Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company (Williams Partners L.P.)
Limited Liability of Members. No To the fullest extent permitted by applicable Law, no Member shall be personally liable for any debts, liabilities or obligations of the Company; provided provided, that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Atlas Pipeline Holdings, L.P.), Limited Liability Company Agreement (Atlas Pipeline Partners Lp)
Limited Liability of Members. No Member shall be obligated personally liable for any debtsdebt, liabilities obligation or obligations liability of the Company; provided that each Member shall be responsible (i) for , whether arising in contract, tort or otherwise, solely by reason of being a Member. The failure of the making of Company to observe any Capital Contribution required to be made formalities or requirements relating to the Company by such Member pursuant to the terms hereof and (ii) for the amount exercise of any distribution made to such Member that must be returned to the Company pursuant to its powers or management of its business or affairs under this Agreement or the Delaware ActAct shall not be grounds for imposing personal liability on the Members for liabilities of the Company.
Appears in 1 contract
Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; , provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.. Project Gator—2nd Amended LLC Agreement Final 22
Appears in 1 contract
Samples: Limited Liability Company Agreement (DCP Midstream Partners, LP)
Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; , provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (DCP Midstream Partners, LP)
Limited Liability of Members. No Member The Members shall not be personally liable for any debts, liabilities or obligations of the Company; provided that each Member the Members shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.. ARTIVLE VII
Appears in 1 contract
Samples: Operating Agreement (Era Group Inc.)
Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ONEOK Partners LP)
Limited Liability of Members. No Member The Members shall not be personally liable for any debts, liabilities or obligations of the Company; provided that each Member the Members shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.. ARTIVLE VII
Appears in 1 contract
Samples: Operating Agreement (Era Group Inc.)
