Interest Holders. In case any holder of Fund interests or former holder of Fund interests shall be held to be personally liable solely by reason of his or her being or having been a holder of Fund interests and not because of his or her acts or omissions or for some other reason, the holder of Fund interests or former holder of Fund interests (or his or her heirs, executors, administrators or other legal representative or, in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular series of which he or she is or was a holder.
Appears in 5 contracts
Samples: Operating Agreement (Jnlny Variable Fund Ii LLC), Operating Agreement (JNL Variable Fund v LLC), Operating Agreement (JNL Variable Fund Iii LLC)
