Liability of the Members. No Member shall be liable, responsible or accountable in damages or otherwise to any other Member or to the Company for any act or omission performed or omitted by the Member except for acts of gross negligence or intentional wrongdoing.
Appears in 26 contracts
Samples: Operating Agreement (Ryland Group Inc), Limited Liability Company Operating Agreement (Neighborhoods Capital, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Liability of the Members. No Member shall be liable, responsible or accountable in damages or otherwise to any other Member or to the Company for any act or omission performed or omitted by the Member him except for acts of gross negligence or intentional wrongdoing.
Appears in 2 contracts
Samples: Operating Agreement (Delphi Properties Inc), Operating Agreement (Delphi Corp)
Liability of the Members. No Member shall be liable, responsible have any liability to the Company or accountable in damages or otherwise to any other Member or to for any loss suffered by the Company for which arises out of any act action or omission performed or omitted by inaction of the Member except for acts if the Member, in good faith, determines that such action or inaction is in the best interest of the Company and further provided that such action or inaction does not constitute gross negligence or intentional wrongdoingmisconduct of the Member or a violation of the Act.
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Liability of the Members. No Member shall be liable, responsible liable or accountable to the Company or to any of the Members in damages or otherwise to for any error of judgment, for any mistake of fact or of law, or for any other Member or to the Company for any act or omission performed thing which he, she or omitted by it may do or refrain from doing or suffer to be done in connection with the Member management of the business and affairs of the Company, except for acts in the case of his, her or its bad faith, willful misconduct or gross negligence or intentional wrongdoingnegligence.
Appears in 1 contract
Samples: Limited Liability Company Agreement (General Trust Co)
Liability of the Members. No Member shall be liable, responsible or accountable in damages or otherwise to any other Member or to the Company for any act or omission performed or omitted by the Member him except for acts of gross negligence negligence, intentional wrongdoing or intentional wrongdoingbreach of this Agreement.
Appears in 1 contract
Samples: Operating Agreement (Carrabba's/Colorado-I, Limited Partnership)
Liability of the Members. No Member shall be liable, responsible responsibly or accountable in damages or otherwise to any other Member or to the Company for any act or omission performed or omitted by the Member except for acts of gross negligence or intentional wrongdoing.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Liability of the Members. No Member or Manager shall be liable, responsible or accountable in damages or otherwise to any other Member or to the Company for any act or omission performed or omitted by the Member except for acts of gross negligence or intentional wrongdoing.
Appears in 1 contract
