Common use of Liability of Members and Managers Clause in Contracts

Liability of Members and Managers. (a) A Member shall only be liable to make the payment of the Member’s initial Capital Contribution pursuant to Section 3.1 and the additional Capital Contributions, if any, required by Section 3.2 hereof. No Member or Manager shall be liable for any obligations of the Company or any other Member or Manager, unless personally guaranteed by the Member or Manager pursuant to a separate document. (b) No Member, except as otherwise specifically provided in the Act, shall be obligated to pay any distribution to or for the account of the Company or any creditor of the Company.

Liability of Members and Managers. (a) A No Member shall only be liable obligated to make any contribution to the payment capital of the Member’s initial Capital Contribution pursuant to Company other than as provided by Article 3 or Section 3.1 and the additional Capital Contributions, if any, required by Section 3.2 5.1(c) hereof. No Member or Manager (including a Person having more than one such capacity) shall be liable to third parties for any debts, obligations or liabilities of the Company or any other of each other, whether arising in tort, contract or otherwise, solely by reason of being a Member or Manager, unless personally guaranteed by the Member or Manager pursuant acting (or omitting to a separate document. act) in such capacity, or participating (bas an employee, consultant, contractor or otherwise) No Member, except as otherwise specifically provided in the Act, shall be obligated to pay any distribution to or for the account conduct of the Company or any creditor business of the Company.

Liability of Members and Managers. (a) A Member shall only be liable to make the payment of the Member’s initial Capital Contribution pursuant to Section 3.1 and the additional 2.1, “Initial Capital ContributionsContributons”, if any, required by Section 3.2 hereof. No Member or Manager shall be liable for any obligations of the Company or any other Member or Manager, unless personally guaranteed by the Member or Manager pursuant to a separate document. (b) . No Member, except as otherwise specifically provided in the Act, shall be obligated to pay any distribution to or for the account of the Company or any creditor of the Company.

Liability of Members and Managers. (a) A Member shall only be liable to make the payment of the Member’s initial Capital Contribution pursuant to Section 3.1 and the additional Capital Contributions, if any, required by Section 3.2 hereof. No Member or Manager shall be liable for any obligations of the Company or any other Member or Manager, unless personally guaranteed by the Member or Manager pursuant to a separate document. (b) No distribution of Net Cash Flow or other cash made to any Member shall be determined a return or withdrawal of a Capital Contribution unless so designated by the Managers, upon the consultation of the Members. No Member, except as otherwise specifically provided in the Act, shall be obligated to pay any distribution to or for the account of the Company or any creditor of the Company.