Indemnification of the Partnership and the Limited Partners. (a) The General Partners will indemnify and hold the Partnership and the Limited Partners harmless from and against any and all losses, damages and liabilities which the Partnership or any Limited Partner may incur by reason of the (a) past, present or future actions or omissions of the General Partner or any of their Affiliates, or (b) any liabilities to which either the Partnership or the Apartment Complex is subject; provided, however, that the foregoing indemnification shall not apply to (i) any Mortgage or (ii) necessary contractual obligations incurred pursuant to FmHA requirements in connection with the operation of the Apartment Complex in the ordinary course of business.
Appears in 5 contracts
Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Certificate and Agreement (Boston Capital Tax Credit Fund Iv Lp)
