Common use of Indemnification of General Partner Clause in Contracts

Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s fees) arising out of any act or failure to act by the General Partner, specifically excluding its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 3 contracts

Samples: Agreement (Tandy Holdings, Inc.), Limited Partnership Agreement (Tandy Holdings, Inc.), Limited Partnership Agreement (Tandy Holdings, Inc.)

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Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys’ fees) arising out of any act or failure to act by the General Partner, specifically excluding including its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 2 contracts

Samples: Barnett Shale Operating LLC, Barnett Shale Operating LLC

Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost loss or expense (expense, including without limitation reasonable attorney’s attorneys’ fees) arising out , litigation costs, settlement amounts and judgments, it may incur by reason of any act or failure to act omission in connection with the management and operation of the Partnership and its business, unless the liability, loss or expense is caused by the willful misconduct, bad faith or gross negligence of the General PartnerPartner or its directors, specifically excluding its soleofficers, partial, employees or concurrent negligence, to agents. The indemnity contained in this Section 6.2 shall not be recoverable from the greatest extent permitted under the ActLimited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Clear Channel Identity, Inc.)

Indemnification of General Partner. (a) The Partnership shall indemnify indemnify, save harmless, and hold harmless pay all judgments and claims against the General Partner and its officers, directors, agents, and representatives from and against or any loss, damage, liability, cost officers or expense (including reasonable attorney’s fees) arising out directors of such General Partner relating to any liability or damage incurred by reason of any act performed or failure omitted to act be performed by the General Partner, specifically excluding its soleofficer or director in connection with the business of the Partnership, partialincluding attorneys' fees incurred by such General Partner, officer or concurrent negligencedirector in connection with the defense of any action based on any such act or omission, to the greatest extent which attorneys' fees may be paid as incurred, as permitted under the Actby law.

Appears in 1 contract

Samples: Norampac Inc

Indemnification of General Partner. 8.07 The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, agents and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys' fees) arising out of any act or failure to act by the General Partner, specifically excluding including its sole, partial, partial or concurrent negligence, negligence to the greatest extent permitted under the Act.

Appears in 1 contract

Samples: Midland Resources Inc /Tx/

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Indemnification of General Partner. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, sharehold ers, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys' fees) arising out of any act or failure to act by the General PartnerPartner in carrying out its duties under this Agreement, specifically excluding including its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 1 contract

Samples: Agreement (Quinlan Jim Chevrolet Co)

Indemnification of General Partner. 8.06. The Partnership shall indemnify and hold harmless the General Partner and its officers, directors, agents, and representatives from and against any loss, damage, liability, cost or expense (including reasonable attorney’s attorneys' fees) arising out of any act or failure to act by the General Partner, specifically excluding including its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.. CONTRACTS WITH AFFILIATES

Appears in 1 contract

Samples: Meritage Corp

Indemnification of General Partner. The Partnership shall indemnify ----------------------------------- and hold harmless the General Partner and its officersPartner, directors, agents, and representatives from and against any loss, damage, liability, cost expense or expense liability (including but not limited to reasonable attorney’s attorneys fees) arising out incurred by such General Partner in connection with, or by reason of, its activities as General Partner of the Partnership. Such duty to indemnify shall be limited to assets of the Partnership, and shall not extend to acts of gross negligence or willful misconduct of any act or failure to act by the General Partner, specifically excluding its sole, partial, or concurrent negligence, to the greatest extent permitted under the Act.

Appears in 1 contract

Samples: Agreement (Central Bancorp Inc /Ma/)

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