Liability of Members. No Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 5 contracts
Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)
Liability of Members. No Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company. Except as agreed upon by the MembersCompany except (a) for any unpaid Capital Commitment of such Member, and except (b) as otherwise provided by in the Act or by any other applicable state lawAct, the Members shall be liable only to make their Capital Contributions and (c) as expressly provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Memberthis Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (RSP Permian, Inc.), Limited Liability Company Agreement (RSP Permian, Inc.)
Liability of Members. No Member shall be liable for the debts, liabilities, contracts liabilities or any other obligations of the CompanyCompany beyond such Person’s respective Capital Account or Capital Contributions. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state lawherein, the Members no Member shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans contribute to the capital of, or to loan any funds to, the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.)
Liability of Members. No Member shall be liable for any debts or losses of capital or profits of the debts, liabilities, contracts Company or any other obligations be required to guarantee the liabilities of the Company. Except as agreed upon by set forth in Section 2.2 (to the Membersextent such Member exercises its participation rights), and except as otherwise provided by the Act Section 2.4, or by any other applicable state lawSection 3.3, the Members no Member shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions contribute or loans lend funds to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CERES Coin LLC), Limited Liability Company Agreement (Yangtze River Development LTD), Limited Liability Company Operating Agreement
Liability of Members. No Except as specifically set forth in this Agreement, (i) a Member shall not be liable obligated to make any contribution to the Company of any amount in excess of its Capital Commitment or other payments provided for herein, and (ii) no Member (or former Member) shall have any personal liability whatsoever in its capacity as a Member, for the repayment of debts, liabilities, contracts losses or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Liability of Members. No Member shall be liable for the debts, liabilities, contracts liabilities or any other obligations of the CompanyCompany beyond its respective Initial Capital Contribution. Except as agreed upon by the Membersotherwise expressly provided herein, and except as otherwise provided by the Act or by any other applicable state law, the Members no Member shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans contribute to the capital of, or to loan any funds to, the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Anglo-Suisse Offshore Pipeline Partners, LLC), Limited Liability Company Operating Agreement (Anglo-Suisse Offshore Pipeline Partners, LLC)
Liability of Members. No Member shall be liable for any debts or losses of capital or profits of the debts, liabilities, contracts Company or any other obligations be required to guarantee the liabilities of the Company. Except as agreed upon by the Membersset forth in Section 2.5 or Section 3.3, and except as otherwise provided by the Act or by any other applicable state law, the Members no Member shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions contribute or loans lend funds to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Gigamon LLC)
Liability of Members. No Subject to the provisions of the Act and other applicable law, no Member shall be liable for the debtsrepayment, satisfaction or discharge of any Company liabilities, contracts or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the Company. No Member shall have any personal liability be personally liable for the repayment return of any portion of the Capital Contributions (or loans any return thereon) of any other Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bain Capital Specialty Finance, Inc.), Limited Liability Company Agreement (Bain Capital Specialty Finance, Inc.), Limited Liability Company Agreement (Pennantpark Investment Corp)
Liability of Members. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts, liabilities, contracts debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall A Member may be liable only to make their Capital Contributions as provided the contributions described in Sections Section 2.2 and 2.3 hereof hereof, and shall not be required to lend any funds to the Company, or to make any other Capital Contributions contributions, assessments or loans payments to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Metropcs Networks California, LLC), Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)
Liability of Members. No Except as agreed upon in writings signed by the Members, no Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company. Except as agreed upon in writings signed by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 2.3 and 2.3 2.4 hereof and no Member shall not be required to make any other Capital Contributions or loans to loan any amounts to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member, unless agreed upon in writing.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Whitney Information Network Inc), Limited Liability Company Agreement (Whitney Information Network Inc)
Liability of Members. No Member 27.1 The Members shall be liable not have any liability for the debts, liabilities, contracts or any other obligations of the Company except to the extent of a Member’s share of the assets (including undistributed revenues) of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and The Sole Member shall not be required to make any other Capital Contributions or loans to the Company. No The Company shall indemnify and hold harmless the Sole Member shall have in the event such Sole Member becomes liable, notwithstanding the preceding sentence, for any personal liability for the repayment debt, liability, contract or other obligation of the Capital Contributions or loans of any other MemberCompany.
Appears in 2 contracts
Samples: Operating Agreement (MedAssets Ventures, LLC), Operating Agreement (MedAssets Ventures, LLC)
Liability of Members. No Member shall be liable for the debts, liabilities, contracts liabilities or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Company beyond his respective Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the CompanyContribution. No Member shall have be required to contribute to the capital of, or to loan, the Company any personal liability for the repayment of the Capital Contributions or loans of any other Member.funds. 5.4
Appears in 2 contracts
Samples: Azotto Technology, LLC, Azotto Technology, LLC
Liability of Members. No Except as otherwise provided under the Act, other applicable law or this Agreement, no Member shall be liable for the debtsexpenses, liabilities, contracts liabilities or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act Company or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions contributions or loans payments to the Company. No Member shall have Company or any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 1 contract
Samples: Limited Liability Company Membership Purchase Agreement (Banyan Corp /Or/)
Liability of Members. No Member shall be liable for the any debts, liabilities, contracts obligations or any other obligations losses of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the Company. No Member shall have any guarantee, be the co-maker of, or otherwise assume personal or individual liability for the repayment any indebtedness or obligation of the Capital Contributions or loans Company without the prior written consent of any all other MemberMembers (including the Member assuming such obligations).
Appears in 1 contract
Samples: Limited Liability Company Agreement
Liability of Members. No Except as agreed upon in writings signed by the Members, no Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by Section 29-651 of the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as to the extent provided in Sections 2.2 2.3 and 2.3 2.4 hereof and no 4 Member shall not be required to make any other Capital Contributions or loans to loan any amounts to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any the other Member.
Appears in 1 contract
Samples: Operating Agreement (Udc Homes Inc)
Liability of Members. No Member shall be liable have any personal liability whatsoever in its capacity as a Member for the debts, liabilities, contracts or any other obligations of the Company, except to the extent of Capital Contributions paid to the Company by such Member or as otherwise provided in the Act. Except as agreed upon by the Members, and except as otherwise provided by the Act this Agreement or by any other applicable state law, the Members each Member shall be liable only to make their the Capital Contributions as provided specified in Sections 2.2 3.2 and 2.3 hereof 3.3, and shall not be required to make any other Capital Contributions contributions or loans to lend or advance funds to the Company. No Member shall have Company for any personal liability for the repayment of the Capital Contributions or loans of any other Memberpurpose.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Amerada Hess Corp)
Liability of Members. No Except as otherwise specifically provided in the Operating Documents, no Member shall be liable for the any debts, liabilities, contracts contracts, or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members A Member shall be liable only to make their payments of its Capital Contributions as provided in Sections 2.2 and 2.3 hereof and when due hereunder. After its Capital Contributions shall not be fully paid, no Member shall, except as otherwise required by the Act or by the terms of this Agreement, be required to make any other further Capital Contributions or loans payments or lend any funds to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 1 contract
Liability of Members. No Except as agreed upon in writings signed by the party to be bound thereby, no Member shall be liable for the debts, liabilities, contracts contracts, or any other obligations of the Company. Except as agreed upon by all of the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 2.2, 2.3, and 2.3 hereof 2.4 and no Member shall not be required to make any other Capital Contributions or loans to loan any amounts to the CompanyCompany unless such Member has agreed in writing to make such Capital Contribution or loan. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member to the Company. No Member shall have any obligation to restore or repay to the Company any negative balance standing at any time in such Member’s Capital Account.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)
Liability of Members. No Notwithstanding anything to the contrary herein contained, no Member shall be liable for the any debts, liabilitiesexpenses, contracts liabilities or any other obligations of the Company. Except as agreed upon by the Members, and Company in excess of his Capital Contribution except as otherwise provided by the Act or by any other applicable state law, the Members shall may be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other MemberLaw.
Appears in 1 contract
Samples: Operating Agreement
Liability of Members. No Except as agreed upon in writings signed by the Members, no Member shall be liable for the debts, liabilities, contracts or any other obligations of 6 the Company. Except as agreed upon by the Members, and except as otherwise provided by Section 29-651 of the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as to the extent provided in Sections 2.2 2.3, 2.4 and 2.3 2.5 hereof and no Member shall not be required to make any other Capital Contributions or loans to loan any amounts to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any the other Member.
Appears in 1 contract
Samples: Operating Agreement (Udc Homes Inc)
Liability of Members. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts, liabilities, contracts debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall A Member may be liable only to make their Capital Contributions as provided the contributions described in Sections Section 2.2 and 2.3 hereof hereof, and shall not be required to lend any funds to the Company, or to make any other Capital Contributions contributions, assessments or loans payments to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.ARTICLE III
Appears in 1 contract
Samples: Limited Liability Company Agreement (Triton PCS Holdings Co LLC)
Liability of Members. No Member shall be liable for the debts, liabilities, contracts liabilities or any other obligations of the CompanyCompany beyond such Person’s respective Capital Contribution. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state lawherein, the Members no Member shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans contribute to the capital of, or to loan any funds to, the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 1 contract
Samples: Company Agreement (NGL Supply Terminal Company, LLC)
Liability of Members. No Member shall be liable for the any debts, liabilities, contracts or any other obligations of the Company or be required to lend funds to the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members a Member’s liability shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans limited to the Companyamount of such Member’s Capital Contribution. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.ARTICLE IV POWERS, DUTIES, COMPENSATION, EXCULPATION AND INDEMNIFICATION OF, AND RESTRICTIONS ON, THE MANAGING MEMBER
Appears in 1 contract
Samples: Limited Liability Company Agreement (Berkshire Income Realty Inc)
Liability of Members. No Member shall be liable for the debts, liabilities, contracts liabilities or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act Company beyond his or by any other applicable state law, the Members shall be liable only to make their its respective Initial Capital Contributions as provided in Sections 2.2 and 2.3 hereof and shall not be required to make any other Capital Contributions or loans to the CompanyContribution. No Member shall have be required to contribute to the capital of, or to loan any personal liability for funds to, the repayment of the Capital Contributions or loans of any other MemberCompany.
Appears in 1 contract
Samples: Operating Agreement (Ryan's Restaurant Leasing Company, LLC)
Liability of Members. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts, liabilities, contracts debts or any other obligations or liabilities of the Company solely by reason of being a Member of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall A Member may be liable only to make their Capital Contributions as provided the contributions described in Sections Section 2.2 and 2.3 hereof hereof, and shall not be required to lend any funds to the Company, or to make any other Capital Contributions contributions, assessments or loans payments to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Suncom Wireless Property Co, L.L.C.)
Liability of Members. No Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company, except to the extent of the Member’s capital contributions. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as expressly provided in Sections 2.2 and 2.3 hereof and this Agreement, no Member shall not be required to make any other Capital Contributions or loans contribute to the capital of, or to loan any funds to, the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans of any other Member.
Appears in 1 contract
Samples: Operating Agreement
Liability of Members. No Except as agreed upon in writing signed by a Member, no Member shall be liable for the debts, liabilities, contracts or any other obligations of the Company. Except as agreed upon by the Members, and except as otherwise provided by the Act or by any other applicable state law, the Members shall be liable only to make their Capital Contributions as provided in Sections 2.2 and 2.3 hereof Section 2.2, and shall not be required to make any other Capital Contributions or loans to the Company. No Member shall have any personal liability for the repayment of the Capital Contributions or loans Member Loans of any other Member.
Appears in 1 contract