Limitation of Liability of the Member. Except as required by law, neither the Manager nor any Member shall be bound by, nor be personally liable for, the expenses, liabilities, or obligations of the Company in excess of their respective Capital Commitments to the Company. Notwithstanding the foregoing, each Member shall be required to pay to the Company, at such times and subject to the conditions set forth herein, all amounts that such Member has agreed to pay in respect of its Capital Commitment and to deliver such other amounts it is obligated to pay over to the Company pursuant to this Agreement.
Appears in 11 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
