Common use of Exculpation and Indemnification Clause in Contracts

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither the Member nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “Covered Persons”) shall be liable to the Company or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC)

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Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither the Economic Member, any Independent Member nor any officerOfficer, director, employee, agent or Affiliate of the foregoing (collectively, the “Covered Persons”) shall be liable to the Company or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Toys R Us Property Co I, LLC), Limited Liability Company Agreement (Toys R Us Property Co I, LLC), Limited Liability Company Agreement (Tru 2005 Re I, LLC)

Exculpation and Indemnification. (a) To Neither the fullest extent permitted by applicable law, neither the LLC Member nor any officerOfficer, directorDirector, employee or agent of the Company nor any employee, representative, agent or Affiliate affiliate of the foregoing LLC Member (collectively, the “Covered Persons”) shall be liable to the Company or any other Person who is bound by this LLC Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this LLC Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 6 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Exculpation and Indemnification. (a) To a. No Member, Officer, Director, employee or agent of the fullest extent permitted by applicable lawCompany and no employee, neither the Member nor any officer, director, employeerepresentative, agent or Affiliate of the foregoing Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence or willful misconduct.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Telmark LLC), Limited Liability Company Agreement (Sce Funding LLC), Limited Liability Company Agreement (Sce Funding LLC)

Exculpation and Indemnification. (a) To a. No Member, Officer, Director, employee or agent of the fullest extent permitted by applicable lawCompany and no employee, neither the Member nor any officer, director, employeerepresentative, agent or Affiliate of the foregoing Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or 's willful misconduct.

Appears in 5 contracts

Samples: Limited Liability Comp Any Agreement (Public Service Electric & Gas Co), Limited Liability Company Agreement (Pseg Fossil LLC), Limited Liability Company Agreement (Pseg Fossil LLC)

Exculpation and Indemnification. (a) To The Member shall not, and no Officer, Manager, employee or agent of the fullest extent permitted by applicable lawCompany and no employee, neither the Member nor any officer, director, employeerepresentative, agent or Affiliate of the foregoing Member (collectively, the “Covered Persons”) shall shall, be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 4 contracts

Samples: Royalty Participation Agreement (Elan Corp PLC), Limited Liability Company Agreement (Chase Card Funding LLC), Royalty Participation Agreement (Theravance Inc)

Exculpation and Indemnification. (a) To a. No Member, Officer, Manager, employee or agent of the fullest extent permitted by applicable lawCompany and no employee, neither the Member nor any officer, director, employeerepresentative, agent or Affiliate of the foregoing Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or 's willful misconduct.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Gpu Inc /Pa/), Limited Liability Company Agreement (Pseg Energy Holdings LLC), Limited Liability Company Agreement (Jcp&l Transition Funding LLC)

Exculpation and Indemnification. (a) To a. No Member, employee or agent of the fullest extent permitted by applicable lawCompany and no director, neither the Member nor any officer, directoremployee, employeerepresentative, agent or Affiliate of the foregoing Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence or willful misconduct.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Real Estate Corp)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable lawLaw, neither the Member nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “no Covered Persons”) Person shall be liable to the Company or any other Person who that is a party to or is otherwise bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s fraud, gross negligence or willful misconduct.

Appears in 3 contracts

Samples: Management Agreement (Oncor Electric Delivery Co LLC), Limited Liability Company Agreement, Limited Liability Company Agreement

Exculpation and Indemnification. (a) To Neither the fullest extent permitted by applicable law, neither the Sole LLC Member nor any officerOfficer, directorDirector, employee or agent of the Company nor any employee, representative, agent or Affiliate of the foregoing Sole LLC Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or 's willful misconduct.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither Neither the Member nor the Special Members nor any officerIndependent Manager, directoremployee or agent of the Company nor any employee, employeerepresentative, agent or Affiliate of the foregoing (collectively, the “Covered Persons”) shall be liable to the Company or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Electric City Corp), Limited Liability Company Agreement (Electric City Corp)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither the Member nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “no Covered Persons”) Person shall be liable to the Company or any other Person who that is a party to or is otherwise bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Oncor Electric Delivery Co LLC), Limited Liability Company Agreement (Energy Future Holdings Corp /TX/)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither the Member nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “no Covered Persons”) Person shall be liable to the Company or any other Person who that is a party to or is otherwise bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s fraud, gross negligence or willful misconduct.

Appears in 2 contracts

Samples: Addendum Agreement (Oncor Electric Delivery Co LLC), Limited Liability Company Agreement (Oncor Electric Delivery Co LLC)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither a. Neither the Member nor any officerOfficer, directorDirector, employee or agent of the Company nor any employee, representative, agent or Affiliate of the foregoing Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Inc)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable lawLaw, neither the Member nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “no Covered Persons”) Person shall be liable to the Company or any other Person who that is a party to or is otherwise bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s fraud, gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energy Future Holdings Corp /TX/)

Exculpation and Indemnification. (a) To Neither the fullest extent permitted by applicable law, neither the Member Stockholder nor any officerOfficer, directorDirector, employee or agent of the Exchange nor any employee, representative, agent or Affiliate of the foregoing Stockholder (collectively, the "Covered Persons") shall be liable to the Company Exchange or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company Exchange and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or 's willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither the Member Manager, nor the Members nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “Covered Persons”) shall be liable to the Company or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Exculpation and Indemnification. (a) To a. No Member, Officer, Director, manager, employee or agent of the fullest extent permitted by applicable lawCompany and no employee, neither the Member nor any officer, director, employeerepresentative, agent or Affiliate of the foregoing Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability (Sdg&e Funding LLC a De Limited Liability Co)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither the Member nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “No Covered Persons”) Person shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of to the extent that it is finally judicially determined that the loss, damage or claim resulted from such Covered Person’s gross negligence or willful misconduct.

Appears in 1 contract

Samples: Operating Agreement (Interactive Data Real-Time Services, Inc.)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither Neither the Member nor the Special Member nor any officerOfficer, directorDirector, employee or agent of the Company nor any employee, representative, agent or Affiliate of the foregoing Member or the Special Member (collectivelyeach, the “a "Covered Persons”Person") shall be liable to the Company or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Verizon ABS LLC)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither the Member nor the Special Member nor any officer, director, employee, agent or Affiliate of the foregoing (collectively, the “Covered Persons”) shall be liable to the Company or any other Person who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither a. Neither the Member nor any officerOfficer, directorDirector, employee or agent of the Company and no employee, representative, agent or Affiliate of the foregoing Member (collectively, the "Covered Persons") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cherokee Inc)

Exculpation and Indemnification. (a) To No Member, Officer, Director, employee or agent of the fullest extent permitted by applicable lawCompany, neither the Member nor any officerand no employee, director, employeerepresentative, agent or Affiliate of the foregoing Member (collectively, the “Covered Persons”) shall be liable to the Company or to any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intertape Woven Products Services S.A. De C.V.)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither Neither the Member nor any officerOfficer, directorDirector, employee or agent of the Company nor any employee, representative, agent or Affiliate of the foregoing Member (collectively, the “Covered Persons”"COVERED PERSONS") shall be liable to the Company or any other Person who is bound by this Agreement has an interest in or claim against the Company for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s 's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (World Financial Network Credit Card Master Trust)

Exculpation and Indemnification. (a) To the fullest extent permitted by applicable law, neither Neither the Member nor any officerOfficer, directorDirector, employee or agent of the Company nor any employee, representative, agent or Affiliate affiliate of the foregoing Member (collectively, the “Covered Persons”) shall be liable to the Company or any other Person person or entity who is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Endurance International Group, Inc.)

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