The Manager Indemnification Clause Samples
The Manager Indemnification clause serves to protect the manager from legal liability arising from actions taken in the course of managing a business or investment. Typically, this clause requires the company or fund to reimburse the manager for costs, damages, or losses incurred due to lawsuits or claims, provided the manager acted in good faith and within the scope of their authority. By doing so, it encourages managers to perform their duties without fear of personal financial loss, thereby facilitating effective management and risk-taking within reasonable bounds.
The Manager Indemnification. The Manager agrees to indemnify and hold harmless the Transaction Entities, each of their directors and/or trustees, each of their officers who signed the Registration Statement, and each person, if any, who controls the Transaction Entities within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against any and all loss, liability, claim, damage and expense described in the indemnity contained in subsection (a) of this Section 9, as incurred, but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement (or any amendment thereto), any Issuer Free Writing Prospectus or the Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity with written information furnished to the Company by the Manager expressly for use therein (the “Agent Content”).