INDEMNIFICATION OF THE INVESTMENT MANAGER. The Company confirms that in performing services hereunder the Investment Manager (including its directors, officers and employees) will be an agent of the Company for the purpose of the indemnification provisions of the Company's Declaration of Trust, as amended, and Bylaws, subject, however, to the same limitations as though the Investment Manager were a director or officer of the Company. The Investment Manager shall not be liable to the Company, its shareholders or its creditors except for violations of law or for conduct which would preclude the Investment Manager from being indemnified under such provisions.
Appears in 7 contracts
Samples: Investment Management Agreement (PMC Capital Inc), Investment Management Agreement (PMC Commercial Trust /Tx), Investment Management Agreement (PMC Commercial Trust /Tx)
