Common use of Liability of Members and Directors Clause in Contracts

Liability of Members and Directors. No Member or Director shall have any liability under this Agreement or under the Delaware Act except as provided in Section 1.08 or elsewhere herein or as required by the Delaware Act. Except as required by the Delaware Act, the debts, obligations and liabilities of LLC, whether arising in contract, tort or otherwise (including without limitation those arising as member, owner or shareholder of another company, partnership or entity), shall be solely the debts, obligations and liabilities of LLC, and no Member or Director shall be obligated personally for any such debt, obligation or liability of LLC solely by reason of being a Member or acting as a Director of LLC. No Member or Director shall be liable for any debts, obligations and liabilities, whether arising in contract, tort or otherwise, of any other Member or Director.

Liability of Members and Directors. No Member or Director shall have any liability under this Agreement or under the Delaware Act except as provided in Section 1.08 2.5 or elsewhere herein or as required by the Delaware Act. Except as required by the Delaware Act, the debts, obligations and liabilities of LLCthe Company, whether arising in contract, tort or otherwise (including without limitation those arising as member, owner or shareholder of another company, partnership or entity), shall be solely the debts, obligations and liabilities of LLCthe Company, and no Member or Director shall be obligated personally for any such debt, obligation or liability of LLC the Company solely by reason of being a Member or acting as a Director of LLCthe Company. No Member or Director shall be liable for any debts, obligations and liabilities, whether arising in contract, tort or otherwise, of any other Member or Director.

Liability of Members and Directors. No Member or Director shall have any liability under this Agreement or under the Delaware Act except as provided in Section 1.08 or elsewhere herein or as required by the Delaware Act. Except as required by the Delaware Act, the debts, obligations and liabilities of LLCIOC, whether arising in contract, tort or otherwise (including without limitation those arising as member, owner or shareholder of another company, partnership or entity), shall be solely the debts, obligations and liabilities of LLCIOC, and no Member or Director shall be obligated personally for any such debt, obligation or liability of LLC IOC solely by reason of being a Member or acting as a Director of LLCIOC. No Member or Director shall be liable for any debts, obligations and liabilities, whether arising in contract, tort or otherwise, of any other Member or Director.