Common use of Liability of Managers Clause in Contracts

Liability of Managers. Except in the case where the Managers are guilty of fraud, gross negligence, misconduct, reckless disregard of duty or a criminal act which is a felony, no Manager shall be liable to the Company or any Member for any loss, damage, liability or expense suffered by the Company or any Member on account of any action taken or omitted to be taken by him as a Manager.

Liability of Managers. Except in the case where So long as the Managers are guilty act in good faith with respect to the conduct of fraud, gross negligence, misconduct, reckless disregard the business and affairs of duty or a criminal act which is a felonythe Company, no Manager shall be liable or accountable to the Company error or any Member judgement, for any lossmistake of fact or of law, damageor for any other thing which he may do or refrain from doing in connection with the business and affairs of the Company, liability except for willful misconduct or expense suffered by gross negligence or breach of contractual obligations or agreements between the Company or any Member on account of any action taken or omitted to be taken by him as a ManagerManagers and the Company.

Liability of Managers. Except in the case where the Managers are guilty of fraud, gross negligence, misconduct, reckless disregard of duty or a criminal act which is a felony, no Manager the Managers shall not be liable to the Company or any other Member for any loss, damage, liability or expense suffered by the Company or any other Member on account of any action taken or omitted to be taken by him as a Manager.

Liability of Managers. Except in the case where So long as the Managers are guilty act in good faith with respect to the conduct of fraud, gross negligence, misconduct, reckless disregard the business and affairs of duty or a criminal act which is a felonythe Company, no Manager shall be liable of accountable to the Company or to any Member of the Members, in damages or otherwise, for any losserror or judgment, damagefor any mistake of fact or of law, liability or expense suffered by for any other act or thing that he or she may do or refrain from doing in connection with the Company business and affairs of the Company, except for willful misconduct or any Member on account of any action taken or omitted to be taken by him as a Managergross negligence.

Liability of Managers. Except So long as the Manager acts in good faith with respect to the case where conduct of the Managers are guilty business and affairs of fraud, gross negligence, misconduct, reckless disregard of duty or a criminal act which is a felonythe Company, no Manager shall be liable or accountable to the Company or to any Member of the Members, in damages or otherwise, for any losserror of judgment, damagefor any mistake of fact or of law, liability or expense suffered by for any other act or thing that he or she may do or refrain from doing in connection with the Company business and affairs of the Company, except for willful misconduct or any Member on account gross negligence or breach of any action taken fiduciary duty, and further except for breaches of contractual obligations or omitted to be taken by him as a Manageragreements between the Manager and the Company.

Liability of Managers. Except in the case where the Managers are it is guilty of fraud, gross negligence, misconduct, willful misconduct or reckless disregard of duty or a criminal act which is a felonyduty, no Manager or Management Committee Member shall be liable to the Company or any Member or other Manager or Management Committee Member for any loss, damage, liability or expense suffered by the Company or any Member or other Manager or Management Committee Member on account of any action taken or omitted to be taken by him it as a ManagerManager or Management Committee Member.

Liability of Managers. Except in the case where So long as the Managers are guilty act in good faith with respect to the conduct of fraud, gross negligence, misconduct, reckless disregard the business and affairs of duty or a criminal act which is a felonythe Company, no Manager shall be liable or accountable to the Company or to any Member of the Members, in damages or otherwise, for any losserror of judgment, damagefor any mistake of fact or of law, liability or expense suffered by for any other act or thing that he may do or refrain from doing in connection with the Company business and affairs of the Company, except for willful misconduct or any Member on account gross negligence or breach of any action taken fiduciary duty, and further except for breaches of contractual obligations or omitted to be taken by him as a Manageragreements between the Managers and the Company.