Common use of Indemnification of the Managers Clause in Contracts

Indemnification of the Managers. (a) The Company, its receiver, or its trustee (in the case of its receiver or trustee, to the extent of Company Property) shall indemnify, save harmless, and pay all judgments and claims against any Manager including the Operating Manager relating to any liability or damage incurred by reason of any act performed or omitted to be performed by any Manager, including reasonable attorneys’ fees incurred by the Manager in connection with the defense of any action based on any such act or omission, which attorneys’ fees may be paid as incurred.

Indemnification of the Managers. (a) The Company, its receiver, or its trustee (in the case of its receiver or trustee, to the extent of Company Property) shall indemnify, save harmless, and pay all judgments and claims against any Manager including the Operating Manager relating to any liability or damage incurred by reason of any act performed or omitted to be performed by any Manager, including reasonable attorneys’ ' fees incurred by the Manager in connection with the defense of any action based on any such act or omission, which attorneys’ ' fees may be paid as incurred.

Indemnification of the Managers. (a) The Company, its receiver, or its trustee (in the case of its receiver or trustee, to the extent of Company Property) shall indemnify, save harmless, and pay all judgments and claims against any Manager including the Operating Manager relating to any liability or damage incurred by reason of any act performed or omitted to be performed by any ManagerManager in connection with the Business, including reasonable attorneys’ ' fees incurred by the Manager in connection with the defense of any action based on any such act or omission, which attorneys’ ' fees may be paid as incurred.