merged in operating agreement

This commit is contained in:
2021-08-22 12:09:33 -05:00
parent 8c9964f6a0
commit acc5e035c7
31 changed files with 403 additions and 75 deletions

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@@ -5,10 +5,10 @@ To the fullest extent permitted by law, and subject to the limitations set
forth in this Section, and with, in each case, the Board Of Directors
prior approval:
* the Company may (at the Members sole discretion) indemnify each Director
or Member for any Adverse Consequences
that a Director or Member may suffer including, but not limited to, any
Director, or Member who, is to be made a party to any pending or
* the Company may (at the Members sole discretion) indemnify any or each Director
for any Adverse Consequences
that a Director may suffer including, but not limited to, any
Director who, is to be made a party to any pending or
completed action, suit or proceeding ("**Proceeding**"), any appeal
therein, or any inquiry or investigation preliminary thereto, solely by
reason of the fact that he or she is or was a Director, Member and was
@@ -16,13 +16,11 @@ acting within scope of duties or under the authority of the Company and
was not in breach of agreements or violating fiduciary responsibility
as determned by the Members;
* the Company may (at the Members sole discretion) pay a Director or Member for expenses
incurred by him or her:
* the Company may (at the Members sole discretion) pay a Director for expenses incurred by him or her:
(1) in advance of any deposition of a Proceeding to which such Director or Member is a party, and
(1) in advance of any deposition of a Proceeding to which such Director is a party, and
(2) in connection with his or her appearance as a witness or other participation in any
Proceeding.
(2) in connection with his or her appearance as a witness or other participation in any Proceeding.
Such indemnification may also include counsel fees.