Common use of Company Indemnity Clause in Contracts

Company Indemnity. To the maximum extent permitted by law, the Company shall indemnify and hold harmless each Manager, such Manager’s Affiliates, and the employees and agents of the Company (each, an “Indemnitee”) from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys’ fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that the Indemnitee is or was a Manager of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: (a) the Indemnitee’s conduct did not constitute willful misconduct or recklessness; (b) the action is not based on breach of this Agreement; (c) the Indemnitee acted in good faith and in a manner such Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s authority; and (d) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s conduct was unlawful. The termination of any action, suit, or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 5 contracts

Samples: Operating Agreement (Chaparral CO2, L.L.C.), Operating Agreement (Green Country Supply, Inc.), Operating Agreement (Chaparral CO2, L.L.C.)

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Company Indemnity. To the maximum extent permitted by law, the Company shall indemnify and hold harmless each Manager, such Manager’s Affiliates, and the employees and agents of the Company (each, an “Indemnitee”) from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys’ fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that the Indemnitee is or was a Manager of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, ; provided: (a) the Indemnitee’s conduct did not constitute willful misconduct or recklessness; (b) the action is not based on breach of this Agreement; (c) the Indemnitee acted in good faith and in a manner such Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s authority; and (d) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s conduct was unlawful. The termination of any action, suit, or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Chaparral CO2, L.L.C.), Operating Agreement (Chaparral CO2, L.L.C.)

Company Indemnity. To the maximum extent permitted by law, the The Company shall may indemnify and hold harmless each Managerits Members, such Manager’s their respective Affiliates, and the Managers, employees and agents of the Company (each, an "Indemnitee") from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys' fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that the Indemnitee is or was a Manager Member or manager of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: provided (ai) the Indemnitee’s 's conduct did not constitute willful misconduct or recklessness; , (bii) the action is not based on breach of this Agreement; , (ciii) the Indemnitee acted in good faith and in a manner such Indemnitee he or it reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s authority; 's authority and (div) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s its conduct was unlawful. The termination of any action, suit, or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contenderecontendre, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 2 contracts

Samples: Operating Agreement (Forward Profit Investing LLC), Operating Agreement (Forward Profit Investing LLC)

Company Indemnity. To the maximum extent permitted by law, the Company shall indemnify and hold harmless each Managerthe General Partner, such Manager’s all Partners, their respective Affiliates, and the employees and agents of the Company (each, an "Indemnitee") from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys’ attorney's fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that the Indemnitee is or was a Manager Limited Partner or the General Partner of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: provided (ai) the Indemnitee’s 's conduct did not constitute willful misconduct or recklessness; , (bii) the action is not based on breach of this Agreement; , (ciii) the Indemnitee acted in good faith and in a manner such Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s 's authority; , and (div) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s 's conduct was unlawful. The termination of any action, suit, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sterling House Corp), Limited Partnership Agreement (Sterling House Corp)

Company Indemnity. To the maximum extent permitted by law, the Company shall indemnify and hold harmless each Managerall Members, such Manager’s their respective Affiliates, and the Manager, employees and agents of the Company (each, each an “Indemnitee”) from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys’ attorney’s fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, suits or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that the Indemnitee is or was a Manager Member of the Company Company, or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: , (ai) the Indemnitee’s conduct did not constitute willful misconduct or recklessness; , (bii) the action is not based on breach of this Agreement; these Regulations (ciii) the Indemnitee acted in good faith and in a manner such Indemnitee he or it reasonably believed to be in, or not opposed to, to the best interests of the Company and within the scope of such Indemnitee’s authority; authority and (div) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s its conduct was unlawful. The termination of any action, suit, or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 1 contract

Samples: Operating Agreement (Usp Mission Hills, Inc.)

Company Indemnity. To the maximum extent permitted by law, the Company shall indemnify and hold harmless each Managerall Members, such Manager’s Managers, their respective Affiliates, and the employees and agents of the Company and the Tax Matters Partner (each, an “Indemnitee”) from and against any and all losses, claims, demands, costs, damages, liabilities, liabilities (joint and several), expenses of any nature (including attorneys’ fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, suits or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that the Indemnitee is or was a Member or Manager of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: , (ai) the Indemnitee’s conduct did not constitute willful misconduct or recklessness; , (bii) the action is not based on breach of this Agreement; , (ciii) the Indemnitee acted in good faith and in a manner such the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s authority; , and (div) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such the Indemnitee’s conduct was unlawful. The termination of any action, suit, suit or proceeding by judgment, order, settlement, settlement or conviction, or upon a plea of nolo contendere, no contest or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 1 contract

Samples: Operating Agreement (Global Linguist Solutions LLC)

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Company Indemnity. To the maximum extent permitted by law, the The Company shall indemnify and hold harmless each Manager, such Manager’s Affiliates, Member and the employees and agents of the Company Manager (each, an “Indemnitee”) from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys’ fees and disbursements)fees, judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee (the “Indemnified Expenses”) in connection with any and all claims, demands, actions, suits, or proceedings, civil, whether civil or criminal, administrative or investigative, in which the Indemnitee may be involved, is involved or threatened to be involved, as a party or otherwiseotherwise (the “Indemnified Claims”), by reason of the fact that the Indemnitee is or was a Member or Manager of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: provided that (ai) the Indemnitee’s conduct did not constitute willful misconduct or recklessnessmisconduct; (bii) the action is not based on upon a breach of this AgreementAgreement including, without limitation, a breach by a Manager of any of the provisions of Section 7.10; (ciii) the Indemnitee acted in good faith and in a manner such which the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s authority; and (div) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s his or her conduct was unlawful. The termination of any actionFurther, suitno indemnification shall be had which is not permitted under the Act. To be eligible for indemnity hereunder, or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in shall have given notice to the Company on a manner contrary to that specified abovereasonably prompt basis of the existence, nature, and scope of the Indemnified Claims and Indemnified Expenses as soon as the Indemnitee became aware thereof.

Appears in 1 contract

Samples: Operating Agreement (Terra Investment Fund LLC)

Company Indemnity. To the maximum extent permitted by law, the Company shall indemnify and hold harmless each Manager, such Manager’s 's Affiliates, and the employees and agents of the Company (each, an "Indemnitee") from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys' fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwiseother-wise, by reason of the fact that the Indemnitee is or was a Manager of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: (a) the Indemnitee’s 's conduct did not constitute willful misconduct or recklessness; (b) the action is not based on breach of this Agreement; (c) the Indemnitee acted in good faith and in a manner such Indemnitee he reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s 's authority; and (d) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s his conduct was unlawful. The termination of any action, suit, or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contenderecontenders, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 1 contract

Samples: Operating Agreement (Village at Oakwood LLC)

Company Indemnity. To the maximum extent permitted by law, the Company shall indemnify and hold harmless each the Manager, such Manager’s all Members, their respective Affiliates, and the employees and agents of the Company (each, an "Indemnitee") from and against any and all losses, claims, demands, costs, damages, liabilities, joint and several, expenses of any nature (including attorneys’ attorney's fees and disbursements), judgments, fines, settlements, penalties and other expenses actually and reasonably incurred by the Indemnitee in connection with any and all claims, demands, actions, suits, or proceedings, civil, criminal, administrative or investigative, in which the Indemnitee may be involved, or threatened to be involved, as a party or otherwise, by reason of the fact that the Indemnitee is or was a Member or Manager of the Company or is or was an employee or agent of the Company, including Affiliates of the foregoing, arising out of or incidental to the business of the Company, provided: provided (ai) the Indemnitee’s 's conduct did not constitute willful misconduct or recklessness; , (bii) the action is not based on breach of this Agreement; , (ciii) the Indemnitee acted in good faith and in a manner such Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company and within the scope of such Indemnitee’s 's authority; , and (div) with respect to a criminal action or proceeding, the Indemnitee had no reasonable cause to believe such Indemnitee’s 's conduct was unlawful. The termination of any action, suit, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere, or its equivalent, shall not, in and of itself, create a presumption or otherwise constitute evidence that the Indemnitee acted in a manner contrary to that specified above.

Appears in 1 contract

Samples: Operating Agreement (Sterling House Corp)

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