Liability for Certain Acts. No Manager or Officer shall be liable to the Company or to the Member for any loss or damage sustained by the Company or the Member, except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or willful breach of this Agreement by such Manager or Officer.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Northrop Grumman Corp /De/), Limited Liability Company Agreement (Northrop Grumman Corp /De/)
Liability for Certain Acts. No The Manager or Officer shall not be liable to the Company or to the Member for any loss or damage sustained by the Company or the MemberMember (or successor thereto), except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or willful breach of this Agreement by such Manager or OfficerAgreement.
Appears in 2 contracts
Samples: Operating Agreement (Capitalsource Holdings LLC), Operating Agreement (Capitalsource Holdings LLC)
Liability for Certain Acts. No Manager or Officer shall be liable to the Company or to the a Member for any loss or damage sustained by the Company or the Membera Member (or successor thereto), except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or willful breach of this Agreement by such Manager or OfficerAgreement.
Appears in 2 contracts
Samples: Operating Agreement (Sligo Partners LLC), Operating Agreement (Sligo Partners LLC)
Liability for Certain Acts. No Manager or Officer The Managers shall not be liable to the Company or to the any Member or Assignee for any loss or damage sustained by the Company or the Memberany Member or Assignee, except to the extent, if any, that unless the loss or damage shall have been the result of gross negligence, fraud, deceit, gross negligence, willful misconduct, or willful breach of this Operating Agreement or a wrongful taking by such Manager or Officerthe Manager.
Appears in 1 contract
Samples: Operating Agreement (Tb Woods Corp)
Liability for Certain Acts. No Manager or Officer shall be liable to the Company or to the any Member for any loss or damage sustained by the Company or the Memberany Member (or successor thereto), except to the extent, if any, that the loss or damage shall have been the result of gross negligence, fraud, deceit, willful misconduct, or willful breach of this Agreement by such Manager or OfficerAgreement.
Appears in 1 contract
Liability for Certain Acts. No Manager or Officer shall be liable to the Company or to the Member for any loss or damage sustained by the Company or the MemberMembers, except to the extent, if any, that unless the loss or damage shall have been is the result of gross negligence, fraud, deceit, gross negligence, willful misconduct, or willful breach of this Agreement or a wrongful taking by such Manager or Officerthe Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Triple S Minerals Resources Corp)
Liability for Certain Acts. No Manager or Officer shall be liable to the Company or to the Member for any loss or damage sustained by the Company or the Member, except to the extent, if any, that unless the loss or damage shall have been the result of gross negligence, fraud, deceit, gross negligence, willful misconduct, or willful breach of this Agreement or a wrongful taking by such Manager or Officerthe Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tronox Pigments Australia Holdings Pty LTD)
