Common use of No Personal Liability Clause in Contracts

No Personal Liability. Except as otherwise required by applicable law and as expressly set forth in this Agreement, no Member shall have any personal liability whatsoever in such Person’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Member shall be liable only to make such Member’s Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 29 contracts

Samples: Limited Liability Company Agreement (TerraForm Power, Inc.), Limited Liability Company Agreement, Limited Liability Company Agreement (Ub Fuel Cell, LLC)

AutoNDA by SimpleDocs

No Personal Liability. Except as otherwise required by applicable law and as expressly set forth in this Agreement, no Member Unitholder shall have any personal liability whatsoever in such Person’s 's capacity as a MemberUnitholder, whether to the Company, to any of the other MembersUnitholders, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Member Each Unitholder shall be liable only to make such Member’s Unitholder's Initial Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Mg Waldbaum Co), Limited Liability Company Agreement (NTK Holdings, Inc.), Limited Liability Company Agreement (Mg Waldbaum Co)

No Personal Liability. Except as otherwise required by applicable law and as expressly set forth in this Agreement, no Member shall have any personal liability whatsoever in such Person’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Member shall be liable only to make such Member’s Capital Contribution payments to the Company, if applicable, and the other payments Company as provided for expressly herein.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Us LBM Holdings, Inc.), Limited Liability Company Agreement (PetIQ, Inc.), Limited Liability Company Agreement (Planet Fitness, Inc.)

No Personal Liability. Except as otherwise required by applicable law and as expressly set forth in this Agreement, no Member Unitholder shall have any personal liability whatsoever in such Person’s capacity as a MemberUnitholder, whether to the Company, to any of the other MembersUnitholders, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Member Each Unitholder shall be liable only to make such MemberUnitholder’s Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.), Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.), Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.)

No Personal Liability. Except as otherwise required by applicable law and as expressly set forth in this Agreement, no Member Unitholder shall have any personal liability whatsoever in such Person’s capacity as a MemberUnitholder, whether to the Company, to any of the other MembersUnitholders, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Member Each Unitholder shall be liable only to make such MemberUnitholder’s Initial Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Michael Foods Inc/New), Limited Liability Company Agreement (NTK Holdings, Inc.), Limited Liability Company Agreement (Nortek Inc)

No Personal Liability. Except as otherwise required by applicable law law, and as expressly set forth in this Agreement, no Member or Unitholder shall have any personal liability whatsoever in such Person’s capacity as a MemberMember or Unitholder, whether to the Company, to any of the other MembersMember, Manager, Officer or Unitholder, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Each Member or Unitholder shall be liable only to make such Member’s or Unitholder’s initial Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 4 contracts

Samples: Agreement and Plan of Merger and Reorganization (Valeritas Inc), Limited Liability Company Agreement (Valeritas Inc), Limited Liability Company Agreement (Valeritas Inc)

No Personal Liability. Except as otherwise required by the Act or applicable law Law and as expressly set forth in this Agreement, no Member shall have any personal liability whatsoever in such Person’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Member shall be liable only to make such Member’s Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 4 contracts

Samples: Equity Purchase Agreement (Hicks Acquisition CO II, Inc.), Equity Purchase Agreement (Paperweight Development Corp), Limited Liability Company Agreement (57th Street General Acquisition Corp)

No Personal Liability. Except as otherwise required by applicable law and Law or as expressly set forth in this Agreement, no Member shall have any personal liability whatsoever in such Person’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or any Subsidiary or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or any Subsidiary or for any losses of the Company. Except as otherwise required by the Act, each Member shall be liable only Company or any Subsidiary; provided that nothing contained in this Section 4.5(a) is intended to make such release or limit a Member’s Capital Contribution to the Companyliability for a breach by a Member, if applicableincluding a Managing Member, and the other payments provided for expressly hereinof its obligations hereunder.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Vantiv, Inc.), Limited Liability Company Agreement (Vantiv, Inc.)

AutoNDA by SimpleDocs

No Personal Liability. Except as otherwise required by applicable law and as expressly set forth in this Agreement, no Member shall have any personal liability whatsoever in such Person’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Each Member shall be liable only to make such Member’s Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Duff & Phelps Corp), Limited Liability Company Agreement (Duff & Phelps Corp)

No Personal Liability. Except as otherwise required by applicable law and Law or as expressly set forth in this Agreement, no Member shall have any personal liability whatsoever in such Person’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or any Subsidiary or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or any Subsidiary or for any losses of the Company. Except as otherwise required by the Act, each Member shall be liable only to make such Member’s Capital Contribution to the Company, if applicable, and the other payments provided for expressly hereinCompany or any Subsidiary.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Total System Services Inc), Limited Liability Company Agreement (Fifth Third Bancorp)

No Personal Liability. Except as otherwise required by applicable law law, and as expressly set forth in this Agreement, no Member Member, Manager or Officer shall have any personal liability whatsoever in such Person’s capacity as a Member, Manager or Officer, whether to the Company, to any of the other MembersMember, Manager or Officer, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except as otherwise required by the Act, each Each Member shall be liable only to make such Member’s initial Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.), Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.)

No Personal Liability. Except as otherwise required by applicable law and as expressly set forth in this Agreementlaw, no Member shall have any personal liability whatsoever in such PersonMember’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company. Except Subject to Section 3.1(a), no Member in its capacity as otherwise required by the Act, each a Member shall be liable only have any power to make such Member’s Capital Contribution to represent, act for, sign for or bind the Company, if applicable, and the other payments provided for expressly herein.

Appears in 1 contract

Samples: Operating Agreement (Turner Investments, Inc.)

No Personal Liability. Except as otherwise required by applicable law and or as expressly set forth in this Agreement, no Member shall have any personal liability whatsoever in such PersonMember’s capacity as a Member, whether to the Company, to any of the other Members, to the creditors of the Company or to any other third party, Person for the debts, liabilities, commitments or any other obligations of the Company or for any losses and liabilities of the Company, whether arising in contract, tort or otherwise (including those arising as a Member or an equityholder, an owner or a shareholder of another Person). Except as otherwise required by the Act, each Each Member shall be liable only to make satisfy such Member’s Capital Contribution Commitment to the Company, if applicable, and the other payments provided for expressly herein.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.