Common use of Prosecution, Defense and Settlement of Claims; Indemnification Clause in Contracts

Prosecution, Defense and Settlement of Claims; Indemnification. A. The General Partner shall arrange to prosecute, defend, settle or compromise actions at law or in equity at the expense of the Limited Partnership as may be necessary to enforce or protect the interests of the Limited Partnership. The General Partner shall satisfy any judgment, decree, decision or settlement, first, out of any insurance proceeds available therefor, next, out of the Limited Partnership assets and income, and, finally, out of the assets of the General Partner.

Prosecution, Defense and Settlement of Claims; Indemnification. A. The General Partner shall arrange to prosecute, defend, settle or compromise actions at law or in equity at the expense of the Limited Partnership as may be necessary to enforce or protect the interests of the Limited Partnership. The General Partner shall satisfy any judgment, decree, decision or settlement, first, out of any insurance proceeds available thereforthere-- for, next, out of the Limited Partnership assets and income, and, finally, out of the assets of the General Partner.

Prosecution, Defense and Settlement of Claims; Indemnification. A. The General Partner shall arrange to prosecute, defend, settle settle, or compromise actions at law or in equity at the expense of the Limited Partnership as may be necessary to enforce or protect the interests of the Limited Partnership. The General Partner shall satisfy any judgment, decree, decision decision, or settlement, first, out of any insurance proceeds available therefor, next, out of the Limited Partnership assets and incomeRevenues, and, finally, out of the assets of the General Partner.