Common use of Liability of the Members Clause in Contracts

Liability of the Members. (a) Neither the Members nor their respective owners, directors, officers, employees, or agents nor their designated Managers shall be liable to the Company or to the other Members for errors in judgment or for any acts or omissions that do not constitute gross negligence or willful or wanton misconduct.

Liability of the Members. A Member (aand its employees and agents) Neither the Members nor their respective owners, directors, officers, employees, or agents nor their designated Managers and a Manager (and its employees and agents) shall not be liable to the Company or to the other Members for errors any act or omission, done in judgment good faith, and within what was believed to be the scope of Company business, unless such Member (or for any acts its employees or omissions that do not constitute agents) shall have been culpable of gross negligence or willful or wanton misconductmisconduct or in breach of its fiduciary obligations in connection therewith.