Common use of Liability of Indemnitees Clause in Contracts

Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership or the Partners or their respective successors and assigns for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the Indemnitee acted in good faith, unless such Indemnitee’s actions constituted gross negligence, wilful misconduct or fraud. (b) Each of the General Partners may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby), and none of the General Partners shall be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners in good faith.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership or the Partners or their respective successors and assigns for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the Indemnitee acted in good faith, unless such Indemnitee’s actions constituted gross negligence, wilful misconduct or fraud. (b) Each of the The General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby), and none of the General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners Partner in good faith.

Appears in 1 contract

Samples: Limited Partnership Agreement (Abitibi Consolidated Inc)

Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership Partnership, the Limited Partner, or any other Persons who have acquired interests in the Partners or their respective successors and assigns Partnership, for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the omission if such Indemnitee acted in good faith, unless such Indemnitee’s actions constituted gross negligence, wilful misconduct or fraud. . (b) Each of Subject to its obligations and duties as General Partner set forth in Section 6.1 (a), the General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby)agents, and none of the General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners Partner in good faith.

Appears in 1 contract

Samples: Third Amended and Restated Agreement of Limited Partnership

Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership Partnership, the Limited Partner, or any other Persons who have acquired interests in the Partners or their respective successors and assigns Partnerships, for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the omission if such Indemnitee acted in good faith, unless such Indemnitee’s actions constituted gross negligence, wilful misconduct or fraud. (b) Each of Subject to its obligations and duties as General Partner set forth in Section 6.1(a), the General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby)agents, and none of the General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners Partner in good faith.

Appears in 1 contract

Samples: Limited Partnership Agreement (Teppco Partners Lp)

Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership or the Partners or their respective successors and assigns for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the Indemnitee acted in good faith, unless such Indemnitee’s 's actions constituted gross negligence, wilful misconduct or fraud. (b) Each of the The General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby), and none of the General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners Partner in good faith.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cinram International Income Fund)

Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership, the Limited Partners, the Assignees or any other Persons who have acquired interests in the Partnership or the Partners or their respective successors and assigns Securities, for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the omission if such Indemnitee acted in good faith, unless such Indemnitee’s actions constituted gross negligence, wilful misconduct or fraud. . (b) Each of Subject to its obligations and duties as General Partner set forth in Section 7.1(a), the General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby)agents, and none of the General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners Partner in good faith.

Appears in 1 contract

Samples: Limited Partnership Agreement (U S Timberlands Co Lp)

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Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership or the Limited Partners or their respective successors and assigns for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the omission if such Indemnitee acted in good faith, unless such Indemnitee’s actions constituted gross negligencein a manner which the Indemnitee believed to be in, wilful misconduct or fraudnot opposed to, the best interests of the Partnership. (b) Each of the The General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated herebyin Section 7.2(k)), and none of the General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners Partner in good faith.

Appears in 1 contract

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

Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the Partnership, the Limited Partners, the Assignees or any other Persons who have acquired interests in Partnership or the Partners or their respective successors and assigns Securities, for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the omission if such Indemnitee acted in good faith, unless such Indemnitee’s actions constituted gross negligence, wilful misconduct or fraud. . (b) Each of Subject to its obligations and duties as General Partner set forth in Section ‎7.1(a), the General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby)agents, and none of the General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent appointed by any of the General Partners Partner in good faith.. 56

Appears in 1 contract

Samples: Limited Partnership Agreement

Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, no No Indemnitee shall be liable for monetary damages to the Partnership partnership or the Partners or their respective successors and assigns any other Partner for losses sustained or liabilities incurred as a result of any error of judgment or any act or omission, provided the omission if such Indemnitee acted in good faithfaith and in a manner reasonably believed by the Indemnitee to be in, unless such Indemnitee’s actions constituted or not opposed to, the best interests of the partnership, or for errors of judgment, neglect or omission; provided, however, that an Indemnitee shall be liable for its willful misconduct or gross negligence, wilful misconduct or fraud. (b) Each of the Any Managing General Partners Partner may exercise any of the powers or authority granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents (as contemplated hereby)or representatives, and none of the a Managing General Partners Partner shall not be responsible for any misconduct or negligence on the part of any such agent or representative appointed by any of the Managing General Partners Partner in good faith.

Appears in 1 contract

Samples: Limited Partnership Agreement (Energius Management LLC)

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