Common use of No Member Recourse Clause in Contracts

No Member Recourse. Notwithstanding anything to the contrary in this Agreement, any indemnity by the Company relating to the matters covered in this Section 12.3 shall be provided out of and to the extent of Company assets only and no Member (unless such Member otherwise agrees in writing or is found in a final, non-appealable decision of a court of competent jurisdiction to have personal liability on account thereof) or any Member’s officers, directors, stockholders, members, partners, employees or Affiliates shall have personal liability on account thereof or shall be required to make additional Capital Contributions to help satisfy such indemnity of the Company.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling Ingredients Inc.)

No Member Recourse. Notwithstanding anything Anything herein to the contrary in this Agreementnotwithstanding, any indemnity by the Company relating to the matters covered in this Section 12.3 7.7 shall be provided out of and to the extent of Company assets only and no Member (unless such Member otherwise agrees in writing or is found in a final, non-appealable final decision of a court of competent jurisdiction to have personal liability on account thereof) or any Member’s officers, directors, stockholders, members, partners, employees or Affiliates shall have personal liability on account thereof or shall be required to make additional Capital Contributions (beyond any then-existing and unpaid Capital Contribution Commitment) to help satisfy such indemnity of the Company.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Coca-Cola Consolidated, Inc.), Limited Liability Company Agreement (Coca-Cola Consolidated, Inc.), Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/)

No Member Recourse. Notwithstanding anything Anything herein to the contrary in this Agreementnotwithstanding, any indemnity by the Company relating to the matters covered in this Section 12.3 7.5 shall be provided out of and to the extent of Company assets only and no Member (unless such Member otherwise agrees in writing or is found in a final, non-appealable final decision of a court of competent jurisdiction to have personal liability on account thereof) or any Member’s officers, directors, stockholders, members, partners, employees or Affiliates shall have personal liability on account thereof or shall be required to make additional Capital Contributions to help satisfy such indemnity of the Company.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Lands' End, Inc.), Membership Interest Purchase Agreement (Lands' End, Inc.), Limited Liability Company Agreement (Express, Inc.)

No Member Recourse. Notwithstanding anything Anything herein to the contrary in this Agreementnotwithstanding, any indemnity by the Company relating to the matters covered in this Section 12.3 7.10 shall be provided out of and to the extent of Company assets only and no Member (unless such Member otherwise agrees in writing or is found in a final, non-appealable final decision of a court of competent jurisdiction to have personal liability on account thereof) or any Member’s officers, directors, stockholders, members, partners, employees or Affiliates shall have personal liability on account thereof or shall be required to make additional Capital Contributions to help satisfy such indemnity of the Company.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Jones Energy, Inc.), Limited Liability Company Agreement (Jones Energy, Inc.), Limited Liability Company Agreement (Jones Energy, Inc.)