Indemnification of Member. The Member, its shareholders, members, partners, Affiliates, officers, directors, employees, agents and assigns, shall not be liable for, and shall be indemnified and held harmless (to the extent of the Company’s assets) from, any loss or damage incurred by them, the Company or the Member in connection with the business of the Company, including costs and reasonable attorneys’ fees and any amounts expended in the settlement of any claims of loss or damage resulting from any act or omission performed or omitted.
Appears in 5 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Cottonwood Multifamily Opportunity Fund, Inc.), Limited Liability Company Agreement (Cottonwood Multifamily Development REIT I, Inc.)
Indemnification of Member. The Member, its shareholders, members, partners, Affiliates, officers, directors, partners, employees, agents and assigns, shall not be liable for, and shall be indemnified and held harmless (to the extent of the Company’s 's assets) from, any loss or damage incurred by them, the Company or the Member in connection with the business of the Company, including costs and reasonable attorneys’ ' fees and any amounts expended in the settlement of any claims of loss or damage resulting from any act or omission performed or omitted.
Appears in 1 contract
Sources: Company Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)