Liability of Authorized Officers. To the fullest extent permitted by Applicable Law, no Authorized Officer will be personally liable to the Company, the Member, or any other Person bound by this Agreement for any breach of its duties as an Authorized Officer, except for acts or omissions that involve intentional misconduct, gross negligence or a knowing violation of the law.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (ACAR Leasing Ltd.), Limited Liability Company Agreement (ACAR Leasing Ltd.), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-2)
Liability of Authorized Officers. To the fullest extent permitted by Applicable Law, no Authorized Officer will be personally liable to the Company, the Member, Member or any other Person bound by this Agreement for any breach of its duties as an Authorized Officer, except for acts or omissions that involve intentional misconduct, gross negligence or a knowing violation of the law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Daimler Trust), Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (Daimler Retail Receivables LLC)
Liability of Authorized Officers. To the fullest extent permitted by Applicable Lawapplicable law, no Authorized Officer will be personally liable to the Company, any Series, the Member, any Holder or any other Person bound by this Agreement for any breach of its duties as an Authorized Officer, except for acts or omissions that involve intentional misconduct, gross negligence or a knowing violation of the law.
Appears in 4 contracts
Samples: Titling Company Agreement (Nissan Auto Leasing LLC Ii), Titling Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii)
Liability of Authorized Officers. To the fullest extent permitted by Applicable Law, no Authorized Officer will be personally liable to the Company, the Member, any Holder, any Registered Pledgee or any other Person bound by this Agreement Titling Company Noteholder for any breach of its duties as an Authorized Officer, except for acts or omissions that involve intentional misconduct, gross negligence or a knowing violation of the law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CAB West LLC), Limited Liability Company Agreement (CAB West LLC)
Liability of Authorized Officers. To the fullest extent permitted by Applicable Law, no Authorized Officer will be personally liable to the Company, the Member, Member or any other Person bound by this Agreement for any breach of its duties as an Authorized Officer, except for acts or omissions that involve intentional misconduct, gross negligence or a knowing violation of the law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (California Republic Funding LLC)
Liability of Authorized Officers. To the fullest extent permitted by Applicable Law, no Authorized Officer will be personally liable to the Company, the Member, or any other Person bound by this Agreement for any breach of its duties as an Authorized Officer, except for acts or omissions that involve intentional misconduct, gross negligence or a knowing violation of the law.
Appears in 1 contract
