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.
Appears in 4 contracts
Samples: Administration Agreement (Oppenheimer Tremont Opportunity Fund LLC), Administration Agreement (Oppenheimer Tremont Market Neutral Fund LLC), Administration Agreement (Ofi Tremont Core Diversified Hedge Fund)
