LIABILITY OF MEMBER AND MANAGER. Neither the Member nor the Manager shall be liable as Member or Manager for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Company Agreement or the Act shall not be grounds for imposing personal liability on the Member or Manager for liabilities of the Company.
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Samples: Operating Agreement of Lenc Software (Williams Electronic Games, Inc.), Operating Agreement of Williams (Williams Electronic Games, Inc.), Operating Agreement (Williams Electronic Games, Inc.)
LIABILITY OF MEMBER AND MANAGER. Neither the Member nor the Manager or Officers shall be liable as Member Member, Manager or Manager Officer for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Company Agreement or the Act shall not be grounds for imposing personal liability on the Member Member, Manager or Manager Officer for any liabilities or obligations of the Company.
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Samples: Operating Agreement (HSI IP, Inc.)
LIABILITY OF MEMBER AND MANAGER. Neither the No Member nor the or Manager shall be liable as Member or Manager for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Company Agreement or the Act shall not be grounds for imposing personal liability on the Member or Manager for any liabilities or obligations of the Company.
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