Liability of the Members. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as expressly provided under the terms of this Agreement, each Member shall not be required to lend any funds to the Company or to make any future contributions, assessments or payments to the Company. No Member shall have any personal liability for any repayment of any Capital Contribution of any Member.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (Inland Diversified Real Estate Trust, Inc.), Limited Liability Company Agreement (Inland Diversified Real Estate Trust, Inc.), Limited Liability Company Agreement (Inland Diversified Real Estate Trust, Inc.)
Liability of the Members. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as expressly provided under A Member shall be liable only to make the terms of this Agreementcontributions described in Section 2.2 hereof, each Member and shall not be required to lend any funds to the Company Company, or to make any future other contributions, assessments or payments to the Company. No Member shall have any personal liability for any repayment of any Capital Contribution of any Member.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (T-Mobile Puerto Rico Holdings LLC), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)
Liability of the Members. No a) Except as expressly set forth herein, or as otherwise required by law, no Member shall be liable under a judgment, decree or order of a court, or in for any other manner for the debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as expressly provided under the terms of this Agreement, each Member shall not be required to lend any funds to the Company or to make any future contributions, assessments or payments to the Company. No Member shall have any personal liability for any repayment of any Capital Contribution of any Member.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Gray Fox Petroleum Corp.
Liability of the Members. No Member shall be liable as such, for any Company Liability. 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 a judgment, decree this Agreement or order of a court, the Act shall not be grounds for imposing personal liability on the Members or in any other manner the Managers for the debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as expressly provided under the terms of this Agreement, each Member shall not be required to lend any funds to the Company or to make any future contributions, assessments or payments to the Company. No Member shall have any personal liability for any repayment of any Capital Contribution of any Member.
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Liability of the Members. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as expressly provided under A Member shall be liable only to make the terms of this Agreementcontributions described in Section 3.1 hereof, each Member and shall not be required to lend any funds to the Company Company, or to make any future other contributions, assessments or payments to the Company. No Member shall have any personal liability for any repayment of any Capital Contribution of any Member.
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