Common use of Limited Liability of Members Clause in Contracts

Limited Liability of Members. Except as otherwise provided in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company.

Appears in 17 contracts

Samples: Limited Liability Company Agreement (Green Tree SerVertis Acquisition LLC), Limited Liability Company Agreement (Green Tree SerVertis Acquisition LLC), Limited Liability Company (Green Tree SerVertis Acquisition LLC)

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Limited Liability of Members. Except as otherwise expressly provided in by the Act, the debts, obligations and liabilities of the CompanyCompany or a Series, as applicable, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the CompanyCompany or such Series, as applicable, and neither the Members nor the Manager shall not be obligated personally for any such debt, obligation or liability of the Company or the Series solely by reason of being a Member member or manager of the Company.Company or such Series. No Member is liable personally:

Appears in 6 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Limited Liability of Members. A. Except as may be otherwise provided in under the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and the Members no Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the CompanyMember.

Appears in 2 contracts

Samples: McCarthy Group Inc, Operating Agreement (McCarthy Group Inc)

Limited Liability of Members. Except as otherwise expressly provided in by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the Company, and the Members no Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hard Rock Hotel Holdings, LLC), Limited Liability Company Agreement (Hard Rock Hotel Holdings, LLC)

Limited Liability of Members. Except as otherwise expressly provided in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company.,

Appears in 1 contract

Samples: Limited Liability Company Agreement (Agco Corp /De)

Limited Liability of Members. Except as otherwise provided expressly set forth herein or in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and the Members Sole Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Companymember.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MBOW Four Star, L.L.C.)

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Limited Liability of Members. Except as otherwise provided in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company.. 1210092.1

Appears in 1 contract

Samples: Limited Liability Company Agreement (Green Tree SerVertis Acquisition LLC)

Limited Liability of Members. Except as otherwise provided expressly set forth herein or in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and the Members no Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the CompanyMember.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Virtu KCG Holdings LLC)

Limited Liability of Members. Except as otherwise As provided in the Act, the debtsMembers and the Managing Members of the Company shall not be obligated personally under a judgment, obligations and liabilities decree, or order of court, or in any other manner, for a debt, obligation, or liability of the Company, whether arising in contract, tort tort, or otherwise, shall be the debts, obligations and liabilities solely of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member or acting as a Managing Member of the Company.

Appears in 1 contract

Samples: Operating Agreement (Reckson Services Industries Inc)

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