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

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Managers, may indemnify and advance or reimburse 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 Managers under this Article; and, the Company may indemnify and advance or reimburse expenses to persons who are not or were not Managers, officers, employees, or agents of the Company but who are or were serving at the request of the Company as a Manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise 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 that it may indemnify and advance expenses to Managers under this Article.

Appears in 2 contracts

Samples: Company Agreement (Green America Recycling, LLC), Company Agreement (Deeproot Growth Runs Deep Fund, LLC)

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Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the ManagersManagers or Members, may indemnify and advance or reimburse 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 Managers and Members under this ArticleArticle VIII; and, the Company may indemnify and advance or reimburse expenses to persons Persons who are not or were not Managers, officers, employees, employees or agents of the Company but who are or were serving at the request of the Company as a Managermanager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a person Person to the same extent that it may indemnify and advance expenses to Managers and Members under this ArticleArticle VIII.

Appears in 1 contract

Samples: Operating Agreement (PetroQuest Energy, L.L.C.)

Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Managers, may indemnify indemnity and advance or reimburse 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 Managers under this ArticleArticle VIII; and, the Company may indemnify and advance or reimburse expenses to persons Persons who are not or were not Managers, officers, employees, employees or agents of the Company but who are or were serving at the request of the Company as a Manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in such a capacity or arising out of his status as such a person Person to the same extent that it may indemnify indemnity and advance expenses to Managers under this ArticleArticle VIII.

Appears in 1 contract

Samples: Operating Agreement (Ashton Houston Residential L.L.C.)

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Indemnification of Officers, Employees and Agents. The Company, by adoption of a resolution of the Managers, may indemnify and advance or reimburse 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 Managers under this Article; and, the Company may indemnify and advance or reimburse expenses to persons who are not or were not Managers, officers, employees, or agents of the Company but who are or were serving at the request of the Company as a Manager, director, officer, partner, venturer, proprietor, trustee, employee, agent agent, or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan plan, or other enterprise 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 that it may indemnify and advance expenses to Managers under this Article.

Appears in 1 contract

Samples: Operating Agreement (GolfSuites 1, Inc.)

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