MASTER FUND. The Master Fund covenants that:
MASTER FUND. The Master Fund represents and warrants to the Feeder Fund that:
MASTER FUND. (a) The Master Fund agrees to indemnify and hold harmless the Feeder Fund and any affiliate providing services to the Feeder Fund, and any manager, director, officer, employee or agent of any of them (in this Section, each, a “Covered Person” and collectively, “Covered Persons”), against any and all losses, claims, demands, damages, liabilities or expenses (including, with respect to each Covered Person, the reasonable cost of investigating and defending against any claims therefor and any counsel fees incurred in connection therewith, except as provided in subparagraph (b)) (“Losses”), that:
MASTER FUND. 2 ARTICLE II COVENANTS..........................................................3
MASTER FUND. (a) The Master Fund agrees to indemnify and hold harmless the Feeder Fund and any affiliate providing services to the Feeder Fund, and any manager, director, officer, employee or agent of any of them (in this Section, each, a "Covered Person" and collectively, "Covered Persons"), against any and all losses, claims, demands, damages, liabilities or expenses (including, with respect to each Covered Person, the reasonable cost of investigating and defending against any claims therefor and any counsel fees incurred in connection therewith, except as provided in subparagraph (b)) ("Losses"), that:
MASTER FUND. PNC Alternative Strategies Master Fund LLC, a Delaware limited liability company, or any other company in which the Company invests all or substantially all of its assets.
MASTER FUND. The limited liability company governed hereby, as such limited liability company may from time to time be constituted.
MASTER FUND. PNC Absolute Return Master Fund LLC, a Delaware limited liability company, or any other company in which the Offshore Fund invests all or substantially all of its assets.
MASTER FUND. PNC Long-Short Master Fund LLC, a Delaware limited liability company, or any other company in which the Offshore Fund invests all or substantially all of its assets.
MASTER FUND. (a) Establish, periodically review and update the Fund’s accounting systems and internal controls;
