SOF III - 1081 Southern Financial LLC (b) Notwithstanding any other provision of this Agreement or otherwise applicable provision of law or equity, to the fullest extent permitted by law, whenever in this Agreement the General Partner or Investment Manager is permitted or required to make a decision (i) in its "sole discretion" or in its "discretion" or under a similar grant of authority or latitude, the General Partner or Investment Manager shall be entitled to consider only such interests and factors as it desires, and may consider its own interests and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Partnership or the Limited Partners, or (ii) in its "good faith" or under another express standard, to the fullest extent permitted by applicable law, the General Partner or Investment Manager shall act under such express standard and shall not be subject to any other or different standard. Section 9.03. Indemnification. To the fullest extent permitted by applicable law, the Partnership shall indemnify and hold harmless each of the Indemnified Persons from and against any and all liabilities, obligations, losses, damages, fines, taxes and interest and penalties thereon, claims, demands, actions, suits, proceedings (whether civil, criminal, administrative, investigative or otherwise), costs, expenses and disbursements (including legal and accounting fees and expenses, costs of investigation and sums paid in settlement) of any kind or nature whatsoever and howsoever arising (collectively, "Claims and Expenses") which may be imposed on, incurred by or asserted at any time against such Indemnified Person in any way related to or arising out of this Agreement, the Partnership, the Master Fund or the management or administration of the Partnership or in connection with the business or affairs of the Partnership or the activities of such Indemnified Person on behalf of the Partnership (including s