Common use of Liability of Directors Clause in Contracts

Liability of Directors. The Directors shall not be liable for any debt, obligation, or liability of the Company, including a debt, obligation, a liability under a judgment, decree or order of a court.

Appears in 4 contracts

Samples: Company Agreement (Entergy Arkansas Inc), Company Agreement (Entergy Gulf States Louisiana, LLC), Company Agreement (Entergy Mississippi Inc)

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Liability of Directors. The Directors Except as set forth in Section 3.12, no Director shall not be personally liable for any debtthe debts, obligation, obligations or liability liabilities of the Company, including a debtany such debts, obligation, a liability obligations or liabilities arising under a judgment, decree or order of a courtcourt and shall not be required to lend or advance any funds to the Company.

Appears in 2 contracts

Samples: Operating Agreement (NTL Triangle LLC), Operating Agreement (NTL Triangle LLC)

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Liability of Directors. The Directors shall not be liable for any debt, obligation, or liability of the Company, including a debt, obligation, a or liability under a judgment, decree or order of a court.

Appears in 1 contract

Samples: Texas Limited Liability Company (Entergy New Orleans, Inc)

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