Liability of the Members Generally. Except as otherwise expressly provided in this Agreement or the Act, no Member (or former Member) shall be obligated to make any contribution of capital to the Company or have any liability for the debts and obligations of the Company. This Section 1.6 is in furtherance of, and not in limitation of, Section 18-303(a) of the Act.
Appears in 3 contracts
Samples: Formation, Contribution and Investment Agreement (MSG Spinco, Inc.), Formation, Contribution and Investment Agreement (Madison Square Garden Co), Limited Liability Company Agreement (Cablevision Systems Corp /Ny)
Liability of the Members Generally. Except as otherwise expressly provided in this Agreement or and/or the Act, no Member (or former Member) shall be obligated to make any contribution of capital (or lend any funds) to the Company Company. Except as otherwise expressly provided in the Act (and without limitation of any capital contribution obligations expressly specified in this Agreement and/or the Act), no Member (or former Member) shall have any liability for the debts and and/or obligations of of, or any obligation to make any capital contribution or loan to, the Company. This Section 1.6 2.8 is in furtherance of, and not in limitation of, Section 18-303(a) of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Seaport Entertainment Group Inc.)
