Common use of Liability of the Member Clause in Contracts

Liability of the Member. The Member shall not be liable for the liabilities of the Company. 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 Member for liabilities of the Company.

Appears in 12 contracts

Samples: Operating Agreement (Jefferson Holdings Inc.), Operating Agreement (Jefferson Holdings Inc.), Operating Agreement (Jefferson Holdings Inc.)

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Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, manager, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 6 contracts

Samples: Operating Agreement (DG Retail, LLC), Operating Agreement (DG Retail, LLC), Operating Agreement (Dolgen I, Inc.)

Liability of the Member. The Member Member, solely by reason of being the Member, shall not be liable liable, under a judgment, decree or order of a court, or in any other manner, for the liabilities a debt, obligation or liability of the Company, whether arising in contract, tort or otherwise. 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 Member for liabilities of the Company. The Company is not intended to be a partnership.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Crestwood Equity Partners LP), Operating Agreement, Limited Liability Company Agreement (Inergy L P)

Liability of the Member. The Member shall not be liable for the liabilities of the Company. 6.2.1 The failure of the Company or the Member to observe any formalities or requirements relating to the exercise management or operation of its powers or management of its the Company’s business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the CompanyMember.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (Ameripath Indiana LLC), Limited Liability Company Operating Agreement (Ameripath Indiana LLC), Limited Liability Company Operating Agreement (Ameripath Indiana LLC)

Liability of the Member. The Member shall not be liable have any liability for any debt, obligation or liability of the Company or for the liabilities acts or omissions of any other member, director, officer, agent or employee of the CompanyCompany except to the extent expressly provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not not, by itself, be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 3 contracts

Samples: Operating Agreement (Resource Well Services, LLC), Operating Agreement (Atlas Energy Tennessee, LLC), Operating Agreement (APL SouthTex Pipeline Co LLC)

Liability of the Member. The Member shall not be liable have any liability for any debt, obligation or liability of the Company or for the liabilities acts or omissions of any other member, director, officer, agent or employee of the CompanyCompany except to the extent expressly required by the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not not, by itself, be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Cooke Bros Holdings LTD), Limited Liability Company Agreement (Cott Holdings Inc.)

Liability of the Member. The Member shall not be liable have any liability for the debts, obligations, or liabilities of the CompanyCompany or for the acts or omissions of any other member, officer, agent, or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Jewell Coal & Coke Company, Inc.), Limited Liability Company Agreement (Jewell Coal & Coke Company, Inc.)

Liability of the Member. The Member shall not be liable as such for the liabilities of the Company. 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 Operating Agreement or the Act shall not be grounds for imposing personal liability on the Member for the liabilities of the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Liability of the Member. The Member shall not be liable for the liabilities of the Company. 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 Member for liabilities of the Company.. #1158057v1 Operating Agreement Xxxxx Corning Science and Technology, LLC 5

Appears in 1 contract

Samples: Operating Agreement (Jefferson Holdings Inc.)

Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, director, officer, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member, either as a member or management manager of its business or affairs the Company, under this Agreement or the Act shall not not, by itself, be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 1 contract

Samples: Operating Agreement (Rice Drilling B LLC)

Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, director, officer, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 1 contract

Samples: Operating Agreement (DG Retail, LLC)

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Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the Company or for the acts or omissions of himself acting as a Member or President or in any other capacity and for any other member, officer, agent, or employee of the Company, except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 1 contract

Samples: Operating Agreement

Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, officer, agent, or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 1 contract

Samples: Operating Agreement (MDS Energy Public 2013-B Lp)

Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, officer, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.

Appears in 1 contract

Samples: Operating Agreement (APX Group Holdings, Inc.)

Liability of the Member. The Member Member, solely by reason of being the Member, shall not be liable liable, under a judgment, decree or order of a court, or in any other manner, for the liabilities a debt, obligation or liability of the Company, whether arising in contract, tort or otherwise. 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 Member for liabilities of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Buckeye GP Holdings L.P.)

Liability of the Member. The Member shall not be liable for the liabilities of the Company. 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 Member for liabilities of the Company.. #0000000x0 Operating Agreement Xxxxx Corning Fiberglas Technology II, LLC 5

Appears in 1 contract

Samples: Operating Agreement (Jefferson Holdings Inc.)

Liability of the Member. The To the fullest extent permitted by law, the Member shall not be personally liable either for the obligations, contracts, debts or liabilities of the Company solely by reason of being a Member of the Company. 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 Member for liabilities of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bcap LLC)

Liability of the Member. The Member shall not be personally liable for the liabilities of the Company. 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 Member for liabilities of the Company.

Appears in 1 contract

Samples: Operating Agreement (Jefferson Holdings Inc.)

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