Common use of Member Liability Clause in Contracts

Member Liability. (a) To the fullest extent permitted under the Act and under Applicable Law as currently or hereafter in effect, no Member shall have any personal liability whatsoever, whether to the Company or to its creditors for the debts, obligations, expenses or liabilities of the Company, whether arising in contract, tort or otherwise, which shall be solely the debts, obligations or liabilities of the Company, or for any of its losses, in excess of the value of such Member’s Capital Account, except as expressly provided herein.

Appears in 11 contracts

Samples: Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp)

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Member Liability. (ad) To the fullest extent permitted under the Act and under Applicable any other applicable Law as currently or hereafter in effect, no Member shall have any personal liability whatsoever, whether to the Company or to its creditors for the debts, obligations, expenses or liabilities of the Company, whether arising in contract, tort or otherwise, which shall be solely the debts, obligations obligations, expenses or liabilities of the Company, or for any of its losses, in excess of the value of such Member’s Capital Account, except as expressly provided herein.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (NRG Yield, Inc.), Assignment and Assumption Agreement (NRG Yield, Inc.), Liability Company Agreement (NRG Yield, Inc.)

Member Liability. (a) To the fullest extent permitted under the Act and under Applicable any other applicable Law as currently or hereafter in effect, no Member shall have any personal liability whatsoever, whether to the Company or to its creditors for the debts, obligations, expenses or liabilities of the Company, whether arising in contract, tort or otherwise, which shall be solely the debts, obligations obligations, expenses or liabilities of the Company, or for any of its losses, in excess of the value of such Member’s Capital Account, except as expressly provided herein.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Clearway Energy, Inc.), Limited Liability Company Agreement (Clearway Energy LLC), Limited Liability Company Agreement (Clearway Energy, Inc.)

Member Liability. (a) To i)To the fullest extent permitted under the Act and under Applicable any other applicable Law as currently or hereafter in effect, no Member shall have any personal liability whatsoever, whether to the Company or to its creditors for the debts, obligations, expenses or liabilities of the Company, whether arising in contract, tort or otherwise, which shall be solely the debts, obligations obligations, expenses or liabilities of the Company, or for any of its losses, in excess of the value of such Member’s Capital Account, except as expressly provided herein.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Clearway Energy LLC), Limited Liability Company Agreement (Clearway Energy, Inc.)

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Member Liability. (a) To the fullest extent permitted under the Act and under Applicable Law as currently or hereafter in effect, no Member The Members shall have any no personal liability whatsoever, whether to the Company Company, to any of the Members or to its the creditors for the debts, obligations, expenses or liabilities of the Company, whether arising in contract, tort or otherwise, which shall be solely for the debts, obligations or liabilities debts of the Company, Company or for any of its losses, in excess of the value of such Member’s Capital Account, except as expressly provided hereinassumed by such Member; provided, however that this provision shall not limit the liability of any Member to any other Member for a breach of this Operating Agreement or any other agreement between or among the Members and/or the Company pertaining to the Business of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Advanced Equities Late Stage Opportunities Fund I LLC)

Member Liability. (a) To the fullest extent permitted Except as expressly provided under the Act and under Applicable Law as currently or hereafter in effectLaw, no Member shall have any personal liability whatsoeverfor the losses, whether to debts, claims, expenses or encumbrances of or against the Company or its Property, nor shall any Member be obligated to its creditors for the debtsrestore a deficit balance, obligations, expenses or liabilities of the Company, whether arising in contract, tort or otherwise, which shall be solely the debts, obligations or liabilities of the Company, or for any of its lossesif any, in excess of the value of such Member’s Members Capital Account, except Account (as expressly provided hereinhereinafter defined).

Appears in 1 contract

Samples: Operating Agreement (Newpark Resources Inc)

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