Common use of Liability for Debts of the Company Clause in Contracts

Liability for Debts of the Company. Except as prohibited by the Law, neither the Member, any of the Managers nor any of the Member's or Mangers' officers, partners, employees, agents, successors or assigns, shall be liable, responsible or accountable to the Company, in damages or otherwise, for breach of any duty or obligation to the Company in the Member's or such other person's capacity as a manager of the Company.

Appears in 6 contracts

Samples: Operating Agreement (LNT Leasing II, LLC), Operating Agreement (LNT Leasing II, LLC), Operating Agreement (LNT Leasing II, LLC)

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