Right to Indemnification. (i) Any person who is or was a member or officer of the LLC and who is or may be a party to any civil action because of his/her participation in or with the LLC, and who acted in good faith and in a manner which he/she reasonably believed to be in, or not opposed to, the best interests of the LLC may be indemnified and held harmless by the LLC. (ii) Any person who is or was a member or officer of the LLC and who is or may be a party to any criminal action because of his/her participation in or with the LLC, and who acted in good faith and had reasonable cause to believe that the act or omission was lawful, may be indemnified and held harmless by the LLC.
Appears in 17 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Right to Indemnification. (i) Any person who is or was a member or officer of the LLC and who is or may be a party to any civil action because of his/her participation in or with the LLC, and who acted in good faith and in a manner which he/she reasonably believed to be in, or not opposed to, the best interests of the LLC may LLC, shall be indemnified and held harmless by the LLC.
(ii) Any person who is or was a member or officer of the LLC and who is or may be a party to any criminal action because of his/her participation in or with the LLC, and who acted in good faith and had reasonable cause to believe that the act or omission was lawful, may shall be indemnified and held harmless by the LLC.
Appears in 12 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Right to Indemnification. (i) Any person who is or was a member or officer of the LLC and who is or may be a party to any civil action because of his/her participation in or with the LLC, and who acted in good faith and in a manner which he/she reasonably believed to be in, or not opposed to, the best interests interest of the LLC may be indemnified and held harmless by the LLC.
(ii) Any person who is or was a member or officer of the LLC and who is or may be a party to any criminal action because of his/her participation in or with the LLC, and who acted in good faith and had reasonable cause to believe that the act or omission was lawful, may be indemnified and held harmless by the LLC.
Appears in 8 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Right to Indemnification. (i) Any person who is or was a member Member or officer Officer of the LLC and who is or may be a party to any civil action because of his/her participation in or with the LLC, and who acted in good faith and in a manner in which he/she reasonably believed to be in, or not opposed to, the best interests interest of the LLC LLC, may be indemnified and held harmless by the LLC.
(ii) Any person who is or was a member Member or officer Officer of the LLC and who is or may be a party to any criminal action because of his/her participation in or with the LLC, and who acted in good faith and had a reasonable cause to believe belief that the act or omission was lawful, may be indemnified and held harmless by the LLC.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Right to Indemnification. (i) Any person who is or was a member or officer of the LLC and who is or may be a party to any civil action because of his/her participation in or with the LLC, and who acted in good faith and in a manner which he/she reasonably believed to be in, or not opposed to, the best interests of the LLC may LLC, shall be indemnified and held harmless by the LLC.
(ii) . Any person who is or was a member or officer of the LLC and who is or may be a party to any criminal action because of his/her participation in or with the LLC, and who acted in good faith and had reasonable cause to believe that the act or omission was lawful, may shall be indemnified and held harmless by the LLC.
Appears in 1 contract
Samples: Operating Agreement
Right to Indemnification. (i) Any person who is or was a member Member or officer of the LLC and who is or may be a party to any civil action because of his/her participation in or with the LLC, and who acted in good faith and in a manner which he/she reasonably believed to be in, or not opposed to, the best interests of the LLC may LLC, shall be indemnified and held harmless by the LLC.
(ii) . Any person who is or was a member Member or officer of the LLC and who is or may be a party parto to any criminal action because of his/her participation in or with the LLC, and who acted in good faith and had reasonable cause to believe that the act or omission was lawful, may shall be indemnified and held harmless by the LLC.
Appears in 1 contract
Samples: Operating Agreement (Videolocity International Inc)
