Common use of Liability of the Fund Clause in Contracts

Liability of the Fund. Man understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Member or any person serving on the Board (a "Manager") personally, but bind only the Fund and the Fund's property. Man represents that it has notice of the provisions of the Fund's Limited Liability Company Agreement disclaiming Member and Manager liability for acts and obligations of the Fund.

Appears in 2 contracts

Samples: Investor Servicing Agreement (Man Glenwood Lexington Tei LLC), Servicing Agreement (Man Glenwood Lexington LLC)

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Liability of the Fund. Man understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Member member of the Fund (a "Member") or any person serving on the Board (a "Manager") personally, but bind only the Fund and the Fund's property. Man represents that it has notice of the provisions of the Fund's Limited Liability Company Agreement disclaiming Member and Manager liability for acts and obligations of the Fund.

Appears in 2 contracts

Samples: Man Glenwood Lexington Tei LLC, Man Glenwood Lexington Tei LLC

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