Common use of Liabilities of Members Clause in Contracts

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

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Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s 's Capital Account.

Appears in 3 contracts

Samples: Operating Agreement (Ridgewood Properties Inc), Operating Agreement (Ridgewood Properties Inc), Operating Agreement (Ridgewood Properties Inc)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any no Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 3 contracts

Samples: Note, LLC Operating Agreement, Operating Agreement

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s 's Capital Account.

Appears in 2 contracts

Samples: Operating Agreement (NNN 2002 Value Fund LLC), Operating Agreement (NNN 2002 Value Fund LLC)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member Members shall be required to make any additional contributions to the Company Fund and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the CompanyFund, by reason of being a Member or Manager or Member of the CompanyFund, nor shall the Manager or the Members be required to lend any funds to the Company Fund or to repay to the CompanyFund, the Manager or any Member, or any creditor of the Company Fund any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Operating Agreement

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member Members shall not be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay or to contribute to the Company, the Manager Company or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Cottonwood Multifamily Reit Ii, Inc.), Limited Liability Company Agreement (Cottonwood Multifamily Reit I, Inc.)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager Managers nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager Managers or the Members be required to lend any funds to the Company Company, the Managers or to repay or to contribute to the Company, the Manager Company or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager Managers nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Member or Manager or Member of the Company, nor shall the Manager Managers or the Members be required to lend any funds to the Company or to repay or to contribute to the Company, the Manager Managers or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cottonwood Multifamily Opportunity Fund, Inc.)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, Company solely by reason of being a Member or Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 1 contract

Samples: Operating Agreement (T Reit Inc)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional capital contributions to the Company Company, and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 1 contract

Samples: Operating Agreement

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member Managers and the Members shall not be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Member or Manager or Member of the Company, nor shall the Manager Managers or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, Company solely by reason of being a Member or Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s Capital Account.. 3.2

Appears in 1 contract

Samples: Operating Agreement

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional capital contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 1 contract

Samples: Operating Agreement

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member Members shall not be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay or to contribute to the Company, the Manager Company or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.. 3.6

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cottonwood Multifamily Reit Ii, Inc.)

Liabilities of Members. Except as specifically provided in this AgreementAgreement or as required by law, neither the Manager nor any Member shall be required to make any additional contributions Capital Contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, Company solely by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s 's Capital Account.

Appears in 1 contract

Samples: Operating Agreement (NNN 2003 Value Fund LLC)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Liabilities of Members. Except as specifically provided in this ---------------------- Agreement, neither the Manager nor any Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company or any other person, any portion or all of any deficit balance in a Member’s 's Capital Account.

Appears in 1 contract

Samples: Operating Agreement (T Reit Inc)

Liabilities of Members. Except as specifically provided in this Agreement, neither the Manager nor any other Member shall be required to make any additional contributions to the Company and no Manager or Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company, by reason of being a Member or Manager or Member of the Company, nor shall the Manager or the Members be required to lend any funds to the Company or to repay to the Company, the Manager or any Member, or any creditor of the Company any portion or all of any deficit balance in a Member’s 's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Terra Secured Income Fund 5, LLC)

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