Exculpation of Liability. Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Med Diversified Inc), Limited Liability Company Agreement (Honda Titling D Lp), Limited Liability Company Agreement (E-Medsoft Com)
Exculpation of Liability. Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member or Manager shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member or Manager of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Ryder Truck Rental I Lp), Ryder Funding Ii Lp, Ryder Funding Ii Lp
