Liability of Officers. No person who is an officer of the Company shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the Company, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being an officer of the Company.
Liability of Officers. (a) No Officer shall be personally liable for the debts and obligations of the Company.
(b) No Officer shall be liable, responsible or accountable in damages or otherwise to the Company or any Member for any action taken or any failure to act (even if such action or failure to act constituted the simple negligence of that Officer) on behalf of the Company within the scope of the authority conferred on such Officer by this Agreement or by law, unless such act or failure to act constituted gross negligence or was performed or omitted willfully or intentionally or in bad faith.
Liability of Officers. The Officers shall not be liable for any debt, obligation, or liability of the Company, including a debt, obligation, a liability under a judgment, decree or order of a court.
Liability of Officers. 14 Section 4.14 Tax Matters Partner............................................................................15 Section 4.15 Duty of Care of Managers and Officers..........................................................15 Section 4.16 Appointment of Committees......................................................................15 ARTICLE V CAPITAL STRUCTURE AND CONTRIBUTIONS
Liability of Officers. 16 Section 4.14 Duty of Care of Managers and Officers...........................16
Liability of Officers. No officer, member, official, employee or agent of the District or Provider shall be individually or personally liable in connection with this Agreement. Nothing contained in this Agreement is a waiver by either party of governmental and/or qualified immunity provided by law.
Liability of Officers. 8 5 DISTRIBUTIONS 8
Liability of Officers. The Executive Board and the officers or assistant officers executing this contract are acting only as agents for the unit owners and shall have no personal liability hereunder (except to the extent, if any, that they are also unit owners at the time any such liability is assessed). Any claim by SRS in respect to this agreement shall be asserted against the Association which shall act on behalf of the unit owners in respect thereto, and any liability hereunder or in respect of the subject matter hereof shall be borne by those who are unit owners at the time such liability may be assessed by the Association as a common expense for which assessment each such unit owner shall be liable only severally to the extent of his proportionate interest.
Liability of Officers. No recourse under or upon any obligation, covenant, or agreement or in the Governmental Note, or under any judgment obtained against the Governmental Lender, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise or under any circumstances, shall be had against any incorporator, member, director, commissioner, employee, agent or officer, as such, past, present, or future, of the Governmental Lender, either directly or through the Governmental Lender, or otherwise, for the payment for or to the Governmental Lender or any receiver thereof, or for or to the Funding Lender, of any sum that may be due and unpaid by the Governmental Lender upon the Funding Loan. Any and all personal liability of every nature, whether at common law or in equity, or by statute or by constitution or otherwise, of any such incorporator, member, director, commissioner, employee, agent or officer, as such, to respond by reason of any act or omission on his or her part or otherwise, for the payment for or to the Governmental Lender or any receiver thereof, or for or to the Funding Lender, of any sum that may remain due and unpaid upon the Funding Loan, is hereby expressly waived and released as a condition of and consideration for the execution of this Project Loan Agreement and the issuance of the Governmental Note.
Liability of Officers. This Agreement and all documents, agreements, understandings, and arrangements relating to this transaction have been executed by the undersigned in his/her capacity as an officer or director of Purchaser which has been formed as a Maryland corporation pursuant to the Articles of Incorporation of Purchaser, and not individually, and neither the directors, officers or stockholders of Purchaser shall be bound or have any personal liability hereunder or thereunder. Seller shall look solely to the assets of Purchaser for satisfaction of any liability of the Purchaser in respect of this Agreement and all documents, agreements, understandings and arrangements relating to the transaction contemplated by this Agreement and will not seek recourse or commence any action against any of the directors, officers or stockholders of Purchaser or any of their personal assets for the performance or payment of any obligation hereunder or thereunder. The foregoing shall also apply to any future documents, agreements, understandings, arrangements and transactions between the parties hereto.
