Exculpation. Pursuant to Section 29-3304 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this Agreement.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29Sections 18-3304 2017 and 18-2022 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 18-2016 and 18-2030 of the Act.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 322C.0304 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 322C.0405 and 322C.0409 of this Agreementthe Act.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 4042 of the ActStatutes, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 4056 and 4059 of this Agreementthe Statutes.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 489.304 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this AgreementAgreement or Sections 489.406 or 489.409 of the Act.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 Sections 86.371 and 86.391 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Section 86.298 of the Act.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2910-3304 10 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this AgreementAgreement or Sections 15-3 or 25-35 of the Act.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 1706.26 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Section 1706.31 of this Agreementthe Act.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 297-3304 80-705 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member Members which causes or results in loss or damage to the CompanyCompany or the other Members, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Section 7-80-404 of this Agreementthe Act.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2923-3304 18-3-3 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 23-18-2-2 and 23-18-4-10 of the Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 Sections 12:1314, 12:1315, and 12:1320 of the ActLaw, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Section 12:1314 of this Agreementthe Law.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2948-3304 3a-304 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the a Member which causes or results in loss or damage to the CompanyCompany or the Members, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Sections 48-3a-407 or 48-3a-409 of this Agreementthe Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29428-3304 302 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 428-406 or 428-409 of the Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2948-3304 3a-304 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Sections 48-3a-407 or 48-3a-409 of this Agreementthe Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2917-3304 7688 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 17-76,110 and 17-76,134 of this Agreementthe Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29Sections 35-3304 8-304 and 35-8-306 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Section 35-8-310 of this Agreementthe Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 10.50.265 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 10.50.135 and 10.50.305 of the Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 42:2C-30 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 42:2C-35 and 42:2C-39 of the Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 322C.0304 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 322C.0405 and 322C.0409 of the Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2923-3304 18-3-3 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this AgreementAgreement or Sections 23-18-2-2 and 23-18-4-10 of the Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 29–803.04 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 29–804.05 and 29–804.09 of the Act.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 Sections 409 and 609 of the ActLaw, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Section 409 of this Agreementthe Law.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2913.1-3304 1019 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 13.1-1024.1, 13.1-1025 and 13.1-1035 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 297-3304 16-23 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 7-16-17 and 7-16-31 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 1559 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this Agreement.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29428-3304 302 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this AgreementAgreement or Sections 428-406 or 428-409 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2934-3304 251a of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 34-255d and 34-255h of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 Sections 86.371 and 86.391 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Section 86.298 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 10.50.265 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 10.50.135 and 10.50.305 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29Sections 304-3304 C:23 and 304-C:115 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 304-C:93, 304-C:108, and 304-C:110 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2910-3304 32.1-26 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 10-32.1-31 and 10-32.1-41 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 29–803.04 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 29–804.05 and 29–804.09 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 8834 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this AgreementAgreement or Section 8849.1 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 297-3304 16-23 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 7-16-17 and 7-16-31 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29Sections 18-3304 2017 and 18-2022 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 18-2016 and 18-2030 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2931B-3-3304 303 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 31B-4-406 and 31B-4-409 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 25.15.126 of the ActCode, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member Members which causes or results in loss or damage to the CompanyCompany or the other Members, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Section 25.15.038 of this Agreementthe Code.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2957D-3-3304 30 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 57D-3-21 or 57D-4-06 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 605.0304 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this Agreement.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 17703.04 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member Members which causes or results in loss or damage to the CompanyCompany or the other Members, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Section 17704.09 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 294-3304 38-304 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 4-38-405 and 4-38-409 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 347.057 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 347.088 and 347.109 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 42:2C-30 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 42:2C-35 and 42:2C-39 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2913.1-3304 1019 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 13.1-1024.1, 13.1-1025, and 13.1- 1035 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member Members which causes or results in loss or damage to the CompanyCompany or the other Members, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Sections 29-3407 or 29-3409 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2934-3304 251a of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 34-255d and 34-255h of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2910-3304 32.1-26 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 10-32.1-31 and 10-32.1-41 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2953-3304 19-16 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member Members which causes or results in loss or damage to the CompanyCompany or the other Members, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Section 53-19-16 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 of 22of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member Members which causes or results in loss or damage to the CompanyCompany or the other Members, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV violate Section 63 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2918-3304 303 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this Agreement.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 63.165 of the Act, the no member Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV of this AgreementAgreement or Sections 63.140 or 63.155 of the Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 2921-3304 129 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 21-134 and 21-138 of this Agreementthe Act.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Exculpation. Pursuant to Section 29-3304 450.4501 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 450.4307 and 450.4404 of this Agreementthe Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 29-3304 183.0304 of the ActLaw, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 183.0402 and 183.0608 of this Agreementthe Law.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 2947-3304 34A-303 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 47-34A-406 or 47-34A-409 of the Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 29-3304 450.4501 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 450.4307 and 450.4404 of the Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 2931B-3-3304 303 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 31B-4-406 and 31B-4-409 of this Agreementthe Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 29-3304 3969 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 3564, 3977, and 3991 of this Agreementthe Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 2957D-3-3304 30 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 57D-3-21 or 57D-4-06 of the Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 294-3304 38-304 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 4-38-405 and 4-38-409 of this Agreementthe Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 29-3304 275.150 of the Act, the no Member will not shall be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV this Agreement or Sections 275.170 and 275.225 of this Agreementthe Act.
Appears in 1 contract
Sources: Operating Agreement
Exculpation. Pursuant to Section 29-3304 489.304 of the Act, the Member will not be personally liable, directly or indirectly, for any debt, obligation, or liability of the Company by sole reason of a being a Member. Any debt, obligation, or liability of the Company is strictly and solely the liability of the Company. Any act or omission by the Member which causes or results in loss or damage to the Company, if done in good faith to promote the best interests of the Company, will not subject the Member to any liability, so long as the Member’s conduct does not conflict with Article IV 4 of this AgreementAgreement or Sections 489.406 or 489.409 of the Act.
Appears in 1 contract
Sources: Operating Agreement