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.PD BACKGROUND REPORT (PL-SMA-2024-000047)
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.PD BACKGROUND REPORT (PL-SMA-2024-000047)
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Last modified
3/22/2024 12:59:21 PM
Creation date
3/22/2024 12:58:18 PM
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Plan Doc Template
Document Date
3/1/2024
Related Permits
PL-SMA-2024-000047
Permit Number
PL-SMA-2024-000047
Parcel Number
150590490000
Description
PD BACKGROUND REPORT (PL-SMA-2024-000047)
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Company, or was or is serving at the request of the Company as a director, Governor, <br /> officer, employee, representative or other agent of another limited liability company, <br /> corporation, partnership,joint venture, trust, or other enterprise (each such Person is <br /> referred to as a "Company Agent"), against Expenses (as that term is defined below), <br /> judgments, fines, settlements, and other amounts (collectively,"Damages") to the <br /> maximum extent now or hereafter permitted under Colorado law. "Proceeding," as <br /> used in this Article 9, means any threatened, pending, or completed action, proceeding, <br /> individual claim or matter within a proceeding,whether civil, criminal, administrative, <br /> or investigative. "Expenses," as used in this Article 9, includes, without limitation, court <br /> costs, reasonable attorney and expert fees,and any expenses incurred relating to <br /> establishing a right to indemnification, if any,under this Article 9. <br /> 9.2 Mandatory. The Company must defend, indemnify and hold harmless a <br /> Company Agent in connection with a Proceeding in which such Company Agent is <br /> involved if, and to the extent, Colorado law requires that a limited liability company <br /> indemnify a Company Agent in connection with a Proceeding. <br /> 9.3 Expenses Paid by the Company Prior to Final Disposition. Expenses of <br /> each Company Agent indemnified or held harmless under this Agreement that are <br /> actually and reasonably incurred in connection with the defense or settlement of a <br /> Proceeding may be paid by the Company in advance of the final disposition of a <br /> Proceeding if authorized by a vote of the Members that are not seeking indemnification <br /> holding a majority of the Voting Interests (excluding the Voting Interest of the <br /> Company Agent seeking indemnification). Before the Company makes any such <br /> payment of Expenses, the Company Agent seeking indemnification must deliver a <br /> written undertaking to the Company stating that such Company Agent will repay the <br /> applicable Expenses to the Company unless it is ultimately determined that the <br /> Company Agent is entitled or required to be indemnified and held harmless by the <br /> Company (as set forth in Sections 9.1 or 9.2 above or as otherwise required by <br /> applicable law). <br /> ARTICLE 10: GENERAL PROVISIONS <br /> 10.1 Notice. (a) Any notices (including requests, demands, or other <br /> communications) to be sent by one party to another party in connection with this <br /> Agreement must be in writing and delivered personally,by reputable overnight courier, <br /> or by certified mail (or equivalent service offered by the postal service from time to <br /> time) to the following addresses or as otherwise notified in accordance with this <br /> Section: (i) if to the Company,notices must be sent to the Company's principal <br /> executive office; and (ii) if to a Member,notices must be sent to the Member's last <br /> -10- <br />
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