Indemnification of the General Partners. (a) No General Partner nor any Affiliate thereof shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership which arises out of any action or inaction of any General Partner or Affiliate thereof if such General Partner or Affiliate thereof in good faith determined that such course of conduct was in the best interest of the Partnership and such course of conduct did not constitute negligence or misconduct of such General Partner or Affiliate thereof.
Appears in 15 contracts
Samples: Certificate and Agreement (Boston Capital Tax Credit Fund Iv Lp), Management Incentive Agreement (Boston Capital Tax Credit Fund Iv Lp), Boston Capital Tax Credit Fund Iv Lp
Indemnification of the General Partners. (a) No General Partner nor any Affiliate thereof shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership Part- nership which arises out of any action or inaction of any General Partner or Affiliate thereof if such General Partner or Affiliate thereof in good faith determined that such course of conduct was in the best interest of the Partnership Part- nership and such course of conduct did not constitute negligence or misconduct of such General Partner or Affiliate thereof.
Appears in 4 contracts
Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp)
Indemnification of the General Partners. (a) No Neither the General Partner Partners nor any Affiliate thereof of their Affiliates shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership which arises out of any action or inaction of any the General Partner Partners or Affiliate thereof their Affiliates if such the General Partner Partners or Affiliate thereof their Affiliates in good faith determined that such course of conduct was in the best interest of the Partnership and such course of conduct did not constitute negligence or misconduct of such the General Partner Partners or Affiliate thereoftheir Affiliates.
Appears in 3 contracts
Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp
Indemnification of the General Partners. (a) No General Partner nor any Affiliate thereof shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership Part- nership which arises out of any action or inaction of any General Partner or Affiliate thereof if such General Partner or Affiliate thereof in good faith determined that such course of conduct was in the best interest of the Partnership and such course of conduct did not constitute negligence or misconduct of such General Partner or Affiliate thereof.
Appears in 2 contracts
Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Boston Capital Tax Credit Fund Iv Lp
Indemnification of the General Partners. (a) No General Partner nor any Affiliate thereof shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership which arises out of any action or inaction of any General Partner or Affiliate thereof if such General Partner or Affiliate thereof in good faith determined that such course of conduct was in the best interest of the Partnership and such course of conduct did not constitute gross negligence or willful misconduct of such General Partner or Affiliate thereof.
Appears in 1 contract
Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp)
Indemnification of the General Partners. (a) No General Partner nor any Affiliate thereof shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership which arises out of any action or inaction of any General Partner or Affiliate thereof if such General Partner or Affiliate thereof in good faith determined that such course of conduct was in the best interest of the Partnership and such course of conduct did not constitute gross negligence or misconduct of such General Partner or Affiliate thereof.
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Indemnification of the General Partners. (a) No General Partner nor any Affiliate thereof shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership which arises out of any action or inaction of any General Partner or Affiliate thereof if such General Partner or Affiliate thereof in good faith determined that such course of conduct was in the best interest of the Partnership and such course of conduct did not constitute negligence or misconduct of such General Partner or Affiliate Affiliates thereof.
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp
Indemnification of the General Partners. (a) No General Partner nor any Affiliate thereof shall have liability to the Partnership or to any Limited Partner for any loss suffered by the Partnership which arises out of any action or inaction of any General Partner or Affiliate thereof if such General Partner or Affiliate thereof in good faith determined that such course of conduct was in the best interest interests of the Partnership and such course of conduct did not constitute negligence or misconduct of such General Partner or Affiliate thereof.
Appears in 1 contract
Samples: Boston Capital Tax Credit Fund Iv Lp