Common use of Liability of Securityholders Clause in Contracts

Liability of Securityholders. (a) Except as otherwise provided by the Delaware Act, (i) the 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 (ii) no Securityholder shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Securityholder of the Company. (b) A Securityholder, in its capacity as such, shall have no liability other than (i) liabilities that can be satisfied out of its capital contributions, (ii) liabilities that can be satisfied out of its share of any assets and undistributed profits of the Company, (iii) liability for any amounts required to be paid by such Securityholder pursuant to this Agreement or any payment and/or indemnity in connection with the registration of transfers of Securities and (iv) liability for the amount of any distributions wrongfully distributed to it to the extent set forth in the Delaware Act.

Liability of Securityholders. (a) Except as otherwise provided by the Delaware Act, (i) the debts, obligations and liabilities of the CompanyLLC, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company LLC and (ii) no Securityholder shall be obligated personally for any such debt, obligation or liability of the Company LLC solely by reason of being a Securityholder of the CompanyLLC. (b) A Securityholder, in its capacity as such, shall have no liability other than (i) liabilities that can be satisfied out of its capital contributions, (ii) liabilities that can be satisfied out of its share of any assets and undistributed profits of the CompanyLLC, (iii) liability for any amounts required to be paid by such Securityholder pursuant to this Agreement or any payment and/or indemnity in connection with the registration of transfers of Securities and (iv) liability for the amount of any distributions wrongfully distributed to it to the extent set forth in the Delaware Act.

Liability of Securityholders. (a) Except as otherwise provided by the Delaware Act, (i) the 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 (ii) no Securityholder shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Securityholder of the Company. (b) A Securityholder, in its capacity as such, shall have no liability other than (i) liabilities that can be satisfied out of its capital contributions, (ii) liabilities that can be satisfied out of its share of any assets and undistributed profits of the Company, (iii) liability for any amounts required to be paid by such Securityholder pursuant to this Agreement or any payment and/or indemnity in connection with the registration of transfers of Securities and (iv) liability for the amount of any distributions wrongfully distributed to it to the extent set forth in the Delaware Act.liability