Common use of Defects as to Formalities Clause in Contracts

Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement or the Act shall not be grounds for imposing personal liability on the Members or Managers for liabilities of the Company or any Series of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Operating Agreement (HomeStreet, Inc.), Limited Liability Company Operating Agreement (HomeStreet, Inc.)

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Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement Agreement, the Articles or the Act shall not be grounds for imposing personal liability on the Members or Managers Member for liabilities of the Company or any Series obligations of the Company.

Appears in 3 contracts

Samples: Operating Agreement (OCH International, Inc.), Operating Agreement (OCH International, Inc.), Operating Agreement (OCH International, Inc.)

Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement Agreement, the Certificate or the Act shall not be grounds for imposing personal liability on the Members or Managers Member for the liabilities of the Company or any Series of the Company.

Appears in 2 contracts

Samples: Great Plains Energy Inc, Great Plains Energy Inc

Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement Agreement, the Articles or the Act shall will not be grounds for imposing personal liability on the Members or Managers for liabilities of the Company or any Series of the Company's liabilities.

Appears in 1 contract

Samples: Operating Agreement (Microhelix Inc)

Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement Agreement, the Certificate or the Act shall not be grounds for imposing personal liability on the Members or Managers for liabilities of the Company or any Series obligations of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hilltop Holdings Inc.)

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Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement Agreement, the Articles or the Act shall not be grounds for imposing personal liability on the Members or Managers Member for liabilities of the Company or any Series liabilities, debts and obligations of the Company.

Appears in 1 contract

Samples: Operating Agreement

Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement Agreement, the certificate of formation for the Company, or the Act shall not be grounds for imposing personal liability on the Members or Managers for liabilities of the Company or any Series of the Company.

Appears in 1 contract

Samples: Operating Agreement (Emeritus Corp\wa\)

Defects as to Formalities. A failure to observe any formalities or requirements of this Agreement Agreement, the Certificate, or the Act shall not be grounds for imposing personal liability on the Members or Managers the Manager for liabilities of the Company or any Series of the Company.

Appears in 1 contract

Samples: Operating Agreement (Tribus Enterprises, Inc.)

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