Liability of the Member. The Member shall not be liable for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 12 contracts
Samples: Operating Agreement (Jefferson Holdings Inc.), Operating Agreement (Jefferson Holdings Inc.), Operating Agreement (Owens Corning)
Liability of the Member. The Member Member, solely by reason of being the Member, shall not be liable liable, under a judgment, decree or order of a court, or in any other manner, for the liabilities a debt, obligation or liability of the Company, whether arising in contract, tort or otherwise. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company. The Company is not intended to be a partnership.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Crestwood Equity Partners LP), Operating Agreement, Limited Liability Company Agreement (Inergy L P)
Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, manager, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 6 contracts
Samples: Operating Agreement (Dolgen I, Inc.), Operating Agreement (Dolgen I, Inc.), Operating Agreement (DGC Properties of Kentucky, LLC)
Liability of the Member. The Member shall not be liable for the liabilities any debts or losses of the Company. The failure capital or profits of the Company or be required to observe any formalities contribute or requirements relating lend funds to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 5 contracts
Samples: Operating Agreement (Everi Games Inc.), Limited Liability Company Agreement (Truven Holding Corp.), Limited Liability Agreement (SRS Labs Inc)
Liability of the Member. The Member shall not be liable have any liability for any debt, obligation or liability of the Company or for the liabilities acts or omissions of any other member, director, officer, agent or employee of the CompanyCompany except to the extent expressly provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not not, by itself, be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 3 contracts
Samples: Operating Agreement (Resource Well Services, LLC), Operating Agreement (Atlas Energy Tennessee, LLC), Operating Agreement (APL SouthTex Pipeline Co LLC)
Liability of the Member. The Member shall not be liable have any liability for the debts, obligations, or liabilities of the CompanyCompany or for the acts or omissions of any other member, officer, agent, or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Jewell Coal & Coke Company, Inc.), Limited Liability Company Agreement (Jewell Coal & Coke Company, Inc.)
Liability of the Member. The Member shall not be liable have any liability for the obligations or liabilities of the Company. The failure of the Company to observe any formalities or requirements relating except to the exercise of its powers or management of its business or affairs under this Agreement or extent provided in the Act shall not be grounds for imposing personal liability on the Member for liabilities of the CompanyAct.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (SNR Wireless LicenseCo, LLC), Limited Liability Company Agreement (SNR Wireless LicenseCo, LLC)
Liability of the Member. The Member shall not be liable as such for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Operating Agreement or the Act shall not be grounds for imposing personal liability on the Member for the liabilities of the Company.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Liability of the Member. The Member shall not be liable have any liability for any debt, obligation or liability of the Company or for the liabilities acts or omissions of any other member, director, officer, agent or employee of the CompanyCompany except to the extent expressly required by the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not not, by itself, be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cooke Bros Holdings LTD), Limited Liability Company Agreement (Cott Holdings Inc.)
Liability of the Member. The To the fullest extent permitted by law, the Member shall not be personally liable either for the obligations, contracts, debts or liabilities of the Company solely by reason of being a Member of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, officer, agent, or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Liability of the Member. The Member shall not be personally liable for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, director, officer, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member, either as a member or management manager of its business or affairs the Company, under this Agreement or the Act shall not not, by itself, be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, director, officer, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Samples: Operating Agreement (DG Retail, LLC)
Liability of the Member. The Member shall not be liable for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.. #1158057v1 Operating Agreement Xxxxx Corning Science and Technology, LLC 5
Appears in 1 contract
Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the CompanyCompany or for the acts or omissions of any other member, officer, agent or employee of the Company except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Liability of the Member. The Member shall not be liable for the liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.. #0000000x0 Operating Agreement Xxxxx Corning Fiberglas Technology II, LLC 5
Appears in 1 contract
Liability of the Member. The Member Member, solely by reason of being the Member, shall not be liable liable, under a judgment, decree or order of a court, or in any other manner, for the liabilities a debt, obligation or liability of the Company, whether arising in contract, tort or otherwise. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Buckeye GP Holdings L.P.)
Liability of the Member. The Member shall not be liable have any liability for the obligations or liabilities of the Company. The failure of the Company to observe any formalities or requirements relating except to the exercise of its powers or management of its business or affairs under this Agreement or extent provided for in the Act shall not be grounds for imposing personal liability on the Member for liabilities of the CompanyAct.
Appears in 1 contract
Liability of the Member. The Member shall not be liable have any liability for the debts, obligations or liabilities of the Company or for the acts or omissions of himself acting as a Member or President or in any other capacity and for any other member, officer, agent, or employee of the Company, except to the extent provided in the Act. The failure of the Company Member to observe any formalities or requirements relating to the exercise of its the powers of the Member or the management of its the business or and affairs of the Company under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Appears in 1 contract
Samples: Operating Agreement