Common use of Limitation of Liability of Members Clause in Contracts

Limitation of Liability of Members. Each Member’s liability shall be limited as set forth in the Act and other Applicable Law. Except as otherwise required by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the Company, and the Members shall not be obligated personally for any of such debts, obligations or liabilities solely by reason of being a Member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Partners, Lp)

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Limitation of Liability of Members. Each Member’s liability shall be limited as set forth in the Act and other Applicable Law. Except as otherwise required provided by the Actapplicable law, the debts, obligations obligations, and liabilities of the Company, whether arising in contract, tort tort, or otherwise, shall be solely the debts, obligations obligations, and liabilities solely of the Company, and the Members no Member or Manager shall not be obligated personally for any such debt, obligation, or liability of such debts, obligations or liabilities the Company solely by reason of being a Member or acting as a Manager of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Diversified Health & Fitness Inc), Operating Agreement (Diversified Health & Fitness Inc)

Limitation of Liability of Members. Each Member’s 's liability shall be limited as set forth in the Act and other Applicable applicable Law. Except as otherwise required by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the Company, and the Members shall not be obligated personally for any of such debts, obligations or liabilities solely by reason of being a Member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Advanced Emissions Solutions, Inc.)

Limitation of Liability of Members. Each Member’s liability shall be limited as set forth in the Act and other Applicable Law. Except as otherwise required by the Act, the The debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and the Members ; no Member or Manager shall not be obligated personally for any such debt, obligation or liability of such debts, obligations or liabilities the Company solely by reason of being a Member of the Companyor Manager except as otherwise required by law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vornado Operating Co)

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Limitation of Liability of Members. Each Member’s 's liability shall be limited as set forth in the Act and other Applicable Lawapplicable law. Except as otherwise required by the Act, the All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and the Members no Member shall not be obligated personally for any such debt, obligation or liability of such debts, obligations or liabilities the Company solely by reason of being a Member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Cinergy Corp)

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