Common use of Officers, Employees or Agents of the Company Clause in Contracts

Officers, Employees or Agents of the Company. The officers, employees and agents of the Company shall not be subject to any personal liability whatsoever in his or her official or individual capacity to any Person (other than as provided in the following sentence). No officer, employee or agent of the Company shall be liable to the Company, its Holders, or to any Director, officer, employee, or agent thereof for any action or failure to act (including, without limitation, the failure to compel in any way any former or acting Director to redress any breach of trust) except for his own bad faith, willful misfeasance, gross negligence or reckless disregard of his duties.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Master Basic Value LLC), Limited Liability Company Agreement (Master Money LLC), Limited Liability Company Agreement (Master Government Securities LLC)

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Officers, Employees or Agents of the Company. The officers, employees and agents of the Company shall not be subject to any personal liability whatsoever in his or her official or individual capacity to any Person (other than as provided in the following sentence). No officer, employee or agent of the Company shall be liable to the Company, its HoldersMembers, or to any Director, officer, employee, or agent thereof for any action or failure to act (including, without limitation, the failure to compel in any way any former or acting Director to redress any breach of trust) except for his own bad faith, willful misfeasance, gross negligence or reckless disregard of his duties.

Appears in 1 contract

Samples: Oppenheimer Master Inflation (Oppenheimer Master Inflation Protected Securities Fund, LLC)

Officers, Employees or Agents of the Company. The officers, employees and agents of the Company shall not be subject to any personal liability whatsoever in for his or her official or individual capacity to any Person (other than except as provided in the following sentence). No officer, employee or agent of the Company shall be liable to the Company, its HoldersShareholders, or to any Director, officer, employee, or agent thereof for any action or failure to act (including, without limitation, the failure to compel in any way any former or acting Director to redress any breach of trust) except for his own bad faith, willful misfeasance, gross negligence or reckless disregard of his duties.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Master Bond LLC)

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Officers, Employees or Agents of the Company. The officers, employees and agents of the Company shall not be subject to any personal liability whatsoever in his or her official or individual capacity to any Person (other than as provided in the following sentence). No officer, employee or agent of the Company shall be liable to the Company, its Holders, or to any Director, officer, employee, or agent thereof for any action or failure to act (including, without limitation, the failure to compel in any way any former or acting Director to redress any breach of trustduty) except for his or her own bad faith, willful misfeasance, gross negligence or reckless disregard of his or her duties.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Master Senior Floating Rate LLC)

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