Liability Exculpation and Indemnification. Liability. Except as otherwise provided by the Act, all debts, obligations and liabilities of the Company (including, without limitation, under a judgment, decree or order of a court), whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Covered Person shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Covered Person. Exculpation. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.
Liability Exculpation and Indemnification. 5 5.1 Liability ........................................................ 5 5.2 Exculpation ...................................................... 5 5.3 Indemnification .................................................. 6 5.4 Expenses ......................................................... 6 5.5 Severability ..................................................... 6 5.6
Liability Exculpation and Indemnification. Section 11.1 Liability.................................. 27 Section 11.2 Exculpation................................ 27 Section 11.3
Liability Exculpation and Indemnification. Section 9.1 Liability. 14 Section 9.2 Exculpation. 14 Section 9.3 Fiduciary Duty. 14 Section 9.4 Indemnification. 14 Section 9.5 Expenses. 14 Section 9.6 Severability. 15 ARTICLE X
Liability Exculpation and Indemnification. (a) No Covered Person shall be liable to the Company, the Partnership or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company or the Partnership and in a manner reasonably believed by the Covered Person to be within the scope of authority conferred on such Covered Person by the Act or this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person's gross negligence or willful misconduct.
Liability Exculpation and Indemnification. 24 12.1 LIABILITY............................................................................................24 12.2 EXCULPATION..........................................................................................24 12.3 INDEMNIFICATION......................................................................................25 SECTION 13.......................................................................................................27 TRANSFER OF UNITS; WITHDRAWAL,...................................................................................27
Liability Exculpation and Indemnification. 4.1 Liability 9 4.2 Exculpation 10
Liability Exculpation and Indemnification. 4.1 Liability 10 4.2 Exculpation 11 4.3 Indemnification 11 4.4 Agreements for Covered Persons 13
Liability Exculpation and Indemnification. 25 12.1 LIABILITY............................................................................................25 12.2 EXCULPATION..........................................................................................25 12.3 INDEMNIFICATION......................................................................................27 SECTION 13.......................................................................................................28 TRANSFER OF PERCENTAGE INTERESTS; WITHDRAWAL,....................................................................28
Liability Exculpation and Indemnification. Section J.1 Liabilities. Except as otherwise provided by the Utah Act, the debts, obligations and liabilities of BMG, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of BMG, and no Covered Person shall be obligated personally for any such debt, obligation or liability of BMG solely by reason of being a Covered Person.
