Duties and Liabilities of the Member. (i) To the extent that, at law or in equity, the Member has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other person, the Member, acting under this Agreement, shall not be liable to the Company or to any other Person for its reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict the duties and liabilities of the Member otherwise existing at law or in equity, are agreed to replace such other duties and liabilities of the Member.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (Red Oak Capital Fund VII, LLC), Limited Liability Company Agreement (Phoenix Capital Group Holdings I LLC), Limited Liability Company Agreement (Trilogy Multifamily Income & Growth Holdings I, LLC)
Duties and Liabilities of the Member. (i) To the extent that, at law or in equity, the Member has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other person, the Member, Member acting under this Agreement, Agreement shall not be liable to the Company or to any other Person person for its reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict the duties and liabilities of the Member otherwise existing at law or in equity, are agreed to replace such other duties and liabilities of the such Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Huron Consulting Group Inc.), Limited Liability Company Agreement (Medley Capital BDC LLC)
