Common use of Indemnity and Exculpation Clause in Contracts

Indemnity and Exculpation. The limited liability company shall indemnify and hold harmless its members, managers, employees, officers, and agents to the fullest extent allowed by law for acts or omissions done as part of their duties to or for the LLC. Indemnification shall include all liabilities, expenses, attorney and accountant fees, and other costs reasonably expended. No member shall be liable to the LLC for acts done in good faith.

Indemnity and Exculpation. The limited liability company shall indemnify and hold harmless its members, managers, employees, officers, employees and agents to the fullest extent allowed by law for acts or omissions done as part of their duties to or for the LLCcompany. Indemnification shall include all liabilities, expenses, attorney and accountant fees, and other costs reasonably expended. No member shall be liable to the LLC company for acts done in good faith.