Common use of Indemnification of General Partner Clause in Contracts

Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s fees) arising out of any act or failure to act by the General Partner, specifically excluding its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Tandy Holdings, Inc.), Limited Partnership Agreement (Tandy Holdings, Inc.), Limited Partnership Agreement (Tandy Holdings, Inc.)

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Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys’ fees) arising out of any act or failure to act by the General Partner, specifically excluding including its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Barnett Shale Operating LLC), Limited Partnership Agreement (Barnett Shale Operating LLC)

Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys' fees) arising out of any act or failure to act by the General Partner, specifically excluding including its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.. CONTRACTS WITH AFFILIATES

Appears in 1 contract

Samples: Limited Partnership Agreement (Meritage Corp)

Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost loss or expense (expense, including without limitation reasonable attorney’s attorneys’ fees) arising out , litigation costs, settlement amounts and judgments, it may incur by reason of any act or failure to act omission in connection with the management and operation of the Partnership and its business, unless the liability, loss or expense is caused by the willful misconduct, bad faith or gross negligence of the General PartnerPartner or its directors, specifically excluding its soleofficers, partial, employees or concurrent negligence, to agents. The indemnity contained in this Section 6.2 shall not be recoverable from the greatest extent permitted under the ActLimited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Clear Channel Identity, Inc.)

Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, agents and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys' fees) arising out of any act or failure to act by the General Partner, specifically excluding including its sole, partial, partial or concurrent negligence, negligence to the greatest extent permitted under the Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (Midland Resources Inc /Tx/)

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Indemnification of General Partner. The Partnership shall indemnify ----------------------------------- and hold harmless the General Partner and its officersPartner, directors, agents, and representatives from and against any loss, damage, liability, cost expense or expense liability (including but not limited to reasonable attorney’s attorneys fees) arising out incurred by such General Partner in connection with, or by reason of, its activities as General Partner of the Partnership. Such duty to indemnify shall be limited to assets of the Partnership, and shall not extend to acts of gross negligence or willful misconduct of any act or failure to act by the General Partner, specifically excluding its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (Central Bancorp Inc /Ma/)

Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, sharehold ers, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys' fees) arising out of any act or failure to act by the General PartnerPartner in carrying out its duties under this Agreement, specifically excluding including its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 1 contract

Samples: Partnership Agreement (Quinlan Jim Chevrolet Co)

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