Authority to Insure. The Company may (but shall not be obligated to) purchase and maintain insurance to protect itself and any Agent against any expense asserted against or reasonably and actually incurred by such Agent, whether or not the Company would have the power to indemnify such Agent against such expense under applicable law or the provisions of this Section 5.5.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)
Authority to Insure. The Company may (but shall not be obligated to) purchase and maintain insurance to protect itself and any Agent Director, Officer, employee or other agent against any expense asserted against or reasonably and actually incurred by such AgentExpense, whether or not the Company would have the power to indemnify such Agent the Director, Officer, employee or other agent against such expense Expense under applicable law or the provisions of this Section 5.5Article or applicable law, including the DGCL (if the Company were a corporation incorporated thereunder) and the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (JMP Group LLC), Limited Liability Company Agreement (MDB Capital Holdings, LLC)
Authority to Insure. The Company may (but shall not be obligated to) purchase and maintain insurance to protect itself and any Agent against any expense asserted against or reasonably and actually incurred by such Agent, whether or not the Company would have the power to indemnify such Agent against such expense under applicable law or the provisions of this Section 5.5.5.5 . LIMITED LIABILITY COMPANY AGREEMENT
Appears in 1 contract
Samples: Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)
Authority to Insure. The Company may (but shall not be obligated to) purchase and maintain insurance to protect itself and any Agent against any expense asserted against or reasonably and actually incurred by such Agent, whether or not the Company would have the power to indemnify such Agent against such expense under applicable law or the provisions of this Section 5.55.5 .
Appears in 1 contract
Samples: Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)
Authority to Insure. The Company may (but shall not be obligated to) purchase and maintain insurance to protect itself and any Agent Representative against any expense asserted against or reasonably and actually incurred by such Agentperson, whether or not the Company would have the power to indemnify such Agent the Representative against such expense under applicable law or the provisions of this Section 5.5Article 6.
Appears in 1 contract
