Common use of Indemnification of Covered Persons Clause in Contracts

Indemnification of Covered Persons. To the extent permitted by law, the Company shall indemnify, defend and hold harmless the Member and such officers, employees and agents of the Company as the Member identifies in writing as being entitled to indemnification under this provision (each a “Covered Person”) from and against any and all debts, losses, claims, damages, costs, demands, fines, judgments, contracts (implied and expressed, written and unwritten), penalties, obligations, payments, liabilities of every type and nature (whether known or unknown, fixed or contingent), including, without limitation, those arising out of any lawsuit, action or proceeding, together with any reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees, out-of-pocket expenses and other reasonable costs and expenses incurred in investigating, preparing or defending any pending or threatened lawsuit, action or proceeding) incurred in connection with the foregoing (collectively “Damages”) suffered or sustained by such Covered Person by reason of any act, omission or alleged act or omission by such Covered Person arising out of such Covered Person’s activities taken primarily on behalf of the Company, or at the request or with the approval of the Company, or primarily in furtherance of the interests of the Company; provided, however, that the acts, omissions or alleged acts or omissions upon which such actual or threatened actions, proceedings or claims are based did not constitute willful misconduct or gross negligence.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (DTWC Spokane City Center SPE, LLC), Operating Agreement (DTWC Spokane City Center SPE, LLC), Operating Agreement (DTWC Spokane City Center SPE, LLC)

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Indemnification of Covered Persons. To the fullest extent permitted by lawLaw, the Company shall indemnify, defend and hold harmless the Member and such officers, employees and agents of the Company as the Member identifies in writing as being entitled to indemnification under this provision (each a “Covered Person”) Person from and against any and all debts, losses, claims, damages, costs, demands, fines, judgments, contracts (implied and expressed, written and unwritten), penalties, obligations, payments, liabilities of every type and nature (whether known or unknown, fixed or contingent), including, without limitation, those arising out of any lawsuit, action or proceedingproceeding (whether brought by a party to this Agreement or by any third party), together with any reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees, out-of-pocket expenses and other reasonable costs and expenses incurred in investigating, preparing or defending any pending or threatened lawsuit, action or proceeding) incurred in connection with the foregoing (collectively “Damages”) suffered or sustained by such Covered Person by reason of any act, omission or alleged act or omission by such Covered Person arising out of such Covered Person’s activities taken primarily on behalf of the Company, or at the request or with the approval of the Company, or primarily in furtherance of the interests of the Company; provided, however, that the acts, omissions or alleged acts or omissions upon which such actual or threatened actions, proceedings or claims are based did not constitute willful misconduct misconduct, fraud, gross negligence or gross negligencewillful violation of the law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Enterprise Diversified, Inc.)

Indemnification of Covered Persons. To the extent permitted by ---------------------------------- law, the Company Partnership shall indemnify, defend and hold harmless the Member and such officers, employees and agents of the Company as the Member identifies in writing as being entitled to indemnification under this provision (each a “Covered Person”) Person from and against any and all debts, losses, claims, damages, costs, demands, fines, judgments, contracts (implied and expressed, written and unwritten), penalties, obligations, payments, liabilities of every type and nature (whether known or unknown, fixed or contingent), including, without limitation, those arising out of any lawsuit, action or proceedingproceeding (whether brought by a party to this Agreement or by any third party), together with any reasonable costs and expenses (including, without limitation, reasonable attorneys' fees, out-of-pocket expenses and other reasonable costs and expenses incurred in investigating, preparing or defending any pending or threatened lawsuit, action or proceeding) incurred in connection with the foregoing (collectively "Damages") suffered or sustained by such Covered Person by reason ------- of any act, omission or alleged act or omission by such Covered Person arising out of such Covered Person’s 's activities taken primarily on behalf of the CompanyPartnership, or at the request or with the approval of the CompanyPartnership, or primarily in furtherance of the interests of the CompanyPartnership; provided, however, that the acts, omissions or alleged acts or omissions upon which such actual or threatened actions, proceedings or claims are based did not constitute willful misconduct or gross negligence.

Appears in 1 contract

Samples: Limited Partnership Agreement (RMH Teleservices Inc)

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Indemnification of Covered Persons. (a) To the fullest extent permitted by law, the Company Partnership shall indemnify, defend indemnify and hold harmless the Member and such officers, employees and agents each of the Company as the Member identifies in writing as being entitled to indemnification under this provision (each a “Covered Person”) Persons from and against any and all debtsclaims, liabilities, damages, losses, claims, damages, costs, demands, fines, costs and expenses (including amounts paid in satisfaction of judgments, contracts (implied in compromises and expressedsettlements, written as fines and unwritten)penalties and legal or other costs and reasonable expenses of investigating or defending against any claim or alleged claim) of any nature whatsoever, penalties, obligations, payments, liabilities of every type and nature (whether known or unknown, fixed liquidated or contingent)unliquidated, includingthat are incurred by any Covered Person and arise out of or in connection with the affairs of the Partnership or any Subsidiary or the performance by such Covered Person of any of the General Partner’s responsibilities hereunder or otherwise in connection with the matters contemplated herein unless it is determined by any court, without limitationgovernmental body of competent jurisdiction or arbitrator or arbitration panel in a final, those arising out non-appealable judgment or award, or admitted by such Covered Person in a settlement of any lawsuit, action or proceeding, together with any reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees, out-of-pocket expenses and other reasonable costs and expenses incurred in investigating, preparing or defending any pending or threatened lawsuit, action or proceeding) incurred in connection with the foregoing (collectively “Damages”) suffered or sustained by such Covered Person by reason of any act, omission or alleged act or omission by such Covered Person arising out of that such Covered Person’s activities taken primarily on behalf conduct did constitute fraud, gross negligence or willful malfeasance by such Covered Person. The termination of any Proceeding by settlement, judgment, order, conviction, or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that such Covered Person’s conduct constituted fraud, gross negligence, willful malfeasance or a willful violation of the Companymaterial provisions of this Agreement (or the Management Agreement, or at the request or with the approval of the Company, or primarily in furtherance of the interests of the Company; provided, however, that the acts, omissions or alleged acts or omissions upon which such actual or threatened actions, proceedings or claims are based did not constitute willful misconduct or gross negligenceas applicable).

Appears in 1 contract

Samples: Acquisition Agreement (Ashford Inc)

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