Common use of Liability of the Member Clause in Contracts

Liability of the Member. The Member, in its capacity as member of the LLC, shall have no liability for the obligations or liabilities of the LLC except to the extent provided in the Act and applicable law. Nothing expressed in or implied by this Agreement shall be construed to confer upon or to give any person, except the Member, any rights or remedies under or by reason of this Agreement.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (DMX Holdings, LLC), Limited Liability Company Agreement (DMX Holdings, LLC), Limited Liability Company Agreement (Mood US Acquisition1, LLC)

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Liability of the Member. The Member, in its capacity as member of the LLC, Member shall not have no any liability for the obligations or liabilities of the LLC except to the extent provided in the Act and applicable lawAct. Nothing expressed in express or implied by this Agreement shall be construed to confer upon or to give any person, person except the Member, Member any rights or remedies under or by reason of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Blue Steel Capital Corp)

Liability of the Member. The Member, in its capacity as a member of the LLC, shall have no liability for the obligations or liabilities of the LLC or any of its subsidiaries or other affiliates, except to the extent provided in the Act and applicable law. Nothing Except as otherwise expressly provided in Section 18 or Section 22, nothing expressed in or implied by this Agreement shall be construed to confer upon or to give any person, except the Member, any rights or remedies under or by reason of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ilg, LLC)

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Liability of the Member. The Member, in its capacity as a member of the LLC, shall have no liability for the obligations or liabilities of the LLC or any of its subsidiaries or other affiliates, except to the extent provided in the Act and applicable law. Nothing Except as otherwise expressly provided in Section 24, nothing expressed in or implied by this Agreement shall be construed to confer upon or to give any person, except the MemberMember and, in discharging its managerial duties hereunder, the Board of Managers, any rights or remedies under or by reason of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Outerwall Inc)

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