STANDARDS OF CONDUCT, LIABILITY AND INDEMNIFICATION Sample Clauses
The "Standards of Conduct, Liability and Indemnification" clause sets out the expected behavior and responsibilities of the parties involved, as well as the allocation of legal responsibility and protection against certain claims. It typically outlines the professional or ethical standards that must be maintained, specifies who is liable for damages or losses arising from breaches or misconduct, and details the circumstances under which one party must compensate or defend the other against third-party claims. This clause is essential for clarifying expectations, managing risk, and ensuring that parties are protected from potential legal and financial consequences resulting from improper conduct or negligence.
STANDARDS OF CONDUCT, LIABILITY AND INDEMNIFICATION. Section 9.1 Standards of Conduct and Fiduciary Duties 18 Section 9.2 Liability and Exculpation 19 Section 9.3 Indemnification 19
STANDARDS OF CONDUCT, LIABILITY AND INDEMNIFICATION. 9.1 Standards of Conduct and Fiduciary Duties 22 9.2 Liability and Exculpation 23 9.3 Indemnification 23
10.1 Tax Returns 24 10.2 Tax Elections 24 10.3 Tax Matters Member 25 11.1 Restrictions on Transfers of Membership Interests 26 11.2 Substitute Members 26 11.3 Assignees 27 11.4 Requirements Applicable to All Transfers 27 11.5 Release of Transferor’s Liability 28 11.6 Prohibition Against Hypothecation 28 11.7 General Provisions relating to Transfer of Membership Interests 28 11.8 Further Admissions of Additional Members 29
STANDARDS OF CONDUCT, LIABILITY AND INDEMNIFICATION
STANDARDS OF CONDUCT, LIABILITY AND INDEMNIFICATION