Limitation of Liability and Indemnification of Members. No Member shall be personally liable for monetary damages for breach of any duty provided for in LSA-R.S. 12:1314. The Company shall defend, indemnify and hold harmless each Member against judgments, settlements, penalties, fines or expenses incurred because such person or entity is or was a member of the Company.
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Samples: Operating Agreement (JCC Fulton Development, LLC), Operating Agreement (New Gaming Capital Partnership), Operating Agreement (New Gaming Capital Partnership)
Limitation of Liability and Indemnification of Members. No Member shall be he personally liable for monetary damages for breach of any duty provided for in LSA-R.S. 12:1314. The Company shall defend, indemnify and hold harmless each Member against judgments, settlements, penalties, fines or expenses incurred because such person or entity is or was a member of the Company.
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