Common use of Indemnity of Limited Partners Clause in Contracts

Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each Limited Partner (including former Limited Partners) for all costs, expenses, damages or liabilities suffered or incurred by the Limited Partner if the limited liability of that Limited Partner is lost for or by reason of the negligence of the General Partner in performing its duties and obligations under this Agreement.

Appears in 10 contracts

Samples: Limited Partnership Agreement (Restaurant Brands International Inc.), Limited Partnership Agreement (Telesat Corp), Limited Partnership Agreement (Telesat Partnership LP)

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Indemnity of Limited Partners. The Subject to Section 7.6, the General Partner will indemnify and hold harmless each Limited Partner (including former Limited Partners) for all costs, expenses, any costs or damages or liabilities suffered or incurred by the Limited Partner if his liability is not limited in the manner provided for in this Agreement or in the Act or other applicable laws other than any lack of limited liability caused by any act or omission of that such Limited Partner, including breach by such Limited Partner is lost for or by reason of the negligence of the General Partner in performing its duties and obligations any requirement imposed under this AgreementSection 2.12.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each the Limited Partner (including former Limited Partners) Partners for all costs, expenses, damages or liabilities suffered or incurred by the Limited Partner Partners if the limited liability of that the Limited Partner Partners is lost for or by reason of the negligence of the General Partner in performing its duties and obligations under hereunder provided that the General Partner will not indemnify a Limited Partner for the Limited Partner’s own actions which are in contravention of the Act or this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (EquityLine Capital (DELAWARE) LP), Limited Partnership Agreement (EquityLine Capital LLC)

Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each Limited Partner (including former Limited Partners) for all costs, expenses, damages or liabilities suffered or incurred by the Limited Partner if the limited liability of that such Limited Partner is lost for or by reason of the negligence of the General Partner in performing its duties and obligations under this Agreementhereunder.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Atlantic Oklahoma Wind, LLC), Limited Partnership Agreement

Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each Limited Partner (including former Limited Partners) for all from any costs, expensesdamages, damages liabilities or liabilities expenses suffered or incurred by the such Limited Partner if because the limited liability of that such Limited Partner is lost for not limited in the manner provided in Section 3.5 unless the liability of such Limited Partner is not so limited as a result of, or by reason arising out of, any act or omission of the negligence of the General Partner in performing its duties and obligations under this Agreementsuch Limited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each Limited Partner (including former Limited Partners) for all costs, expenses, any costs or damages or liabilities suffered or incurred by the Limited Partner if his liability is not limited in the manner provided for in this Agreement, other than any lack of limited liability caused by any act or omission of that any Limited Partner is lost for or by reason of the negligence of the General Partner in performing its duties and obligations under this AgreementPartner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hyperstealth Biotechnology Corp)

Indemnity of Limited Partners. The General Partner will shall indemnify and hold harmless each Limited Partner (including former Limited Partners) for all from any costs, expensesdamages, damages liabilities, expenses or liabilities losses suffered or incurred by the such Limited Partner if because the limited liability of that such Limited Partner is lost for not limited in the manner provided in section 2.10 unless the liability of such Limited Partner is not so limited as a result of or by reason arising out of the negligence any act or omission of the General Partner in performing its duties and obligations under this Agreementsuch Limited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each present and former Limited Partner (including former Limited Partners) for against all losses, costs, expenses, or damages or liabilities suffered or incurred by the Limited Partner if the limited liability of resulting to that Limited Partner from the loss of limited liability, except to the extent the loss of limited liability is lost for caused by an act or by reason omission of the negligence Limited Partner. Indemnity of the General Partner in performing its duties and obligations under this Agreement.Partnership

Appears in 1 contract

Samples: Limited Partnership Agreement (Dynamotive Energy Systems Corp)

Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each Limited Partner (including former Limited Partners) for from all costs, expensesdamages, damages or liabilities liabilities, expenses and losses suffered or incurred by the Limited Partner if by reason that the limited liability of that the Limited Partner is lost for not limited in the manner provided in §3.10 otherwise than as a result of or by reason arising out of any act or omission of the negligence of the General Partner in performing its duties and obligations under this AgreementLimited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

Indemnity of Limited Partners. The General Partner will shall indemnify and hold harmless each Limited Partner (including former Limited Partners) for all from any costs, expensesdamages, damages liabilities or liabilities expenses suffered or incurred by the such Limited Partner if in any case where the limited liability of that such Limited Partner is lost for not limited in the manner provided in Section 2.11 unless the liability of such Limited Partner is not so limited as a result of, or by reason arising out of, any act or omission of the negligence of the General Partner in performing its duties and obligations under this Agreementsuch Limited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

Indemnity of Limited Partners. The General Partner will indemnify and hold harmless each Limited Partner (including former Limited Partners) for all costsfrom any cost, expensesdamage, damages liability or liabilities expense suffered or incurred by the such Limited Partner if the limited liability of that such Limited Partner is lost for or not limited in the manner provided in Section 2.7, unless the liability of such Limited Partner is not so limited by reason of the negligence any act or omission of the General Partner in performing its duties and obligations under this Agreementsuch Limited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

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