Liability to Third Parties; Duties and Obligations. (a) Except as may be expressly provided in another separate, written guaranty or other agreement executed by a Member or as required by the Delaware LLC Act, no Member shall be liable for the Liabilities of the Company, including under a judgment, decree or order of a court, solely by reason of being a Member of the Company. Except as otherwise provided in this Agreement, no Member has the authority or power to act for or on behalf of or bind the Company or to incur any expenditures on behalf of the Company.
Appears in 12 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Sanchez Production Partners LP)
Liability to Third Parties; Duties and Obligations. (a) Except as may be is expressly provided in another separate, written guaranty or other agreement executed by a Member or as required by the Delaware LLC Act, no Member shall be is liable for the Liabilities of the Company, including under a judgment, decree or order of a court, solely by reason of being a Member of the Company. Except as otherwise provided in this Agreement, no Member has the authority or power to act for or on behalf of or bind the Company or to incur any expenditures on behalf of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement (Mid-Con Energy Partners, LP)
Liability to Third Parties; Duties and Obligations. (a) Except as may be is expressly provided in another separate, written guaranty or other agreement executed by a the Member or as required by the Delaware LLC Act, no the Member shall not be liable for the Liabilities of the Company, including under a judgment, decree or order of a court, solely by reason of being a Member of the Company. Except as otherwise provided in this Agreement, no the Member has shall have the authority or power to act for or on behalf of or bind the Company or to incur any expenditures on behalf of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP)
Liability to Third Parties; Duties and Obligations. (a) Except as may be expressly provided in another separate, written guaranty or other agreement executed by a Member or as required by the Delaware LLC Act, no Member or Director shall be liable for the Liabilities of the Company, including under a judgment, decree or order of a court, solely by reason of being a Member member or manager of the Company. Except as otherwise provided in this Agreement, no Member or Director has the authority or power to act for or on behalf of or bind the Company or to incur any expenditures on behalf of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (LRR Energy, L.P.)
Liability to Third Parties; Duties and Obligations. (a) Except as may be expressly provided in another separate, written guaranty or other agreement executed by a the Member or as required by the Delaware LLC Act, no the Member shall not be liable for the Liabilities of the Company, including under a judgment, decree or order of a court, solely by reason of being a the Member of the Company. Except as otherwise provided in this Agreement, no the Member has does not have the authority or power to act for or on behalf of or bind the Company or to incur any expenditures on behalf of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Memorial Production Partners LP)
