Partnership Indemnified Party definition

Partnership Indemnified Party means (a) any Person (together with such Person’s heirs, executors and administrators) who is or was, or at any time prior to the Effective Time becomes, an officer, director, or manager of any Partnership Group Entity or the General Partner and (b) any Person (together with such Person’s heirs, executors, and administrators) who is or was serving, or at any time prior to the Effective Time serves, at the request of any Partnership Group Entity or the General Partner as an officer, director, member, general partner, fiduciary, or trustee of another Person; provided that a Person shall not be a Partnership Indemnified Party solely by reason of providing, on a fee-for-services basis, trustee, fiduciary, or custodial services.

Partnership Indemnified Party has the meaning set forth in Section 2.6(b).

Partnership Indemnified Party shall have the meaning given to it in Section 11.1.

Examples of Partnership Indemnified Party in a sentence

• The rights of any Partnership Indemnified Party under this Section 5.17 shall be in addition to any other rights such Partnership Indemnified Party may have under the Organizational Documents of any Partnership Group Entity or applicable Law.

• Upon any recovery by TRMC from the Sellers for indemnification claims made on behalf of any Partnership Indemnified Party due to Losses arising out of clauses (iii) and (iv) of this Section 2.4, TRMC shall promptly pay the full amount of such recoveries to the applicable Partnership Indemnified Party.

• It is the intent of this provision that no Partnership Indemnified Party have any direct claims against TRMC with respect to any Losses arising out of clauses (i) through (iv) of this Section 2.4, but it is intended that the Partnership Indemnified Parties benefit with respect to any such claims as if they were parties to the BP Purchase and Sale Agreement.

• A Partnership Indemnified Party shall ----------------------------- give prompt written notice to Prime of the commencement or assertion of any third party action in respect of which such the Partnership Indemnified Party shall seek indemnification hereunder.

• All decisions and actions by the Contributor Parties’ Representative, including any agreement between the Contributor Parties’ Representative and Partnership relating to the defense or settlement of any claim pursuant to Article VII for which the Contributor Parties may be required to indemnify any Partnership Indemnified Party, shall be binding upon all of the Contributor Parties and no Contributor Party shall have the right to object, protest or otherwise contest the same.

• Tabak, D.D.S., Ph.D., Acting Director of NIH and Executive Director of the CCRHB, and James K.

• To the extent a Partnership Indemnified Party is an officer, employee, or agent of the General Partner or the Partnership such Person shall be entitled to indemnification and advancement of expenses from and by the Partnership pursuant to this Section 7.11 only to the extent approved by the General Partner and subject to such conditions as may be imposed by the General Partner.

• Any failure so to notify Prime shall not relieve Prime from any liability that it may have to such the Partnership Indemnified Party under this Article VIII unless the failure to give such notice materially and adversely prejudices Prime.

• To the fullest extent permitted by Law, no Partnership Indemnified Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.02; provided, however, that such limitation shall not prevent any Partnership Indemnified Party from recovering under this Section 6.02 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

• None of the General Partner, the Fund or the Partnership or any other Person shall have any rights by virtue of the Partnership Agreement or the partnership relationship established under the Partnership Agreement or otherwise in any business ventures of a Partnership Indemnified Party.

More Definitions of Partnership Indemnified Party

Partnership Indemnified Party has the meaning set forth in Section 11.1(a); “Partnership Rights” has the meaning set forth in Section 14.1(a); “Partnership Step-In Agreement” has the meaning set forth in Section 16.14;

Partnership Indemnified Party means the Partnership and its partners and their respective officers, directors, employees, representatives, agents, advisors, consultants and assigns, and all of their respective heirs, legal representatives, successors and assigns, but shall exclude the Contributor Indemnified Party.

Partnership Indemnified Party has the meaning given such term in Section 5.1.