LLCA definition
Examples of LLCA in a sentence
Additionally, the Indemnitee will not be liable to the Company, either Series, the Shareholders, the Members or any other person bound by the LLCA for any losses due to any act or omission by the Indemnitee in connection with the conduct of the Company’s business unless there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that such act or omission constitutes actual fraud or willful misconduct.
Unless consented to in writing by Indemnitee, no amendment, alteration or repeal of the LLCA, this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal, regardless of whether a claim with respect to such action or inaction is raised prior or subsequent to such amendment, alteration or repeal.