Management Indemnification Sample Clauses
Management Indemnification. The Venturers jointly and severally shall indemnify each present and former member of the Management Committee, and each present and former employee, agent or other representative of the Joint Venture, and the heirs, executors, administrators, successors and assigns of the foregoing, from and against any and all liabilities, costs, charges and expenses sustained or incurred in respect of any action, suit or proceeding that is proposed or commenced against them for or in respect of anything done or permitted by them to be done in respect of the execution of the duties of their office. Such indemnification shall include, without limitation, all costs, charges and expenses that they sustain or incur in respect of the affairs of the Joint Venture, except where such liability or costs are finally determined to relate to their willful disregard for their duties or gross negligence .
Management Indemnification. 9.1 Except as otherwise expressly provided in this Agreement, the General Partner shall have exclusive management power over the business and affairs of the Partnership, and shall have all of the powers of the general partner of a limited partnership under the Act. Subject to Section 9.2, the General Partner is authorized, by way of example and not limitation, to: (i) negotiate, execute, deliver, perform, modify, supplement, amend and terminate any contract, agreement, instrument, document or other writing necessary for, or convenient or incidental to, the accomplishment of the Partnership's purpose and the carrying on of the Partnership's business, including but not limited to purchase and sale agreements, loan or other financing agreements (including, without limitation, reverse repurchase agreements), deeds and leases, notes, employment and consulting agreements, management agreements, security
Management Indemnification. The Company will indemnify each member of the Board and officer of the Company against losses sustained by the Board and officers in connection with the Company to the maximum extent allowable under Texas law. The Securities and Exchange Commission generally considers indemnification for liabilities arising out of the Securities Act contrary to public policy and therefore is unenforceable.
Management Indemnification