Indemnity of the Manager, Officers, Employees and Other Agents Sample Clauses

Indemnity of the Manager, Officers, Employees and Other Agents. To the fullest extent permitted by the Act, the Company shall indemnify each Manager and make advances for expenses to such Manager arising from any loss, cost, expense, damage, claim (whether fixed or contingent) or demand, in connection with the Company, the Manager’s status as a Manager of the Company, such Manager’s participation in the management, business and affairs of the Company or such Manager’s activities on behalf of the Company, except to the extent any such loss, cost, expense, damage, claim or demand is a result of a Cause Act of the Manager. To the fullest extent permitted by the Act, the Company shall also indemnify its Officers, employees and other agents who are not Managers arising from any loss, cost, expense, damage, claim (whether fixed or contingent) or demand in connection with the Company, any such Person’s participation in the business and affairs of the Company or such Person’s activities on behalf of the Company, except to the extent any such loss, cost, expense, damage, claim or demand is the result of a Cause Act of such Person.
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Indemnity of the Manager, Officers, Employees and Other Agents. To ---------------------------------------------------------------- the maximum extent permitted under the Act, the Company shall indemnify the Managers and officers of the Company for all costs, losses, liabilities and damages paid or incurred by such Managers or officers in their capacity as such in connection with the business of the Company. The Company shall indemnify its employees and agents who are not Managers or officers of the Company to the fullest extent permitted by law, provided that the indemnification in any given situation is approved by the Board.
Sample 1

Related to Indemnity of the Manager, Officers, Employees and Other Agents

  • Executive and Other Committees The Trustees by vote of a majority of all the Trustees may elect from their own number an Executive Committee to consist of not less than two members to hold office at the pleasure of the Trustees, which shall have the power to conduct the current and ordinary business of the Trust while the Trustees are not in session, including the purchase and sale of securities and the designation of securities to be delivered upon redemption of Shares of the Trust or a Series thereof, and such other powers of the Trustees as the Trustees may delegate to them, from time to time, except those powers which by law, the Declaration of Trust or these By-Laws they are prohibited from delegating. The Trustees may also elect from their own number other Committees from time to time; the number composing such Committees, the powers conferred upon the same (subject to the same limitations as with respect to the Executive Committee) and the term of membership on such Committees to be determined by the Trustees. The Trustees may designate a Chairman of any such Committee. In the absence of such designation the Committee may elect its own Chairman.

  • Limitations on Liability of the Master Servicer and Others Subject to the obligation of the Master Servicer to indemnify the Indemnified Persons pursuant to Section 7.03:

  • LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund.

  • Responsibility of Dual Directors, Officers and/or Employees If any person who is a manager, partner, officer or employee of the Adviser or the Administrator is or becomes a director, officer and/or employee of the Company and acts as such in any business of the Company, then such manager, partner, officer and/or employee of the Adviser or the Administrator shall be deemed to be acting in such capacity solely for the Company, and not as a manager, partner, officer or employee of the Adviser or the Administrator or under the control or direction of the Adviser or the Administrator, even if paid by the Adviser or the Administrator.

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