Common use of Indemnification of Officers, Employees and Agents Clause in Contracts

Indemnification of Officers, Employees and Agents. To the fullest extent permitted by law, the Company shall indemnify and pay 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 pay and advance expenses to the Member, the Special Member or any Manager under this Article VIII; and the Company shall indemnify and pay and advance expenses to any Person who is or was an officer, employee or agent of the Company and who is or was serving at the request of the Company as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such Person and incurred by such Person in such a capacity or arising out of such Person's status as such to the same extent and subject to the same conditions that the Company may indemnify and pay and advance expenses to the Member, the Special Member or any Manager under this Article VIII.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (PSE&G Transition Funding II LLC), Limited Liability Company Agreement (Florida Power & Light Co), Limited Liability Company Agreement (PSE&G Transition Funding II LLC)

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Indemnification of Officers, Employees and Agents. To The Partnership, by approval of the fullest extent permitted by lawGeneral Partner, the Company shall may indemnify and pay and advance expenses to an officer, employee employee, or agent of the Company Partnership to the same extent and subject to the same conditions under which it may indemnify and pay advance expenses to the General Partner under this Section 7.11; and, the Partnership may indemnify and advance expenses to the Memberpersons who are not or were not general partners, the Special Member officers, employees, or any Manager under this Article VIII; and the Company shall indemnify and pay and advance expenses to any Person who is or was an officer, employee or agent agents of the Company and Partnership but who is are or was were serving at the request of the Company Partnership as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan plan, or other enterprise against any liability asserted against such Person person and incurred by such Person person in such a capacity or arising out of such Person's its status as such a person to the same extent and subject to the same conditions that the Company Partnership may indemnify and pay and advance expenses to the Member, the Special Member or any Manager General Partner under this Article VIIISection 7.11.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Stratus Properties Inc), Limited Partnership Agreement (Stratus Properties Inc)

Indemnification of Officers, Employees and Agents. To the fullest extent permitted by law, the The Company shall indemnify and pay 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 pay and advance expenses to the Member, the Special Member or any Manager Managers under this Article VIII; and the Company shall indemnify and pay and advance expenses to any Person who is not or was an not the Member, a Special Member, a Manager, officer, employee or agent of the Company and but who is or was serving at the request of the Company as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, company or partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such Person and incurred by such Person in such a capacity or arising out of such Person's status as such to the same extent and subject to the same conditions that the Company may indemnify and pay and advance expenses to the Member, the Member or a Special Member or any Manager under this Article VIII.

Appears in 1 contract

Samples: Limited Liability (Pp&l Transition Bond Co Inc)

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Indemnification of Officers, Employees and Agents. To the fullest extent permitted by law, the The ------------------------------------------------- Company shall indemnify and pay 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 pay and advance expenses to the Member, the any Special Member or any Manager Managers under this Article VIII; IX, and the Company shall indemnify and pay and advance expenses to any Person who is or was an officer, employee or agent of the Company and who is or was serving at the request of the Company as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, company or partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such Person and incurred by such Person in such a capacity or arising out of such Person's status as such to the same extent and subject to the same conditions that the Company may indemnify and pay and advance expenses to the Member, the Member or a Special Member or any Manager under this Article VIIIIX.

Appears in 1 contract

Samples: Limited Liability (Reliant Energy Transition Bond Co LLC)

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