Common use of Indemnification of the Manager Clause in Contracts

Indemnification of the Manager. Subject to the restrictions of Section 4.7, the Manager will be indemnified by the Company against any losses, judgments, liabilities, expenses, and amounts paid in settlement of any claims sustained against the Company or against the Manager in connection with the Company, provided that the same were not the result of gross negligence or willful misconduct on the part of the Manager. The satisfaction of any indemnification and any saving harmless will be from, and limited to, Company assets, and the Members will not have any personal liability on account thereof.

Indemnification of the Manager. Subject to the restrictions of Section 4.7, the Company will indemnify the Manager will be indemnified by the Company against any losses, judgments, liabilities, expenses, and amounts paid in settlement of any claims sustained brought against the Company or against the Manager in connection with the Company, provided as long as the Manager’s conduct was in good faith and the Manager reasonably believed that his or her conduct was in the same were not the result of gross negligence or willful misconduct on the part best interests of the ManagerCompany. The satisfaction of any indemnification and any saving harmless will be from, and limited to, Company assets, and the Members will not have any personal liability on account thereofof any such indemnification.