Common use of Substitution and Indemnification Clause in Contracts

Substitution and Indemnification. Upon receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 11 contracts

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Certificate and Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Substitution and Indemnification. Upon the receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners Partner shall indemnify and hold harmless such Partner from and against any losses, damages, and liabilities Adverse Consequences to which such Partner (as a result of its participation hereunder) may be subject, provided that such Adverse Consequences do not result from such Partner's acts or omissions.

Appears in 8 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners Partner shall indemnify and hold harmless such Partner from and against any losses, damages, and liabilities Adverse Consequences to which such Partner (as a result of its participation hereunder) may be subject., provided that such Adverse Consequences do not result from such Partner's acts or omissions. (d)

Appears in 5 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b)) of an amount equal to the sum of its Investment Amount plus the amount of any third party costs, the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 5 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 3 contracts

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Agreement (Boston Capital Tax Credit Fund Iv Lp), Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner Partners and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any lossesliabilities or losses or damages to creditors of, damagesor claimants against, and liabilities to which such Partner (as a result of its participation hereunder) may be subjectthe Partnership.

Appears in 2 contracts

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the Managing General Partners Partner shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b)) of an amount equal to the sum of its Invested Amount plus the amount of any third party costs, the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner Partners and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Management Incentive Agreement (Boston Capital Tax Credit Fund Iv Lp)

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner Partners and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners Partner shall indemnify and hold harmless such Partner from and against any losses, damages, and liabilities Adverse Consequences to which such Partner (as a result of its participation hereunder) may be subject, provided that such Adverse Consequences do not result from such Partner's acts or omissions.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

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Substitution and Indemnification. Upon receipt by the Investment Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b)) , the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Limited Partner and/or the Special Limited Partner of the an amount due equal to it its Invested Amount pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon receipt by the Investment Limited Partner Partners and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon the receipt by the Investment Invest- ment Limited Partner, the Missouri Limited Partner and/or the Special Limited Partner of the amount due to it pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the General Partners shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Substitution and Indemnification. Upon receipt by the an Investment Limited Partner and/or or the Special Limited Partner of the an amount due equal to it its Invested Amount pursuant to either Section 5.2(a) or Section 5.2(b), the Interest of such Partner shall terminate, and the Administrative General Partners Partner shall indemnify and hold harmless such Partner from any losses, damages, and liabilities to which such Partner (as a result of its participation hereunder) may be subject.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

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