Common use of Mandatory Indemnification Clause in Contracts

Mandatory Indemnification. To the extent that a Member, Director, officer, employee, or agent of the Company has been successful on the merits or otherwise in defense of an action, suit, or proceeding described in Section 7.5(a) or in defense of any claim, issue, or other matter in such action, suit or proceeding, such person shall be indemnified against actual and reasonable expenses, including reasonable attorney fees, incurred by such person in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnification.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (ET Wayne Finance, L.L.C.)

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Mandatory Indemnification. To the extent that a Manager, Member, Director, officer, employee, employee or agent of the Company has been successful on the merits or otherwise in defense of an any action, suit, suit or proceeding described in Section 7.5(a) hereunder, or in defense of any claim, issueissue or matter therein, he or other matter in such action, suit or proceeding, such person shall she must be indemnified by the Company against actual and reasonable expenses, including reasonable attorney attorneys’ fees, actually and reasonably incurred by such person him or her in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnificationdefense.

Appears in 5 contracts

Samples: Operating Agreement (Real Street Build-to-Rent Fund I, LLC), Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC)

Mandatory Indemnification. To the extent that a Member, Director, officer, employee, or agent of the Company has been successful on the merits or otherwise in defense of an action, suit, or proceeding described in Section 7.5(a) or in defense of any claim, issue, or other matter in such action, suit or proceeding, such person shall Person shall, to the fullest extent permitted by law, be indemnified against actual and reasonable expenses, including reasonable attorney fees, incurred by such person Person in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnification.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (World Omni LT), Limited Liability Company Agreement (World Omni LT), Limited Liability Company Agreement (World Omni LT)

Mandatory Indemnification. To the extent that a Member, Directordirector, officer, employee, employee or agent of the Company has been successful on the merits or otherwise in defense of an any action, suit, suit or proceeding described referred to in Section 7.5(a) 1 of this Article VIII, or in defense of any claim, issueissue or matter therein, or other matter in such action, suit or proceeding, such person the Company shall be indemnified indemnify him against actual and reasonable expenses, including reasonable attorney fees, attorneys' fees actually and reasonably incurred by such person him in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnificationdefense.

Appears in 2 contracts

Samples: Plan and Agreement of Merger (Capitol Group Holdings Corp), Plan and Agreement of Merger (Us Microbics Inc)

Mandatory Indemnification. To the extent that a Manager, Member, Director, officer, employee, employee or agent of the Company has been successful on the merits or otherwise in defense of an any action, suit, suit or proceeding described in Section 7.5(aSections 24(b) or (c), or in defense of any claim, issueissue or matter therein, he or other matter in such action, suit or proceeding, such person shall she must be indemnified by the Company against actual and reasonable expenses, including reasonable attorney attorneys' fees, actually and reasonably incurred by such person him or her in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnificationdefense.

Appears in 1 contract

Samples: Operating Agreement (EvolveX Equity Fund LLC)

Mandatory Indemnification. To the extent that a Manager, Member, Director, officer, employee, or agent of the Company has been successful on the merits or otherwise in defense of an any action, suit, suit or proceeding described in Section 7.5(a) 14.1 and Section 14.2, or in defense of any claim, issue, or other matter in such actiontherein, suit he or proceeding, such person shall she must be indemnified by the Company against actual and reasonable expenses, including reasonable attorney attorneys' fees, actually and reasonably incurred by such person him or her in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnificationdefense.

Appears in 1 contract

Samples: Operating Agreement (Benchmark Real Estate Investment Fund, LLC)

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Mandatory Indemnification. To the extent that a Member, Director, officer, employee, or agent of the Company has been successful on the merits or otherwise in defense of an action, suit, or proceeding described in Section 7.5(a) or in defense of any claim, issue, or other matter in such action, suit or proceeding, such person Person shall be indemnified against actual and reasonable expenses, including reasonable attorney fees, incurred by such person Person in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnification.

Appears in 1 contract

Samples: Limited Liability Company Agreement (World Omni Auto Leasing LLC)

Mandatory Indemnification. To the extent that a Member, Director, officer, employee, or agent of the Company has been successful on the merits or otherwise in defense of an action, suit, or proceeding described in Section 7.5(a) 7.4.1 or in defense of any claim, issue, or other matter in such action, suit or proceeding, such person shall be indemnified against actual and reasonable expenses, including reasonable attorney fees, incurred by such person in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnification.

Appears in 1 contract

Samples: Nominee Agreement (Sl Green Realty Corp)

Mandatory Indemnification. To the extent that a Manager, Member, Director, officer, employee, or agent of the Company has been successful on the merits or otherwise in defense of an any action, suit, suit or proceeding described in Section 7.5(a) 14.1 and Section 14.2, or in defense of any claim, issueissue or matter involving the Company or its property, he or other matter in such action, suit or proceeding, such person shall she must be indemnified by the Company against actual and reasonable expenses, including reasonable attorney attorneys’ fees, actually and reasonably incurred by such person him or her in connection with the action, suit, proceeding and any action, suit or proceeding brought to enforce such mandatory indemnificationdefense.

Appears in 1 contract

Samples: Operating Agreement (Xiv-I Invest 1, LLC)

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