Liability of the Member. (a) Except as otherwise provided by the Delaware 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 the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Sally Investment Holdings LLC), Limited Liability Company Agreement (Venetian Blends, Inc.), Limited Liability Company Agreement (Venetian Blends, Inc.)
Liability of the Member. (a) Except as otherwise expressly provided by the Delaware Act or hereinAct, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and neither the Managing Member nor any officer of the Company shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member Managing Member or officer of the Company.
Appears in 6 contracts
Samples: King Merger Sub Ii LLC (King Merger Sub II LLC), Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.)
