Common use of Limitation of Liability; Indemnity Clause in Contracts

Limitation of Liability; Indemnity. (a) Neither the Sole Member nor the Manager will be personally liable for monetary damages for any action taken as a member or manager, or for any failure to take any action, and neither the Sole Member nor the Manager shall be liable for any debts, obligations or liabilities of the Company whether arising in tort, contract or otherwise, solely by reason of being a member or manager.

Appears in 34 contracts

Samples: Operating Agreement (Winder HMA, LLC), Limited Liability Company Agreement (Winder HMA, LLC), Limited Liability Company Agreement (Winder HMA, LLC)

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Limitation of Liability; Indemnity. (a) Neither the The Sole Member nor and the Manager will not be personally liable for monetary damages for any action taken as a member or managermanager of the Company, or for any failure to take any action, and neither the Sole Member nor and the Manager shall be are not liable for any debts, obligations or liabilities of the Company whether arising in tort, contract or otherwise, solely by reason of being a member or managermanager of the Company.

Appears in 3 contracts

Samples: Operating Agreement (Winder HMA, LLC), Operating Agreement (Winder HMA, LLC), Operating Agreement (Winder HMA, LLC)

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