Common use of Limitation on Liability; Indemnity Clause in Contracts

Limitation on Liability; Indemnity. (a) None of the shareholders, directors, officers, employees or agents of the Manager shall be under any liability to Supply or any other person for any action taken or for refraining from the taking of any action taken in good faith pursuant to this Supply Management Agreement; provided, however, that this provision shall not protect the Manager against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or negligence in the performance of its duties hereunder.

Appears in 1 contract

Samples: Supply Management Agreement (NexCen Brands, Inc.)

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Limitation on Liability; Indemnity. (a) None of the members, managers, shareholders, directors, officers, employees or agents of the Manager Employee Company shall be under any liability to Supply the Equipment Holder or any other person Person for any action taken or for refraining from the taking of any action taken in good faith pursuant to this Supply Management Agreement; provided, however, that this provision shall not protect the Manager Employee Company against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder.

Appears in 1 contract

Samples: Employee Services Agreement (Nuco2 Inc /Fl)

Limitation on Liability; Indemnity. (a) None of the shareholders, directors, officers, employees or agents of the Manager shall be under any liability to Supply Manufacturing or any other person for any action taken or for refraining from the taking of any action taken in good faith pursuant to this Supply Management Agreement; provided, however, that this provision shall not protect the Manager against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or negligence in the performance of its duties hereunder.

Appears in 1 contract

Samples: Supply Management Agreement (NexCen Brands, Inc.)

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Limitation on Liability; Indemnity. (a) None of the shareholders, directors, officers, employees or agents of the Master Manager shall be under any liability to Supply the Transaction Manager or any other person Person for any action taken or for refraining from the taking of any action taken in good faith pursuant to this Supply Master Management Agreement; provided, however, that this provision shall not protect the Master Manager against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder.

Appears in 1 contract

Samples: Master Management Agreement (Nuco2 Inc /Fl)

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