Disclaimer of Manager and Member Liability. The Distributor understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Manager or member of the Fund personally, but bind only the Fund and the Fund's property. The Distributor acknowledges in this regard that it has notice of the provisions of the Limited Liability Company Agreement of the Fund disclaiming Manager and member liability for acts or obligations of the Fund.
Appears in 6 contracts
Samples: Distribution Agreement (Bacap Technology Fund LLC), Distribution Agreement (Bacap Opportunity Strategy LLC), Distribution Agreement (Bacap Alternative Mult Strategy Fund LLC)
Disclaimer of Manager and Member Liability. The General Distributor understands and agrees that the --------------------------------------------------- obligations of the Fund under this Agreement are not binding upon any Manager or member of the Fund personally, but bind only the Fund and the Fund's property. The ; the General Distributor acknowledges in this regard represents that it has notice of the provisions of the Limited Liability Company Agreement of the Fund disclaiming Manager and member liability for acts or obligations of the Fund.
Appears in 4 contracts
Samples: General Distributor's Agreement (Oppenheimer Tremont Opportunity Fund LLC), General Distributor's Agreement (Ofi Tremont Core Diversified Hedge Fund), General Distributor's Agreement (Oppenheimer Tremont Market Neutral Fund LLC)
