Common use of Indemnification of General Partner Clause in Contracts

Indemnification of General Partner. The General Partner shall be indemnified and held harmless by the Partnership from and against any and all claims of any nature, whatsoever, arising out of or incidental to the General Partner's management of Partnership affairs; provided, however, that the General Partner shall not be entitled to indemnification hereunder for liability arising out of gross negligence or willful misconduct of the General Partner or the breach by the General Partner of any provisions of this Agreement.

Appears in 3 contracts

Samples: Agreement of Limited Partnership, Agreement of Limited Partnership, Agreement of Limited Partnership

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Indemnification of General Partner. A. The General Partner shall be indemnified and held harmless harmless, absolutely, unconditionally and irrevocably, by the Partnership from and against any and all claims claims, demands, liabilities, costs, damages and causes of action, of any nature, nature whatsoever, arising out of or incidental to the such General Partner's management of the Project and/or the Partnership affairs; provided, howeverexcept where the claim at issue is based upon the fraud, that the General Partner shall not be entitled to indemnification hereunder for liability arising out of gross negligence or willful misconduct of the such General Partner or the breach by the General Partner of any provisions of this AgreementPartner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Chelsea Gca Realty Partnership Lp), Limited Partnership Agreement (Chelsea Gca Realty Inc)

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Indemnification of General Partner. The General Partner shall be indemnified and held harmless by the Partnership from and against any and all claims of any nature, whatsoever, arising out of or incidental to the General Partner's management of Partnership affairs; provided, however, that the General Partner shall not be entitled to indemnification hereunder for liability arising out of gross negligence or willful misconduct of the General Partner or the breach by the General Partner of any provisions of this Agreement.. 13.11

Appears in 1 contract

Samples: static1.squarespace.com

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