Common use of 9Limited Liability of Members Clause in Contracts

9Limited Liability of Members. Except for the liability to return distributions pursuant to the Act and as otherwise required by law, no Member of the Company shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being a Member of the Company. SECTION 2

Appears in 3 contracts

Samples: Operating Agreement (Oasis Real Estate Investments 1, LLC), Operating Agreement (Oasis Real Estate Investments 1, LLC), Operating Agreement (Oasis Real Estate Investments 1, LLC)

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9Limited Liability of Members. Except for the liability to return distributions pursuant to the Act and as otherwise required by law, no Member of the Company shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being a Member of the Company. SECTION 2.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Robert Ventures Holdings LLC)

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