Observance of Formalities. Notwithstanding anything contained herein to the contrary, the failure of the Company, or any Director or Holder, to observe any formalities or procedural or other requirements relating to the exercise of its powers or management of the Company’s business and affairs under this Agreement or the Act shall not be grounds for imposing personal liability on any of the Members or Holders.
Observance of Formalities. Notwithstanding anything contained herein or the Delaware Act to the contrary, the failure of NGR Management or any of its Subsidiaries, or any Manager, Member or Officer to observe any formalities or procedural or other requirements relating to the exercise of its powers or management of NGR Management’s or any of its Subsidiaries’ business and affairs under this Agreement or the Delaware Act shall not be grounds for imposing liability on any of the Members.
Observance of Formalities. Notwithstanding anything contained herein or the Delaware Act to the contrary, the failure of the Company, or any Manager, Member or officer to observe any formalities or procedural or other requirements relating to the exercise of its powers or management of the Company’s business and affairs under this Agreement or the Delaware Act shall not be grounds for imposing personal liability on any of the Members.
