Liability of Members to the Company Sample Clauses

Liability of Members to the Company. A Member is liable to the Company: (i) for the difference between his or its contribution to capital as actually made and that is stated in the Articles, this Agreement, Subscription or other document executed by the Member as having been made by the Member; and (ii) for any unpaid Capital Contribution which he, she or it agreed in the Articles, this Agreement, or any Subscription or other document executed by the Member to make in the future at the time and on the conditions stated in the Articles, Agreement, Subscription or other document evidencing such agreement. No Member shall be excused from an obligation to the Company to perform any promise to contribute money, property or to perform services because of death, disability, dissolution or any other reason.
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Liability of Members to the Company. A Member is liable to the Company: (i) for the difference between his or its contribution to capital as actually made and that is stated in the Articles, this Agreement or other document executed by the Member as having been made by the Member; and (ii) for any unpaid Capital Contribution which he or it agreed in the Articles, this Agreement or other document executed by the Member to make in the future at the time and on the conditions stated in the Articles, Agreement or other document evidencing such agreement. No Member shall be excused from an obligation to the Company to perform any promise to contribute money, property or to perform services because of death, disability, dissolution or any other reason.
Liability of Members to the Company. Unless otherwise provided by the Act or this Agreement, the Members shall be liable only to make their respective Initial Capital Contributions set forth in Schedule I hereto, and no Member shall be required to lend any funds to the Company, or, after a Member’s Initial Capital Contribution has been fully paid, to make any further Capital Contributions to the Company. No Member shall have any personal liability for the repayment of any Capital Contribution made by any other Member. It is intended that the Company seek any additional capital needed by it through third party financing. Any debt or equity capital sought from the Members will be solicited on a pre-emptive basis from the Members pro rata in accordance with their Common Unit holdings.
Liability of Members to the Company. Members shall be liable to the Company for capital contributions as and to the extent provided by Section 1705.23 of Chapter 1705.
Liability of Members to the Company. A Member shall be liable to the Company for payment of the capital contributions set forth in Exhibit 4.1.1 as and to the extent provided by the Act.
Liability of Members to the Company. A Member shall be liable to the ----------------------------------- Company for capital contributions only as and to the extent provided by Section 18-502 of the Act.

Related to Liability of Members to the Company

  • Liability of Members The Members shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

  • Liability of Member The Member shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Liability of a Member The liability of each Member shall be limited as provided in the Delaware Act and as set forth in this Agreement. No Member shall be obligated to restore by way of Capital Contribution or otherwise any deficits in its Capital Account (if such deficits occur).

  • Liability of General Partner The General Partner is not liable, responsible, or accountable in damages or otherwise to the Limited Partner or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The General Partner is liable to the Limited Partner only for conduct that involves gross negligence, bad faith, or fraud.

  • No Liability of Members 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.

  • Liability of Partners (a) No Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by the Act.

  • No Liability of Member Except as otherwise specifically provided in the Act, the Member shall not have any personal liability for the obligations of the Company. Except as provided in Section 4.1, the Member shall not be obligated to contribute funds or loan money to the Company.

  • Liability of the Company The Company shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Company herein.

  • Liability of Member and Managers Neither the Member nor any manager shall have any liability for the obligations or liabilities of the Company except to the extent provided herein or in the Act.

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