Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement or the MLP Agreement, no Indemnitee shall be liable for monetary damages to the Company, the Sole Member or any other Persons who are bound by this Agreement, for losses sustained or liabilities incurred as a result of any act or omission if such Indemnitee acted in good faith. (b) Any amendment, modification or repeal of this Section 5.10 shall be prospective only and shall not in any way affect the limitations on the liability of the Indemnitees under this Section 5.10 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (BreitBurn Energy Partners L.P.), Limited Liability Company Agreement (BreitBurn Energy Partners L.P.), Limited Liability Company Agreement (BreitBurn Energy Partners L.P.)
Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement or the MLP Agreement, no Indemnitee shall be liable for monetary damages to the Company, the Sole Member AHD or any other Persons who are bound by this Agreementhave acquired interests in AHD, for losses sustained or liabilities incurred as a result of any act or omission if such Indemnitee acted in good faith.
(b) Any amendment, modification or repeal of this Section 5.10 shall be prospective only and shall not in any way affect the limitations on the liability of the Indemnitees under this Section 5.10 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Atlas Energy, L.P.), Limited Liability Company Agreement (Atlas Pipeline Holdings, L.P.)
Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement or the MLP Agreement, no Indemnitee shall be liable for monetary damages to the Company, the Sole Member or any other Persons who are bound by this Agreementhave acquired interests in the MLP, for losses sustained or liabilities incurred as a result of any act or omission if such Indemnitee acted in good faith.
(b) Any amendment, modification or repeal of this Section 5.10 5.11 shall be prospective only and shall not in any way affect the limitations on the liability of the Indemnitees under this Section 5.10 5.11 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP)
Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement, the MLP General Partner Agreement or the MLP Partnership Agreement, no Indemnitee shall be liable for monetary damages to the Company, the Sole Member or any other Persons who are bound by this Agreement, Affiliate of either of them for losses sustained or liabilities incurred as a result of any act or omission if such Indemnitee acted in good faith.
(b) Any amendment, modification or repeal of this Section 5.10 5.11 shall be prospective only and shall not in any way affect the limitations on the liability of the Indemnitees under this Section 5.10 5.11 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.
Appears in 1 contract
Samples: Limited Liability Company Agreement (EXCO Partners, LP)
Liability of Indemnitees. (a) Notwithstanding anything to the contrary set forth in this Agreement or the MLP Partnership Agreement, no Indemnitee shall be liable for monetary damages to the Company, the Sole Member or any other Persons who are bound by this Agreementhave acquired interests in the Partnership, for losses sustained or liabilities incurred as a result of any act or omission if such Indemnitee acted in good faith.
(b) Any amendment, modification or repeal of this Section 5.10 5.11 shall be prospective only and shall not in any way affect the limitations on the liability of the Indemnitees under this Section 5.10 5.11 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Abraxas Energy Partners LP)