BDC Facts & Stats | 18 
Managerial 
Services 
Compensation/Allocation of Costs and  
Expenses 
Indemnification 
Delegation 
Allowed 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
Yes 
Yes 
Costs and expenses incurred by the 
administrative agent in performing its 
obligations and providing personnel and 
facilities. 
Yes (except for 
willful 
misfeasance, 
bad faith or 
gross 
negligence). 
Yes 
s 
No 
Compensation to be agreed to from time to 
time; Reimbursement for reasonable out-
of-pocket costs. 
Yes (except for 
negligence, bad 
faith or willful 
misconduct). 
Yes 
e 
d 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
Yes 

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