Common use of Liability of Members Generally Clause in Contracts

Liability of Members Generally. Except as otherwise expressly provided in this Agreement or the Act, no Member shall be obligated to make any contribution of capital or any payment to the Company or have any liability for the debts and obligations of the Company.

Appears in 4 contracts

Samples: Operating Agreement (Acadia Realty Trust), Operating Agreement (Acadia Realty Trust), Operating Agreement (Acadia Realty Trust)

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