Common use of Exculpation of Liability Clause in Contracts

Exculpation of Liability. Unless otherwise provide by law or expressly assumed, a person who is a Member or Manager, or both, shall not be liable for the acts, debts or liabilities of the LLC to third−parties−−i.e., persons other than the LLC or LLC Members.

Appears in 6 contracts

Samples: Operating Agreement, Operating Agreement, Sample LLC Operating Agreement

AutoNDA by SimpleDocs

Exculpation of Liability. Unless otherwise provide provided by law or expressly assumed, a person who is a Member or Manager, or both, shall not be liable for the acts, debts or liabilities of the LLC to third−parties−−i.eCompany., persons other than the LLC or LLC Members.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Exculpation of Liability. Unless otherwise provide provided by law or expressly assumed, a person Person who is a Member or Manager, or both, shall not be liable for the acts, debts or liabilities of the LLC to third−parties−−i.e.third-parties--i.e., persons Persons other than the LLC or LLC the Members.

Appears in 1 contract

Samples: Operating Agreement (ADial Pharmaceuticals, L.L.C.)

Exculpation of Liability. Unless otherwise provide by law or expressly assumed, a person who is a Member or Manager, or both, shall not be liable for the acts, debts or liabilities of the LLC to third−parties−−i.e.third parties − i.e., persons other than the LLC or LLC Members.

Appears in 1 contract

Samples: Operating Agreement

Exculpation of Liability. Unless otherwise provide by law or expressly assumed, a person who is a Member or Manager, or both, shall not be liable for the acts, debts or liabilities of the LLC to third−parties−−i.e.Third parties i.e., persons other than the LLC or LLC Members.

Appears in 1 contract

Samples: Operating Agreement (GDT TEK, Inc.)

AutoNDA by SimpleDocs

Exculpation of Liability. Unless otherwise provide provided by law or expressly assumed, a person who is a Member or Manager, or both, shall not be liable for the acts, debts or liabilities of the LLC to third−parties−−i.e.third-parties-i.e., persons other than the LLC or LLC Members.

Appears in 1 contract

Samples: Operating Agreement

Exculpation of Liability. Unless otherwise provide by law or expressly assumed, a person who is a Member or Manager, or both, shall not be liable for the acts, debts or liabilities of the LLC to third−parties−−i.ethird parties., persons other than the LLC or LLC Members.

Appears in 1 contract

Samples: Plan of Exchange (Moving Box Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.