Exculpation definition

Exculpation means the exculpation provision set forth in Article X.D hereof.

Exculpation means the exculpation provision set forth in Article X.E hereof.

Exculpation means the exculpation set forth in Article VIII.E of the Plan.

Examples of Exculpation in a sentence

• The General Partner shall obtain and maintain prudent insurance policies to mitigate the risk to the Fund of the indemnification obligations of the Fund described in this Article 16 (Exculpation and Indemnification).

• Accordingly, this Court finds that the Exculpation, Injunction, and Releases are consistent with the Bankruptcy Code and applicable law.

• No GP Covered Person shall be liable to the Fund or any Partner for any losses, claims, demands, actions, judgments, arbitral decisions, orders, fines, penalties or liability of any nature, including reasonable attorneys’ fees, out-of-pocket expenses and court costs (“Damages”) suffered or incurred by the Fund or any Partner, except to the extent that any such Damages are based upon, arise out of or otherwise are in connection with any Exculpation Exclusion Event.

• Without the injunction, the Plan’s Release and Exculpation would lose their impact.

• Further, the Plan’s classification, indemnification, Exculpation, Releases, and Injunction provisions have been negotiated in good faith and at arm’s-length.

More Definitions of Exculpation

Exculpation means the exculpation provision set forth in Section 11.5 hereof.

Exculpation means the exculpation provision set forth in Article X.G of the Plan.

Exculpation means the exculpation provision set forth in Article XI.Bhereof.

Exculpation means the exculpation set forth in Article VIII.E of this Plan.

Exculpation means the exculpation provision set forth in Article IX.E hereof. “Executory Contract” means all contracts and leases to which any Debtor is a party that is

Exculpation means the exculpation provision set forth in Article X.E hereof. “Executory Contract” means a contract to which any Debtor is a party that is subject toassumption or rejection under section 365 of the Bankruptcy Code.

Exculpation means the exculpation provision set forth in Article IX.E.