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.
Appears in 26 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
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) claim, 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 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.
Appears in 1 contract
Samples: Operating Agreement