents. The Company, upon the direction of the MemberMembers, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses under Sections 8.5 8.4 and 8.68.5. Notwithstanding the foregoing, no such indemnity shall extend to any employee or agent to the extent that any Proceeding or judgment, penalty, fine, settlement or expenses result from Improper Conduct on the part of such employee or agent.

Appears in 1 contract

Samples: Limited Liability Company Agreement (LEAF Equipment Finance Fund 4, L.P.)

Indemnification of Employees and Agents. The Company, upon the direction of the MemberBoard of Directors, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses under Sections 8.5 8.3 and 8.68.4. Notwithstanding the foregoing, no such indemnity shall extend to any employee or agent to the extent that any Proceeding proceeding or judgment, penalty, fine, settlement or expenses result from Improper Conduct on the part of such employee or agent.

Appears in 1 contract

Samples: Operating Agreement (HFF, Inc.)

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