Indemnification of the General Partner. The Partnership shall indemnify the General Partner against any loss or damage incurred by the General Partner (including legal expenses) by reason of any acts performed or not performed by the General Partner for and on behalf of the Partnership, unless the General Partner was guilty of willful misconduct or gross negligence. The General Partner shall indemnify the Partnership against any damages incurred by reason of the General Partner's willful misconduct or gross negligence. ARTICLE XVII
Appears in 3 contracts
Samples: Partnership Agreement (Sand Creek Communications Co), Partnership Agreement (Sand Creek Communications Co), Partnership Agreement (Sand Creek Communications Co)
Indemnification of the General Partner. The Partnership shall indemnify the General Partner against any loss or damage incurred by the General Partner (including legal expenses) by reason of any acts performed or not performed by the General Partner for and on behalf of the Partnership, unless the General Partner was guilty of willful misconduct or gross negligence. The General Partner shall indemnify the Partnership against any damages incurred by reason of the General Partner's ’s willful misconduct or gross negligence. ARTICLE XVII.
Appears in 1 contract
Samples: Limited Partnership Agreement (Warwick Valley Telephone Co)
Indemnification of the General Partner. The Partnership shall indemnify the General Partner against any loss or damage incurred by the General Partner (including legal expenses) by reason of any acts performed or not performed by the General Partner for and on behalf of the Partnership, unless the General Partner was guilty of willful misconduct or gross negligence. The General Partner shall indemnify the Partnership against any damages and expenses incurred by reason of the General Partner's ’s willful misconduct or gross negligence. ARTICLE XVIIThis Article XVII will survive the dissolution of the Partnership and the withdrawal of the General Partner.
Section 18.1 has been amended, as follows:
Appears in 1 contract
Samples: Agreement Establishing Club 42 Cm Limited Partnership