Company Debt. A Member will not be personally liable for any debts or losses of the Company in excess of a Member's Capital Contribution or any obligation of a Member to make a Capital Contribution as specifically described in this Agreement or as otherwise specifically required by the Act or law.
Appears in 2 contracts
Samples: Operating Agreement (MartelInvest 1 LLC), Operating Agreement (MartelInvest 1 LLC)
Company Debt. A Member will not be personally liable for any debts or losses of the Company in excess of a Member's Capital Contribution or any obligation of a Member to make a Capital Contribution as specifically described in this Agreement or as otherwise specifically required by the Act or lawAct.
Appears in 1 contract
Samples: Operating Agreement (Across America Real Estate Development Corp)
Company Debt. A The Member will not be personally liable for any debts or losses of the Company in excess of a the Member's ’s Capital Contribution Contribution, or any obligation of a the Member to make a Capital Contribution as specifically described in this Agreement or Contribution, except as otherwise specifically required by the Act or law.
Appears in 1 contract
Samples: Operating Agreement (Unistrut International Holdings, LLC)