Limited Liability of Member. Without limiting the generality of Section 4.02, the Member shall not be obligated to make any capital contribution to the Company, or otherwise to provide funds to the Company.
Limited Liability of Member. Unless stated in any Basic Document, all debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, will be solely the debts, obligations and liabilities of the Company, and the Member will not be obligated personally for any debts, obligations or liabilities of the Company solely by reason of being a member of the Company.
Limited Liability of Member. The Board of Managers will use commercially reasonable efforts, in the conduct of the Company’s activities and business, to put all Persons with whom the Company deals on notice that the Member is not liable for the Company’s obligations and all agreements to which the Company is a party will state that the Company is a limited liability company formed under the Act.
Limited Liability of Member. (a) The Member shall not be personally obligated to any third party for any debt, obligation or liability of the Company solely by reason of being a member.
Limited Liability of Member. Except as expressly required under the Act or required hereunder, (i) no Member shall have any liability to contribute money or make loans to, the Company, and (ii) no Member shall be liable for any liabilities or obligations of the Company.
Limited Liability of Member. Subject to the provisions of the Act, the Member shall not be liable to creditors of the Company for any debts, obligations, liabilities or losses of the Company beyond the Member’s capital contributions.
Limited Liability of Member. The Member shall have no personal liability for any debts or losses of the Company beyond its Interest, except as provided by law. Except as may be required under the Act, the Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Company. The Company herewith indemnifies and holds harmless the Member from any and all loss, damage, liability, or expense incurred by it at any time by reason of or arising out of any act performed by it on behalf of the Company or in furtherance of the interest of the Company.
Limited Liability of Member. Except as otherwise provided by the LLC Act or expressly assumed, 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, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company.
Limited Liability of Member. The Member’s liability shall be limited as set forth in this Agreement, the Act and other applicable law. The Member shall not be bound by, or personally liable for, the expenses, liabilities or obligations of the Company beyond the amount contributed by the Member to the capital of the Company, except as provided in the Act. The Member shall be liable for the Member’s conduct other than as a Member as provided by law.
Limited Liability of Member. The Member shall have no personal liability to any third party for any debt, obligation or liability of the LLC solely by reason of being the LLC’s Member.
