Common use of Liability of the Member Clause in Contracts

Liability of the Member. The Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Company.

Appears in 5 contracts

Samples: Operating Agreement (Everi Games Inc.), Limited Liability Company Agreement (Truven Holding Corp.), Limited Liability Agreement (SRS Labs Inc)

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Liability of the Member. The Member shall not be liable for any debts the debts, liabilities or losses of capital or profits obligations of the Company or beyond it Capital Contributions. The Member shall not be required to contribute the capital of, or lend to loan any funds to to, the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Trinity Parts & Components, LLC), Limited Liability Company Agreement (Trinity Parts & Components, LLC), Limited Liability Company Agreement (Trinity Industries Inc)

Liability of the Member. The Member shall not be liable for any debts or losses of capital or profits of the Company or or, except as provided in this Agreement, be required to contribute make any Capital Contribution or lend funds to the Company.

Appears in 2 contracts

Samples: www.sec.gov, Limited Liability Company Operating Agreement (Netsuite Inc)

Liability of the Member. The Member shall not be liable for any debts the debts, liabilities or losses of capital or profits obligations of the Company or beyond its Capital Contributions. The Member shall not be required to contribute to the capital of, or lend to loan any funds to to, the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Exco Resources Inc), Limited Liability Company Agreement (Trinity Marine Products, Inc.)

Liability of the Member. The Member shall not be liable for any debts the debts, liabilities, contracts or losses other obligations of capital or profits of the Company or be required to contribute or lend funds to the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Eclipse Resources-Ohio, LLC), Limited Liability Company Agreement (Eclipse Resources-Ohio, LLC)

Liability of the Member. The Member shall not be liable for any debts the debts, liabilities, or losses of capital or profits obligations of the Company or beyond its Capital Contributions. The Member shall not be required to contribute to the capital of, or lend to loan any funds to to, the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Plains Capital Corp), Company Agreement (Square One Energy Inc.)

Liability of the Member. The Member shall not be liable for any debts the debts, liabilities or losses of capital or profits obligations of the Company or beyond it Capital Contributions. The Member shall not be required to contribute to the capital of, or lend to loan any funds to to, the Company.

Appears in 2 contracts

Samples: Company Agreement (Meridian Resource Corp), Limited Liability Company Agreement (Exco Resources Inc)

Liability of the Member. The Except as otherwise expressly provided by the Act, the Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Company.

Appears in 1 contract

Samples: Operating Agreement (Freescale Semiconductor Holdings I, Ltd.)

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Liability of the Member. The Except as otherwise agreed to by the Member, the Member shall not be liable under a judgment, decree or order of a court, or in any other manner, for any debts a debt, obligation or losses of capital or profits liability of the Company or Company. The Member shall be liable only to make its Capital Contribution and shall not be required to contribute restore a deficit balance in its capital account or to lend any funds to the Company or, after its Capital Contribution has been made, to make any additional contributions, assessments or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC)

Liability of the Member. The Member of the Company shall not be liable under a judgment, decree or order of a court, or in any other manner, for any debts debt, obligation, or losses liability of capital or profits of the Company or be required to contribute or lend funds to the Company.

Appears in 1 contract

Samples: Operating Agreement

Liability of the Member. The Member shall not be personally liable for any ----------------------- the debts or losses and obligations of capital or profits of the Company or be required to contribute or lend funds to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nm Licensing LLC)

Liability of the Member. The Member shall have no liability for and shall not be liable personally held accountable for any debts of the debts, losses, claims, judgments or losses any of capital or profits the liabilities of the Company or be required to contribute or lend funds beyond the Member’s contributions to the capital of the Company, except as provided by applicable law.

Appears in 1 contract

Samples: Operating Agreement of Tops (Tops PT, LLC)

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