Common use of Indemnity Provisions Clause in Contracts

Indemnity Provisions. The Company shall indemnify, save, defend, and hold the Manager harmless from and against any loss, expense, or damage suffered by the Manager resulting from any act or omission of the Manager relating to the Company; however, the Company shall not be required to indemnify the Manager for any loss, claim, expense, or damage incurred as a result of the willful misconduct, gross negligence or fraud of the Manager.

Appears in 2 contracts

Samples: Operating Agreement (Ankam, Inc.), Operating Agreement (Ankam, Inc.)

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Indemnity Provisions. The Company shall indemnify, save, defend, indemnify and hold the Manager harmless from and against any loss, expense, or damage suffered by the Manager resulting from any act act, omission, or omission forbearance of the Manager relating to the Company; however, the . The Company shall is not be required to indemnify the Manager for any loss, claim, expense, or damage incurred as a result because of the Manager’s willful misconduct, gross negligence negligence, or fraud of the Managerfraud.

Appears in 1 contract

Samples: Operating Agreement (Common Dwelling Fund, LLC)

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Indemnity Provisions. The Company shall indemnify, save, defend, defend and hold the Manager harmless from and against any loss, expense, or damage suffered by the Manager resulting from any act or omission of the Manager relating to the Company; however, the Company shall not be required to indemnify the Manager for any loss, claim, expense, or damage incurred as a result of the willful misconduct, gross negligence or fraud of the Manager.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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