Liability of Members and Officers. No member, member designee, or officer (each, an “Indemnified Person”) shall have any liability for the obligations or liabilities of the Company, except to the extent, if any, expressly provided in the Act.
Appears in 18 contracts
Samples: Limited Liability Company Agreement (GBC Metals, LLC), Limited Liability Company Agreement (GBC Metals, LLC), Limited Liability Company Agreement (GBC Metals, LLC)
Liability of Members and Officers. (a) No member, member designee, or officer (eachshall be personally liable for any indebtedness, an “Indemnified Person”) shall have any liability for the or obligations or liabilities of the Company, except to the extent, if any, expressly provided in the ActAct or any other applicable law.
(b) No member shall have personal liability to the Company for damages for any breach of duty in its capacity as a member of the Company.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Rykomusic, Inc.), Limited Liability Company Agreement (Rykomusic, Inc.), Limited Liability Company Agreement (Rykomusic, Inc.)
Liability of Members and Officers. No current or former member, member designee, or officer (each, an “Indemnified Person”) shall have any liability for the obligations or liabilities of the Company, except to the extent, if any, expressly provided in the Act.
Appears in 2 contracts
Samples: Operating Agreement (Grede Wisconsin Subsidiaries LLC), Operating Agreement (Jernberg Industries, LLC)
