Recovery from Third Parties. Whenever the Fund has an obligation to provide indemnification under this Section 10.5 and the subject Indemnitee is entitled to indemnification with respect to the same matter from any third party, whether through insurance, pursuant to contract or otherwise, the Investment Manager shall be subrogated to such indemnity and shall use its commercially reasonable efforts to seek recovery from such third party indemnitor.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Hc BDC LLC)
Recovery from Third Parties. Whenever the Fund has an obligation to provide indemnification under this Section 10.5 10.4 and the subject Indemnitee is entitled to indemnification with respect to the same matter from any third party, whether through insurance, pursuant to contract or otherwise, the Investment Manager shall be subrogated to such indemnity and shall use its commercially reasonable efforts to seek recovery from such third party indemnitor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (SCP Private Credit Income BDC LLC)
Recovery from Third Parties. Whenever the Fund has an obligation to provide indemnification under this Section 10.5 11.3 and the subject Indemnitee is entitled to indemnification with respect to the same matter from any third party, whether through insurance, pursuant to contract or otherwise, the Investment Manager shall be subrogated to such indemnity and shall use its commercially reasonable efforts to seek recovery from such third party indemnitor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (SCP Private Credit Income BDC LLC)
