Express Exculpatory Clauses in Instruments. Neither the Members nor the Directors, officers, employees or agents of the Company shall be liable under any written instrument creating an obligation of the Company by reason of their being Members, Directors, officers, employees or agents of the Company, and all Persons shall look solely to the Company’s assets for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render any Member, Director, officer, employee or agent liable thereunder to any third party, nor shall the Directors or any officer, employee or agent of the Company be liable to anyone as a result of such omission.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)
Express Exculpatory Clauses in Instruments. Neither the Members Shareholders nor the DirectorsTrustees, officers, employees or agents of the Company shall be liable under any written instrument creating an obligation of the Company by reason of their being MembersShareholders, DirectorsTrustees, officers, employees or agents of the Company, and all Persons shall look solely to the Company’s net assets for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render any MemberShareholder, DirectorTrustee, officer, employee or agent liable thereunder to any third party, nor shall the Directors Trustees or any officer, employee or agent of the Company be liable to anyone as a result of such omission.
Appears in 7 contracts
Samples: Agreement and Declaration of Trust (TPG Twin Brook Capital Income Fund), Agreement and Declaration of Trust (PGIM Private Credit Fund), Agreement and Declaration of Trust (AG Twin Brook Capital Income Fund)
Express Exculpatory Clauses in Instruments. Neither the Members nor the DirectorsManagers, officers, employees or agents of the Company shall be liable under any written instrument creating an obligation of the Company by reason of their being Members, DirectorsManagers, officers, employees or agents of the Company, and all Persons shall look solely to the Company’s assets Assets for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render any Member, DirectorManager, officer, employee or agent liable thereunder to any third party, nor shall the Directors Managers or any officer, employee or agent of the Company be liable to anyone as a result of such omission.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC), Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC)
Express Exculpatory Clauses in Instruments. Neither the Members stockholders nor the Directorsdirectors, officers, employees or agents of the Company Corporation, shall be liable under any written instrument creating an obligation of the Company Corporation by reason of their being Membersstockholders, Directorsdirectors, officers, employees or agents of the CompanyCorporation, and all Persons shall look solely to the CompanyCorporation’s assets for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render any Memberstockholder, Directordirector, officer, employee or agent liable thereunder to any third party, nor shall the Directors directors or any officer, employee or agent of the Company Corporation be liable to anyone as a result of such omission.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Sierra Income Corp), Agreement and Plan of Merger (Medley Capital Corp), Agreement and Plan of Merger (Sierra Income Corp)
Express Exculpatory Clauses in Instruments. Neither the Members nor the Directors, officers, employees or agents of the Company shall be liable under any written instrument creating an obligation of the Company by reason of their being Members, Directors, officers, employees or agents of the Company, and all Persons shall look solely to the Company’s 's assets for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render any Member, Director, officer, employee or agent liable thereunder to any third party, nor shall the Directors or any officer, employee or agent of the Company be liable to anyone as a result of such omission.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)
Express Exculpatory Clauses in Instruments. Neither the Members Stockholders nor the Directors, officers, employees or agents of the Company Corporation shall be liable under any written instrument creating an obligation of the Company Corporation by reason of their being MembersStockholders, Directors, officers, employees or agents of the CompanyCorporation, and all Persons shall look solely to the CompanyCorporation’s assets for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render any MemberStockholder, Director, officer, employee or agent liable thereunder to any third party, nor shall the Directors or any officer, employee or agent of the Company Corporation be liable to anyone as a result of such omission.
Appears in 2 contracts
Samples: Merger Agreement (Carey Watermark Investors 2 Inc), Merger Agreement (Cole Credit Property Trust III, Inc.)
Express Exculpatory Clauses in Instruments. Neither the Members Shareholders nor the DirectorsTrustees, officers, employees or agents of the Company shall be liable under any written instrument creating an obligation of the Company by reason of their being MembersShareholders, DirectorsTrustees, officers, employees or agents of the Company, and all Persons shall look solely to the Company’s net assets for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render any MemberShareholder, DirectorTrustee, officer, employee or agent liable thereunder to any third party, nor shall the Directors Trustees or any officer, employee or agent of the Company be liable to anyone as a result of such omission..
Appears in 1 contract
Samples: Agreement and Declaration of Trust (PGIM Private Credit Fund)
