Company Debt Liability. A Member will not personally be liable for any debts or losses of the Company, except as provided herein or in the Act.
Appears in 5 contracts
Samples: Operating Agreement (Wellsford Real Properties Inc), Operating Agreement (Wellsford Real Properties Inc), Assignment of Interest (Wellsford Real Properties Inc)
Company Debt Liability. A The Member will shall not be personally be liable for any debts debts, obligations or losses of the Company beyond its capital contributions to the Company and its pro rata portion of the Company, except as provided herein or in the Act’s undistributed profits.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Company Debt Liability. A Member will not be personally be liable for any debts or losses of the CompanyCompany beyond its respective Capital Contributions and any obligation of the Member under Section VI to make Capital Contributions, except as provided herein or in the Actotherwise required by law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Student Loan Funding LLC), Limited Liability Company Agreement (Student Loan Funding LLC)
Company Debt Liability. A The Member will shall not be personally be liable for any debts debts, obligations or losses of the Company beyond its capital contributions to the Company and its pro rata portion of the Company, except as provided herein or in the Act.’s undistributed profits.
Appears in 1 contract
Company Debt Liability. A The Member will shall not be personally be liable for any debts debts, obligations or losses of the Company beyond its capital contributions to the Company and its pro rata portion of the Company, except as provided herein or in the Act.’s undistributed profits.
Appears in 1 contract
Samples: Operating Agreement
