Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member.
Appears in 57 contracts
Samples: Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)
Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a memberMember.
Appears in 29 contracts
Samples: Limited Liability (Real Brokerage Inc), Limited Liability Company Agreement (JLL JGW Distribution, LLC), Limited Liability Company Operating Agreement
Liability of Members. (a) All Except as otherwise provided by the Act or herein, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a membermember of the Company.
Appears in 7 contracts
Samples: Operating Agreement (Pzena Investment Management, Inc.), Limited Liability Company Agreement (Manning & Napier, Inc.), Operating Agreement (Pzena Investment Management, Inc.)
Liability of Members. (a) All Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a membermember of the Company.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Global Engine Manufacturing Alliance LLC), Limited Liability Company Agreement (Global Engine Manufacturing Alliance LLC), Limited Liability Company Agreement (Benefit Holding, Inc.)
Liability of Members. (a) All Except as otherwise provided in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort tort, or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a memberMember of the Company.
Appears in 5 contracts
Samples: Exclusive License Agreement (Texas Rare Earth Resources Corp.), Limited Liability Company Agreement (Lorus Therapeutics Inc), Operating Agreement (Norhart Invest LLC)
Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, Company and no member Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a memberMember. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Members for liabilities of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CHS Inc), Limited Liability Company Agreement (CF Industries Holdings, Inc.), Limited Liability Company Agreement (CF Industries Holdings, Inc.)
Liability of Members. (a) All all debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)
Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, Company and no member Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a memberMember.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Liability of Members. (a) All The debts, obligations obligations, and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member Member, Manager, officer, or agent of the Company shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a memberMember, Manager, officer and/or agent. No Member shall be liable to the Company or to any other Member to reimburse any other Member for any portion of such other Member’s investment in the Company.
Appears in 2 contracts
Samples: Annex A (Biotech Co LLC), Annex A (Bioceres Group PLC)
Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member.Company
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Arbor Realty Trust Inc)
Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a membermember of the Company.
Appears in 1 contract
Liability of Members. (a) All Except as otherwise expressly required by law, all debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no member Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a memberMember.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Charterhouse Equity Partners Ii Lp)
Liability of Members. (a) All The debts, obligations obligations, and liabilities -------------------- of the Company, whether arising in contract, tort tort, or otherwise, shall be solely the debts, obligations obligations, and liabilities of the Company, and no member Member shall be obligated personally for any such debt, obligation obligation, or liability of the Company solely by reason of being a memberMember of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mirant Mid Atlantic LLC)
Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company. No Member shall have any personal liability whatsoever in such Member’s capacity as such whether to the Company, and no member shall be obligated personally for to any such debtof the other Members, obligation or liability to the creditors of the Company solely by reason or to any other third party, for the debts, liabilities, commitments or any other obligations of being a memberthe Company or for any losses of the Company.
Appears in 1 contract
Samples: Operating Agreement
Liability of Members. (a) All The debts, obligations and obligations, or other liabilities of the Company, whether arising in contract, tort tort, or otherwise, shall be are solely the debts, obligations and obligations, or other liabilities of the Company, and no member shall be obligated personally for any such debtdo not become the debts, obligation obligations, or liability other liabilities of the Company a Member solely by reason of the Member acting as or being a memberMember.
Appears in 1 contract
Samples: Operating Agreement
Liability of Members. (a) All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not, and if additional members are admitted, no member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member.
Appears in 1 contract
Liability of Members. (a) All The debts, obligations obligations, and liabilities of the Company, whether arising in contract, tort tort, or otherwise, shall be are solely the debts, obligations obligations, and liabilities of the Company, . A Member is not and no member shall not be obligated personally liable for any such a debt, obligation obligation, or liability of the Company solely by reason of being or acting as a memberMember.
Appears in 1 contract
Samples: Operating Agreement (Visual Management Systems Inc)
