Prospective Amendment of Liability and Indemnity. Any repeal or amendment of this Article by the Members or Board of Managers of the Company shall be prospective only and shall not adversely affect any right of an officer, Member or Manager to indemnification, or any limitation on the liability of an officer, Member or Manager of the Company existing at the time of such repeal or amendment.
Appears in 9 contracts
Samples: Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement, Operating Agreement (South Dakota Soybean Processors LLC)
Prospective Amendment of Liability and Indemnity. Any repeal or amendment of this Article by the Members or Board of Managers of the Company shall be prospective only and shall not adversely affect any right of an officer, Member or Manager to indemnification, or any limitation on the liability of an officer, Member or Manager of the Company existing at the time of such repeal or amendment.
Appears in 9 contracts
Samples: Operating Agreement (Lake Area Corn Processors LLC), Operating Agreement, Operating Agreement
Prospective Amendment of Liability and Indemnity. Any repeal or amendment of this Article by the Members or Board of Managers of the Company shall be prospective only and shall not adversely affect any right of an officer, Member, Manager or Managing Member or Manager to indemnification, indemnification or any limitation on the liability of an officer, Member, Manager or the Managing Member or Manager of the Company existing at the time of such repeal or amendment.
Appears in 4 contracts
Samples: Operating Agreement (Great Plains Ethanol LLC), Operating Agreement (Great Plains Ethanol LLC), Operating Agreement (Great Plains Ethanol LLC)
Prospective Amendment of Liability and Indemnity. Any repeal or amendment of this Article by the Members or Board of Managers of the Company shall be prospective only and shall not adversely affect any right of an officer, Member or Manager to indemnification, indemnification or any limitation on the liability of an officer, Member or Manager of the Company existing at the time of such repeal or amendment.
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