Common use of Indemnification of Employees and Agents Clause in Contracts

Indemnification of Employees and Agents. The Company by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to any Manager or officer under this Article V; and the Company, by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to any person who is or was not a Manager, officer, employee or agent of the Company but who is or was serving at the request of the Company as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such person and incurred by such person in such a capacity or arising out of such person’s status as such to the same extent and subject to the same conditions that the Company may indemnify and pay any advance expenses to any Manager or officer under this Article V.

Appears in 16 contracts

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC)

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Indemnification of Employees and Agents. The Company by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to any Manager or officer Officer under this Article VSection 17; and the Company, by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to any person Person who is or was not a Manager, officerOfficer, employee or agent of the Company but who is or was serving at the request of the Company as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such person Person and incurred by such person Person in such a capacity or arising out of such personPerson’s status as such to the same extent and subject to the same conditions that the Company may indemnify and pay any advance expenses to any Manager or officer Officer under this Article V.Section 17.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC)

Indemnification of Employees and Agents. The Company by adoption of a resolution may, as determined by the Board of Managers, may indemnify and pay and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and pay and advance expenses to any Manager or officer Managers and officers under this Article VIX; and the CompanyCompany may, by adoption of a resolution as determined by the Board of Managers, may indemnify and pay and advance expenses to any person Person who is not or was not a Manager, officer, employee or agent of the Company but who is or was serving at the request of the Company as a member, managerManager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, company or partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such person Person and incurred by such person Person in such a capacity or arising out of such person’s Person's status as such to the same extent and subject to the same conditions that the Company may indemnify and pay any and advance expenses to any Manager or officer Managers under this Article V.IX.

Appears in 1 contract

Samples: Agreement of Limited Liability Company (Scotia Pacific Co LLC)

Indemnification of Employees and Agents. The Company by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to any Manager or officer under this Article V; and the Company, by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to any person who is not or was not a Manager, officer, employee or agent of the Company but who is or was serving at the request of the Company as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such person and incurred by such person in such a capacity or arising out of such person’s status as such to the same extent and subject to the same conditions that the Company may indemnify and pay any advance expenses to any Manager or officer under this Article V.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC)

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Indemnification of Employees and Agents. The Company by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to any Manager or officer Officer under this Article VXII; and the Company, by adoption of a resolution by the Board of Managers, may indemnify and advance expenses to any person Person who is or was not a Manager, officerOfficer, employee or agent of the Company but who is or was serving at the request of the Company as a member, manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, partnership, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such person Person and incurred by such person Person in such a capacity or arising out of such person’s Person's status as such to the same extent and subject to the same conditions that the Company may indemnify and pay any advance expenses to any Manager or officer Officer under this Article V.XII.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Txu Energy Co LLC)

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