Liability for Certain Acts. No Manager shall be liable to the Company or to a Member for any loss or damage sustained by the Company or a Member (or successor thereto), except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or breach of this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Sligo Partners LLC), Operating Agreement (Sligo Partners LLC)
Liability for Certain Acts. No The Manager shall not be liable to the Company or to a any Member or officer for monetary damages for any loss losses, claims, damages or damage sustained liabilities arising from any act or omission performed or omitted by him or her arising out of or in connection with this Agreement or the Company Company’s business or a Member (or successor thereto)affairs, except any losses, claims, damages or liabilities primarily attributable to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, misconduct or breach of this Agreementbad faith by the Manager.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Cig Wireless Corp.), Limited Liability Company Agreement (Grant Park Futures Fund Limited Partnership)
Liability for Certain Acts. No The Manager shall not be liable to the Company or to a the Member for any loss or damage sustained by the Company or a the Member (or successor thereto), except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or breach of this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Capitalsource Holdings LLC), Operating Agreement (Capitalsource Holdings LLC)
Liability for Certain Acts. No Manager or Officer shall be liable to the Company or to a the Member for any loss or damage sustained by the Company or a Member (or successor thereto)the Member, except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or willful breach of this AgreementAgreement by such Manager or Officer.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Northrop Grumman Corp /De/), Limited Liability Company Agreement (Northrop Grumman Corp /De/)
Liability for Certain Acts. No Manager shall be liable to the Company or to a the Member for any loss or damage sustained by the Company or a Member (or successor thereto)the Member, except to the extent, if any, that unless the loss or damage shall have been the result of gross negligence, fraud, deceit, gross negligence, willful misconduct, or breach of this AgreementAgreement or a wrongful taking by the Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tronox Pigments Australia Holdings Pty LTD)
Liability for Certain Acts. No Manager shall be liable to the Company or to a any Member for any loss or damage sustained by the Company or a any Member (or successor thereto), except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or breach of this Agreement.
Appears in 1 contract
Liability for Certain Acts. No Manager The Managers shall not be liable to the Company or to a any Member or Assignee for any loss or damage sustained by the Company or a any Member (or successor thereto)Assignee, except to the extent, if any, that unless the loss or damage shall have been the result of gross negligence, fraud, deceit, gross negligence, willful misconduct, or breach of this AgreementOperating Agreement or a wrongful taking by the Manager.
Appears in 1 contract
Samples: Operating Agreement (Tb Woods Corp)
Liability for Certain Acts. No Manager shall be liable to the Company or to a the Member for any loss or damage sustained by the Company or a Member (or successor thereto)the Members, except to the extent, if any, that unless the loss or damage shall have been is the result of gross negligence, fraud, deceit, gross negligence, willful misconduct, or breach of this AgreementAgreement or a wrongful taking by the Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Triple S Minerals Resources Corp)
