Common use of Limitation of Liability of Members Clause in Contracts

Limitation of Liability of Members. Except as otherwise provided by applicable law, 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 no Member or Manager shall be obligated personally for any such debt, obligation, or liability of the Company solely by reason of being a Member or acting as a Manager of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Diversified Health & Fitness Inc), Operating Agreement (Diversified Health & Fitness Inc)

AutoNDA by SimpleDocs

Limitation of Liability of Members. Each Member’s liability shall be limited as set forth in the Act and other Applicable Law. Except as otherwise provided required by applicable lawthe Act, the debts, obligations, obligations and liabilities of the Company, whether arising in contract, tort, tort or otherwise, shall be solely the debts, obligations, obligations and liabilities solely of the Company, and no Member or Manager the Members shall not be obligated personally for any of such debtdebts, obligation, obligations or liability of the Company liabilities solely by reason of being a Member or acting as a Manager of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Partners, Lp)

Limitation of Liability of Members. Except as otherwise provided by applicable law, the The debts, obligations, obligations and liabilities of the Company, whether arising in contract, tort, tort or otherwise, shall be solely the debts, obligations, obligations and liabilities of the Company, and ; no Member or Manager shall be obligated personally for any such debt, obligation, obligation or liability of the Company solely by reason of being a Member or acting Manager except as a Manager of the Companyotherwise required by law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vornado Operating Co)

Limitation of Liability of Members. Except Each Member's liability shall be limited as otherwise provided by set forth in the Act and other applicable law, the . All debts, obligations, obligations and liabilities of the Company, whether arising in contract, tort, tort or otherwise, shall be solely the debts, obligations, obligations and liabilities of the Company, and no Member or Manager shall be obligated personally for any such debt, obligation, obligation or liability of the Company solely by reason of being a Member or acting as a Manager of the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Cinergy Corp)

AutoNDA by SimpleDocs

Limitation of Liability of Members. Each Member's liability shall be limited as set forth in the Act and other applicable Law. Except as otherwise provided required by applicable lawthe Act, the debts, obligations, obligations and liabilities of the Company, whether arising in contract, tort, tort or otherwise, shall be solely the debts, obligations, obligations and liabilities solely of the Company, and no Member or Manager the Members shall not be obligated personally for any of such debtdebts, obligation, obligations or liability of the Company liabilities solely by reason of being a Member or acting as a Manager of the Company.. Section 3.7

Appears in 1 contract

Samples: Limited Liability Company Agreement (Advanced Emissions Solutions, Inc.)

Limitation of Liability of Members. Except as otherwise provided by applicable law, the The debts, obligations, obligations and ---------------------------------- liabilities of the Company, whether arising in contract, tort, tort or otherwise, shall will be solely the debts, obligations, obligations and liabilities of the Company, Company and no Member Member, Assignee or Manager shall other Person hereunder will be obligated personally for any such debt, obligation, obligation or liability of the Company solely by reason of being a Member or acting his capacity as a Manager of the Companysuch.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Primestar Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.