ASSETS OF THE LLC. Any indemnification under Section 11.1 shall be satisfied solely out of the assets of the LLC. No Member shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 7 contracts
Samples: Limited Liability Company Operating Agreement (Emvelco Corp.), Limited Liability Company Operating Agreement (Euroweb International Corp), Limited Liability Company Operating Agreement (Euroweb International Corp)
ASSETS OF THE LLC. Any indemnification under Section 11.1 12.1.1 shall be satisfied solely out of the assets of the LLC. No Member shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.)
ASSETS OF THE LLC. Any indemnification under Section 11.1 10.1 shall be satisfied solely out of the assets of the LLC. No Member shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NBC Internet Inc), Limited Liability Company Agreement (Cnet Inc /De)
ASSETS OF THE LLC. Any indemnification under Section 11.1 shall be satisfied solely out of the assets of the LLC. No The Member shall not be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 2 contracts
Samples: Company Agreement (Citi TeeVee LLC), Company Agreement (Citi TeeVee LLC)
ASSETS OF THE LLC. Any indemnification under Section 11.1 111 shall be satisfied solely out of the assets of the LLC. No Member shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (G&l Realty Corp)
ASSETS OF THE LLC. Any indemnification under Section 11.1 12.1 shall be ----------------- satisfied solely out of the assets of the LLC. No Member shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Demattos Carlos D)
ASSETS OF THE LLC. Any indemnification under Section 11.1 13.1 shall be satisfied solely out of the assets of the LLC. No Member shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Imx Pharmaceuticals Inc)
