Liability of the Officers and the Member Sample Clauses

Liability of the Officers and the Member. 6.6.1 No Member or Officer shall be liable, in damages or otherwise, for any error of judgment, for any mistake of fact or of law, or for any other act or thing which such Member or Officer may do or refrain from doing in connection with the business and affairs of the Company except to the extent required by this Agreement, the Georgia Act and other applicable law. Notwithstanding the provisions of O.C.G.A. § 14-11-305(1), neither the Member nor the Officers shall be liable for any action taken in managing the business and regulating the affairs of the Company except for liability for intentional misconduct or a knowing violation of law, or for any transaction for which the Member or Officer received a personal benefit in violation or breach of any provision of this Agreement. 6.6.2 If the Georgia Act is hereafter amended to authorize the further elimination or limitation of the liability of members or managers, then the liability of the Member and the Officers, in addition to the limitation on liability provided herein, shall be limited to the fullest extent permitted by the amended Georgia Act. In the event that any of the provisions of this Section 6.6 (including any provision within a single sentence) is held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, the remaining provisions are severable and shall remain enforceable to the fullest extent permitted by law.