Common use of Liability of 0fficers Clause in Contracts

Liability of 0fficers. No person who is an officer of the LLC shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the LLC, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being an officer of the LLC.

Appears in 3 contracts

Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)

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Liability of 0fficers. No person Person who is an officer of the LLC Company shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the LLCCompany, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being an officer of the LLCCompany.

Appears in 2 contracts

Samples: Stockholders Agreement (Vertical Computer Systems Inc), Stockholders Agreement (Vertical Computer Systems Inc)

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