Exculpation/Member Indemnification. Except as described in Section 10.01 or as otherwise provided herein, no Member shall be liable to any other Member or the Company for (i) any act or omission performed or omitted in good faith, or (ii) the negligence, dishonesty or bad faith of any agent, consultant or broker of the Company selected, engaged or retained by the Company in good faith.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Creative Media & Community Trust Corp), Limited Liability Company Operating Agreement (Creative Media & Community Trust Corp)