Common use of Indemnification of the Managers Clause in Contracts

Indemnification of the Managers. Except as otherwise prohibited by the Act, the Company shall indemnify, defend and hold harmless the Managers against all claims, actions, proceedings, demands, losses, damages, liabilities, costs and expenses (including, without limitation, attorneys’ fees) (together, “Losses”) to the extent the same arise directly or indirectly from the conduct of the business of the Company, except any Losses caused by self-dealing or willful misconduct by the Managers.