Company Debt Liability. Except as provided in Section 6.5 below or as otherwise required by law, a Member will not be personally liable for any debts or losses of the Company beyond the Member's respective Capital Contributions not yet returned and any obligation of the Member under Section 7 below to make Capital Contributions.
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Samples: Operating Agreement (Uag Mentor Acquisition LLC), Operating Agreement (United Auto Group Inc)
Company Debt Liability. Except as provided in Section 6.5 below or as otherwise required by law, a A Member will not be personally liable for any debts or losses of the Company beyond the Member's respective Capital Contributions not yet returned and any obligation of the Member under Section 7 below 5 to make Capital Contributions, except as provided by the LLC Law.
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Company Debt Liability. Except as provided in Section 6.5 below or as otherwise required by law, a Member will not be personally liable for any debts or losses of the Company beyond the Member's respective Capital Contributions not yet returned and any obligation of the Member under Section 7 below to make Capital Contributions.. 6.3
Appears in 1 contract
Samples: Operating Agreement
Company Debt Liability. Except as provided in Section 6.5 below or as otherwise required by law, a A Member will not be personally liable for any debts or losses of the Company beyond the Member's respective Capital Contributions not yet returned and any unpaid obligation of the Member under Section 7 7.2 below to make additional Capital Contributions.
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