Right to Indemnification. 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 their 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 interest of the LLC, may be indemnified and held harmless by the LLC; and 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 their participation in or with the LLC, and who acted in good faith and held a reasonable belief that the act or omission was lawful, may be indemnified and held harmless by the LLC.
Appears in 18 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 their 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 interest of the LLC, may be indemnified and held harmless by the LLC; and .
(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 their his/her participation in or with the LLC, and who acted in good faith and held a reasonable belief that the act or omission was lawful, may be indemnified and held harmless by the LLC.
Appears in 11 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 their 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 interest of the LLC, may be indemnified and held harmless by the LLC; and and
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 their participation in or with the LLC, and who acted in good faith and held a reasonable belief that the act or omission was lawful, may be indemnified and held harmless by the LLC.
Appears in 11 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement
