LIABILITY AND INDEMNIFICATION OF MANAGERS AND AUTHORIZED PERSONS. (a) No Manager shall be liable to any Member or to the Company by reason of the actions or inactions of such Person in the conduct of the business of the Company, except for such Person's fraud, gross negligence or willful misconduct. No amendment of this Agreement or repeal of any of its provisions shall limit or eliminate the benefits provided to the Manager under this provision with respect to any act or omission which occurred prior to such amendment or repeal.
Appears in 4 contracts
Samples: Operating Agreement (Onepoint Communications Corp /De), Operating Agreement (Onepoint Communications Corp /De), Operating Agreement (Onepoint Communications Corp /De)
