Common use of Liability of Managers Clause in Contracts

Liability of Managers. No Manager of the Company shall be personally liable for any debts, liabilities, or obligations of the Company, including under a judgment, decree, or order of the court.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/)

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Liability of Managers. No person who is a Manager of the Company shall be personally liable under any judgment of a court, or in any other manner, for any debtsdebt, liabilitiesobligation, or obligations liability of the Company, including under a judgmentwhether that liability or obligation arises in contract, decreetort, or order otherwise, solely by reason of being a Manager of the courtCompany.

Appears in 10 contracts

Samples: Operating Agreement (MacroShares $100 Oil Up Trust), Operating Agreement (Claymore MACROshares Oil Up Holding Trust), Operating Agreement (Claymore MACROshares Oil Down Holding Trust)

Liability of Managers. No Manager of the Company shall be personally liable for any debts, liabilities, or obligations of the Company, including under a judgment, judgment decree, or order of the court.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Kinetic Concepts Inc /Tx/), Limited Liability Company Agreement (KCI Animal Health, LLC), Limited Liability Company Agreement (Kinetic Concepts Inc /Tx/)

Liability of Managers. No A Manager of shall have no individual liability whatsoever, whether to the Company shall be personally liable for any debtsCompany, liabilities, to the Member or obligations to the creditors of the Company, including under a judgment, decree, or order for the debts of the courtCompany or any of its losses or liabilities, except to the extent specifically set forth in the Act.

Appears in 2 contracts

Samples: Operating Agreement (Westmoreland Energy LLC), Operating Agreement (Westmoreland Energy LLC)

Liability of Managers. No Manager of the Company shall be personally liable for any debts, liabilities, or obligations of the Company, including under a judgment, decree, or order of the court.. ---------------------

Appears in 2 contracts

Samples: Contribution Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/)

Liability of Managers. No Manager of the Company shall be personally liable for any debts, liabilities, or obligations of the Company, including under a judgment, decree, or order of the court, except as expressly provided otherwise in an agreement between the Manager and the Company or another party.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/)

Liability of Managers. No Individual who is a Manager of the Company shall be personally liable under any judgment of a court for any debtsdebt, liabilitiesobligation, or obligations liability of the Company, including under a judgmentwhether that liability or obligation arises in contract, decreetort, or order otherwise, solely by reason of being a Manager of the courtCompany.

Appears in 1 contract

Samples: Operating Agreement (Terra Investment Fund LLC)

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Liability of Managers. No Manager The Managers shall have no individual liability whatsoever in their capacities as Managers, whether to the Company, to any of its Members or to the Company shall be personally liable for any debts, liabilities, or obligations creditors of the Company, including under a judgment, decree, or order for the debts of the courtCompany or any of its losses or liabilities, except to the extent specifically set forth in the Act.

Appears in 1 contract

Samples: Operating Agreement (M Funds Trust)

Liability of Managers. No person who is a Manager of the Company shall be personally liable under any judgment of a court, or in any other manner, for any debtsdebt, liabilitiesobligation, or obligations liability of the Company, including under a judgmentwhether that liability or obligation arises in contract, decreetort, or order otherwise, solely be reason of being a Manager of the courtCompany.

Appears in 1 contract

Samples: Operating Agreement (MACRO Securities Depositor, LLC)

Liability of Managers. No Manager of the Company shall be personally liable for any debts, liabilities, or the --------------------- debts and obligations of the Company, including under a judgment, decree, or order of the court.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nm Licensing LLC)

Liability of Managers. No Manager of the Company shall be --------------------- personally liable for any debts, liabilities, or obligations of the Company, including under a judgment, decree, or order of the court.

Appears in 1 contract

Samples: Contribution Agreement (Prime Medical Services Inc /Tx/)

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