Common use of Limited Liability Clause in Contracts

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 14 contracts

Sources: Limited Liability Company Agreement (Versity Invest, LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 13 contracts

Sources: Operating Agreement, Operating Agreement (Bloomin' Brands, Inc.), Operating Agreement (Osi Restaurant Partners, LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that debt, obligation, or liability or obligation arises in contract, tort or otherwise.

Appears in 9 contracts

Sources: Limited Liability Company Agreement (Time Warner Cable Information Services (Texas), LLC), Limited Liability Company Agreement (Wright Investors Service Holdings, Inc.), Limited Liability Company Agreement (Charter Communications Inc /Mo/)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall (a) be personally liable for any debtIndebtedness, Contingent Obligation or other liability or obligation or liability of the Company, whether that Indebtedness, Contingent Obligation or liability or obligation arises in contract, tort tort, or otherwise, solely by reason of being a Member of the Company, or (b) have any obligation to restore any deficit or negative balance in the Capital Account of such Member.

Appears in 6 contracts

Sources: Limited Liability Company Agreement (Avalonbay Communities Inc), Limited Liability Company Agreement (Avalonbay Communities Inc), Limited Liability Company Agreement (Avalonbay Communities Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that debt, obligation, or liability or obligation arises in contract, tort or otherwise.

Appears in 6 contracts

Sources: Operating Agreement (Bequest Bonds I Inc), Operating Agreement (Bequest Bonds I Inc), Operating Agreement (Bequest Bonds I Inc)

Limited Liability. Except as required under to the Act extent of its Capital Contributions or as expressly set forth in this Agreementotherwise provided by law, no Member shall be personally liable for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 4 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Imperial Capital Group, Inc.)

Limited Liability. Except as required under the Act or as expressly ----------------- set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 4 contracts

Sources: Operating Agreement (CPC of America Inc), Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp)

Limited Liability. Except as required under the Act or as otherwise provided expressly set forth in this AgreementAgreement or required by law, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that debt, obligation or liability or obligation arises in contract, tort tort, or otherwise.

Appears in 4 contracts

Sources: Operating Agreement, Operating Agreement (KW Victory Land Loan, LLC), Operating Agreement (Kennedy-Wilson Properties (IL))

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the CompanyLLC, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 3 contracts

Sources: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that debt, obligation, or liability or obligation arises in contract, tort tort, or otherwise.

Appears in 3 contracts

Sources: Operating Agreement (Performance Capital Management LLC), Operating Agreement (Performance Capital Management LLC), Limited Liability Company Operating Agreement (Pinnacle Entertainment Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises arising in contract, tort or otherwise, solely by reason of being a Member of the Company.

Appears in 3 contracts

Sources: Operating Agreement (Benchmark Real Estate Investment Fund, LLC), Operating Agreement (Benchmark Real Estate Investment Fund, LLC), Operating Agreement (Xiv-I Invest 1, LLC)

Limited Liability. Except Each Member's liability shall be limited as required under the Act or as expressly set forth in this Agreement, no the Act or other applicable law. No Member shall be personally liable for any debt, obligation debts or liability losses of the Company, whether that liability or obligation arises Company except as set forth in contract, tort or otherwisethis Agreement.

Appears in 3 contracts

Sources: Operating Agreement (MartelInvest 1 LLC), Operating Agreement (MartelInvest 1 LLC), Operating Agreement (Across America Real Estate Development Corp)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by any non-waivable provision of applicable Law, no Member shall be personally liable for any debt, Indebtedness or other obligation or liability of the Company, whether that such Indebtedness or other liability or obligation arises in contract, tort tort, or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (ALST Casino Holdco, LLC), Operating Agreement (ALST Casino Holdco, LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (Fox Kids Worldwide Inc), Operating Agreement (Kaiser Ventures Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall not be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (Ethos Environmental, Inc.), Operating Agreement (Ethos Environmental, Inc.)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall will be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation it arises in contract, tort tort, or otherwise, unless expressly agreed by such Member in writing.

Appears in 2 contracts

Sources: Securities Exchange Agreement, Securities Exchange Agreement

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall be personally liable liable, or shall be obligated to provide a guaranty or indemnity, for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (Panera Bread Co), Operating Agreement (Panera Bread Co)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be is personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (Launch Pad LLC), Operating Agreement (Launch Pad LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any LLC debt, obligation or liability of the Companyliability, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (Molecular Imaging Corp), Operating Agreement (Molecular Imaging Corp)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise. No Member or officer, manager or employee of the Company shall have any personal liability for the repayment of any Capital Contributions of any Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement (Aptitude Solutions, Inc.)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or mandated by applicable law, no Member shall be personally liable for any debt, obligation or liability of the Company, whether that debt, obligation or liability or obligation arises in contract, tort or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (Titan Corp), Operating Agreement (L-3 Communications InfraredVision Technology CORP)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, regardless of whether that debt, obligation, or liability or obligation arises in contract, tort or otherwise.

Appears in 2 contracts

Sources: Operating Agreement (Performance Capital Management LLC), Operating Agreement (Performance Capital Management LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member the Owner shall not be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (NEMA Beverage Parent CORP), Limited Liability Company Agreement (NEMA Beverage Parent CORP)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAct, no Member shall ----------------- be personally liable for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Image Entertainment Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation or liability of the CompanyLLC, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Operating Agreement

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Operating Agreement (SRS Labs Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Energy Conversion Devices Inc)

Limited Liability. Except as required under the Act or as expressly set forth contemplated in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Red Rock Pictures Holdings, Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no the Member shall not be personally liable for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Frankly Inc)

Limited Liability. Except as required under the Act or as expressly ------------------ set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, regardless of whether that debt, obligation, or liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Performance Capital Management LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort, or otherwise. 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.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Q Med Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Limited Liability Company Agreement (NXP Manufacturing (Thailand) Co., Ltd.)

Limited Liability. Except as required under the Act or as ----------------- expressly set forth in this Agreement, no Member person shall be personally liable 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 Company Person.

Appears in 1 contract

Sources: Operating Agreement (Kaiser Ventures Inc)

Limited Liability. Except as required under the Act or as expressly ----------------- set forth in this Agreement, no Member or Manager shall be personally liable for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise, except intentional misconduct, fraud, or gross negligence.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Southwest Water Co)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall be individually or personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Usopn Inc)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAct, no Member shall be personally liable for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Mr. Mango LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement ----------------- or required by law, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Operating Agreement (First American Financial Corp)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAct, no Member shall be personally liable for any debt, obligation or liability of the CompanyCompany or any Series, whether that liability or obligation arises in contract, tort or otherwise.”

Appears in 1 contract

Sources: Operating Agreement (Skybound Holdings LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall be personally liable for any debt, obligation obligation, or liability of the CompanyIMMERSION, whether that liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Immersion Corp)

Limited Liability. Except as required under the Act or as expressly set forth in this AgreementAgreement or required by law, no Member shall (a) be personally liable for any debt, Indebtedness or other liability or obligation or liability of the Company, whether that Indebtedness, liability or obligation arises in contract, tort tort, or otherwise, solely by reason of being a Member of the Company, or (b) have any obligation to restore any deficit or negative balance in the Capital Account of such Member.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Avalonbay Communities Inc)

Limited Liability. Except as required under the Act or as expressly set forth in Act, the Initial Member and any additional members admitted to the Company pursuant to the provisions of this Agreement, no Member Agreement shall not be personally liable for any debt, obligation obligation, or liability of the Company, whether that debt, liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Ranch Golf Club, LLC)

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that liability or obligation arises in contract, tort tort, or otherwiseotherwise unless the Member makes a guarantee pursuant to the requirement of a lender making a loan to the Company.

Appears in 1 contract

Sources: Operating Agreement

Limited Liability. Except as required under the Act or as expressly set forth in this Agreement, no Member person shall be personally liable 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 Company Person.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Kaiser Ventures LLC)

Limited Liability. Except as required under by law or pursuant to the Act or as expressly set forth in this Agreementterms of a separate agreement executed by a Member, no Member shall be personally liable for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Operating Agreement

Limited Liability. Except as required under the Act or as expressly set forth in Act, the Initial Member and any additional members admitted to the Company pursuant to the provisions of this Agreement, no Member Agreement shall not be personally liable for any debt, obligation obligation, or liability of the Company, whether that debt, obligation, or liability or obligation arises in contract, tort or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Ranch Golf Club, LLC)

Limited Liability. Except as required under the Act or as expressly ------------------ set forth in this Agreement, no Member shall be personally liable for any debt, obligation obligation, or liability of the Company, whether that debt, obligation, or liability or obligation arises in contract, tort tort, or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Performance Capital Management LLC)