Liability of Member. All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.), Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.), Limited Liability Company Operating Agreement (Wizard Co., Inc.)
Liability of Member. All Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a MemberMember or acting as a Manager of the Company.
Appears in 3 contracts
Samples: Operating Agreement (Shelby Run Mining Company, LLC), Operating Agreement (Otter Creek Coal, LLC), Operating Agreement (Arch Development, LLC)
Liability of Member. All Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Membermember or manager of the Company.
Appears in 2 contracts
Samples: Purchase Agreement (Chefford Master Manufacturing Co Inc), Limited Liability Company Agreement (Chefford Master Manufacturing Co Inc)
Liability of Member. All Except as otherwise required by LLCA, the debts, obligations obligations, and liabilities of the Company, whether arising in contract, tort tort, or otherwise, shall be solely the debts, obligations obligations, and liabilities of the Company, and no Member the Member, the Board Members or any Officer shall not be obligated personally liable for any such debt, obligation obligation, or liability of the Company solely by reason of being or acting as a Membermember, manager or officer of the Company or participating in the management, control, or operation of the business of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Csac Acquisition Inc.), Operating Agreement (Csac Acquisition Inc.)
Liability of Member. All Except as otherwise provided by applicable law, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member (and its Affiliates) shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Membermember (or an Affiliate thereof) of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Compass Diversified Trust), Operating Agreement (Compass Diversified Trust)
Liability of Member. All (a) Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Membermember of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Alliance Laundry Systems LLC), Limited Liability Company Agreement (Alliance Laundry Systems LLC)
Liability of Member. All Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Membermember of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wcof, LLC), Limited Liability Company Agreement (Neiman Marcus Group LTD Inc.)
Liability of Member. All Except as otherwise provided by the Act or herein, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Membermember of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DG Retail, LLC), Limited Liability Company Agreement (DG Retail, LLC)
Liability of Member. All Except as otherwise provided by applicable law, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member or any Director shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a MemberMember or a Director of the Company.
Appears in 1 contract
Samples: Operating Agreement (Atlas Industries Holdings LLC)
Liability of Member. All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Membermember. The Member shall not be required to contribute or lend funds to the Company.
Appears in 1 contract
Samples: Registration Rights Agreement (B. Riley Principal Merger Corp. II)
Liability of Member. All The debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall will be solely the debts, obligations and liabilities of the Company, and no the Member shall and Manager will not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Memberthe Member and Manager or by participating in the management of the Company.
Appears in 1 contract
Samples: Operating Agreement
Liability of Member. All The debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no the Member shall not be obligated liable personally for any such debt, obligation or liability of the Company solely by reason of being a Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (LaBarge/STC, Inc.)
Liability of Member. All Except as otherwise required by XXXXXX, the debts, obligations obligations, and liabilities of the Company, whether arising in contract, tort tort, or otherwise, shall be solely the debts, obligations obligations, and liabilities of the Company, and no Member the Member, Board of Managers or any Officer shall not be obligated personally liable for any such debt, obligation obligation, or liability of the Company solely by reason of being or acting as a Membermember, manager or officer of the Company or participating in the management, control, or operation of the business of the Company.
Appears in 1 contract
