Common use of Exceptions to Indemnification Clause in Contracts

Exceptions to Indemnification. Notwithstanding anything to the contrary contained herein, the Issuer’s obligations under Section 4(a) (Indemnification of Protected Persons) and Section 4(b) (Reimbursement of Expenses) shall not apply to any actions, suits or proceedings in which one or more officers, directors, partners, members or employees of the Administrator are making claims against the Administrator or one or more other officers, directors, partners, members or employees of the Administrator.

Appears in 312 contracts

Samples: Management Services Agreement (Masterworks 172, LLC), Administrative Services Agreement (Masterworks 097, LLC), Administrative Services Agreement (Masterworks 057, LLC)

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Exceptions to Indemnification. Notwithstanding anything to the contrary contained herein, the IssuerCompany’s obligations under Section 4(a) (Indemnification of Protected Persons) and Section 4(b) (Reimbursement of Expenses) shall not apply to any actions, suits or proceedings in which one or more officers, directors, partners, members or employees of the Administrator are making claims against the Administrator or one or more other officers, directors, partners, members or employees of the Administrator.

Appears in 8 contracts

Samples: Management Services Agreement (Masterworks Vault 2, LLC), Management Services Agreement (Masterworks Vault 1, LLC), Management Services Agreement (Masterworks Vault 3, LLC)

Exceptions to Indemnification. Notwithstanding anything to the contrary contained herein, the Issuer’s obligations under Section 4(a5(a) (Indemnification of Protected Persons) and Section 4(b5(b) (Reimbursement of Expenses) shall not apply to any actions, suits or proceedings in which one or more officers, directors, partners, members or employees of the Administrator are making claims against the Administrator or one or more other officers, directors, partners, members or employees of the Administrator.

Appears in 3 contracts

Samples: Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, LLC), Administrative Services Agreement (Masterworks Collection 001, LLC)

Exceptions to Indemnification. Notwithstanding anything to the contrary contained herein, the Issuer’s obligations under Section 4(a) (Indemnification of Protected Persons) and Section 4(b) (Reimbursement of Expenses) shall not apply to any actions, suits or proceedings in which one or more officers, directors, partners, members or employees of the Administrator Manager are making claims against the Administrator Manager or one or more other officers, directors, partners, members or employees of the AdministratorManager.

Appears in 1 contract

Samples: Administrative Services Agreement (Vault Holding 1, LLC)

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Exceptions to Indemnification. Notwithstanding anything to the contrary contained herein, the Issuer’s obligations under Section 4(a) 4.a. (Indemnification of Protected Persons) and Section 4(b) 4.b. (Reimbursement of Expenses) shall not apply to any actions, suits or proceedings in which one or more officers, directors, partners, members or employees of the Administrator are making claims against the Administrator or one or more other officers, directors, partners, members or employees of the Administrator.

Appears in 1 contract

Samples: Administrative Services Agreement (Masterworks 029, LLC)

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