Liability of Managers and Members. The Administrator understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Member or person serving on the Board ("Manager") of the Fund personally, but bind only the Fund and the Fund's property; the Administrator represents that it has notice of the provisions of the Limited Liability Company Agreement of the Fund disclaiming Member and Manager liability for acts and obligations of the Fund.
Liability of Managers and Members. OFI understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Member or person serving on the Board ("Manager") of the Fund personally, but bind only the Fund and the Fund's property; OFI represents that it has notice of the provisions of the Limited Liability Company Agreement of the Fund disclaiming Member and Manager liability for acts and obligations of the Fund.
Liability of Managers and Members. Each Member's obligations under Section shall in no way be compromised, affected, impaired, discharged, extinguished or reduced by any of the following: (i) the release, compromise, settlement with, discharge or indulgence of any party from or under a Loan, whether such action occurs before or subsequent to any judgment; (ii) the modification or alteration, in any manner or respect, of the terms, provisions, conditions or contents of a Loan, or any agreement concerning any of the foregoing; (iii) any extension of time for payment of sums due in connection with a Loan; (iv) the failure, waiver or inability of a lender to exercise any right or remedy against a Member; (v) the Company or any Member's bankruptcy or insolvency or the discharge of any obligations hereunder or under a Loan; or (vi) any other act or omission of any of the Members with respect to any matter whatsoever.
