Common use of Gross Negligence Clause in Contracts

Gross Negligence. “Gross Negligence” shall mean a Member’s failure, through act or omission, to perform a material duty specifically set forth herein in reckless disregard of the consequences thereof. 1.55

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Winter Sports Inc /New), Limited Liability Company Agreement (Winter Sports Inc /New)

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Gross Negligence. “Gross Negligence” shall mean a Member’s failure, through act or omission, to perform a material duty specifically set forth herein in reckless disregard of the consequences thereof. 1.557

Appears in 1 contract

Samples: Limited Liability Company Agreement

Gross Negligence. “Gross Negligence” shall mean a Member’s failure, through act or omission, to perform a material duty specifically set forth herein in reckless disregard of the consequences thereof. 7 1.55

Appears in 1 contract

Samples: Limited Liability Company Agreement (Winter Sports Inc /New)

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Gross Negligence. “Gross Negligence” shall mean a Member’s failure, through act or omission, to perform a material duty specifically set forth herein in reckless disregard of the consequences thereof. 1.551.54

Appears in 1 contract

Samples: Limited Liability Company Agreement (Winter Sports Inc /New)

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