Common use of Indemnification of Member Clause in Contracts

Indemnification of Member. The Member, its shareholders, members, partners, Affiliates, officers, directors, employees, agents and assigns, shall not be liable for, and shall be indemnified and held harmless (to the extent of the Company’s assets) from, any loss or damage incurred by them, the Company or the Member in connection with the business of the Company, including costs and reasonable attorneys’ fees and any amounts expended in the settlement of any claims of loss or damage resulting from any act or omission performed or omitted.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Cottonwood Multifamily Opportunity Fund, Inc.), Limited Liability Company Agreement (Cottonwood Multifamily Development REIT I, Inc.)

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Indemnification of Member. The MemberTo the fullest extent permitted by applicable law, the Member and its shareholders, members, partners, Affiliates, officers, directors, respective employees, agents agents, affiliates and assigns, shall not be liable for, and assigns shall be indemnified and held harmless (entitled to indemnification from the extent of the Company’s assets) fromCompany for any loss, any loss damage or damage claim incurred by them, the Company or the Member in connection with the business reason of the Company, including costs and reasonable attorneys’ fees and any amounts expended in the settlement of any claims of loss or damage resulting from any act or omission performed or omittedomitted in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred by this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vistancia Marketing, LLC), Limited Liability Company Agreement (Vistancia Marketing, LLC)

Indemnification of Member. The Member, its shareholders, members, partners, Affiliates, officers, directors, partners, employees, agents and assigns, shall not be liable for, and shall be indemnified and held harmless (to the extent of the Company’s 's assets) from, any loss or damage incurred by them, the Company or the Member in connection with the business of the Company, including costs and reasonable attorneys' fees and any amounts expended in the settlement of any claims of loss or damage resulting from any act or omission performed or omitted.

Appears in 1 contract

Samples: Company Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)

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Indemnification of Member. The MemberTo the fullest extent permitted by applicable law, the Member and its shareholders, members, partners, Affiliates, officers, directors, employees, agents agents, affiliates and assigns, shall not be liable for, and assigns shall be indemnified and held harmless (entitled to indemnification from the extent of the Company’s assets) fromCompany for any loss, any loss damage or damage claim incurred by them, the Company or the Member in connection with the business reason of the Company, including costs and reasonable attorneys’ fees and any amounts expended in the settlement of any claims of loss or damage resulting from any act or omission performed or omittedomitted in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred by this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Dictionary.com, LLC)

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