Limited Liability of the Members. Except as required under the Act or as expressly set forth in this Agreement, all debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, will be solely the debts, obligations and liabilities of the Company, and no Member will be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.
Limited Liability of the Members and the Manager 23 6.11 Indemnification of the Manager and the Members 23 6.12 Liability Insurance 24 6.13 Management: His Exclusive or Non Exclusive Duties to Company 24
Limited Liability of the Members. Except for contributions specifically required under Section 3.1 or agreed to by a Member as contemplated by Section 3.1, no Member (solely in its capacity as a Member) has any obligation to contribute to the Company or any liability for any Company obligations. Any liability to return distributions made by the Company is limited to mandatory requirements of the Act or of any other applicable law.
Limited Liability of the Members and the Manager No Person who is a Member, Manager, or officer of the Company shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the Company, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being a Member, Manager, or officer of the Company, unless such Member, Manager or officer expressly agrees to be obligated personally for any or all of the debts, obligations, and liabilities of the Company (e.g., such as a loan guarantor, etc.).
Limited Liability of the Members. The Members shall have no personal liability for any debts or losses of the Company beyond its Interest, except as provided by law. Other than as provided in this Agreement and as may be required under the Act, the Members shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Company.
Limited Liability of the Members. Except to the extent specifically provided in this Agreement or the Act, or as a result of liability arising by reason of a breach of this Agreement by such Member, no Member shall be bound by, nor be liable for (contingently, personally or otherwise), the expenses, liabilities, indebtedness, losses or obligations of the Company or of any other Member, solely by reason of being a Member, and in any event the liability of each Member shall be limited as described in Section 15.1; provided, however, that the Company may seek specific performance of the provisions of this Agreement. No Member shall be liable for the Capital Contribution of, the return of the Capital Contribution of, or any distribution to, any other Member.
Limited Liability of the Members. Except as otherwise provided in the Act or any other applicable law, the Members are not personally liable for the expenses, liabilities or obligations of the Company beyond the amount of its Capital Contribution.
Limited Liability of the Members. Except as otherwise provided for in this Agreement or otherwise required by Delaware law, no Member shall be personally liable for any acts, debts, liabilities or obligations of the Company beyond their respective Initial Contribution. The Members shall look solely to the Company property for the return of their Initial Contribution, or value thereof, and if the Company property remaining after payment or discharge of the debts, liabilities or obligations of the Company is insufficient to return such Initial Contributions, or value thereof, no Member shall have any recourse against any other Member except as is expressly provided for by this Agreement.
Limited Liability of the Members. Except as required by the Act, the Members shall have no liability for obligations or liabilities of the Company, solely by reason of being a member of the Company, unless such obligations or liabilities are expressly assumed by the Members in writing.
Limited Liability of the Members. Notwithstanding anything herein to the contrary and except as otherwise required by Law, no Member shall have any liability for any losses of the Company (beyond the potential loss of its share of undistributed assets of the Company, including the amount of its unreturned capital contributions).
