Common use of Limitation of Liability of Members Clause in Contracts

Limitation of Liability of Members. Except as provided for in Section 6.4 no Member shall be liable for the debts, obligations or liabilities of the Company, including under a judgment, decree or order of court, except as may be otherwise expressly agreed to in writing by such Member directly to the applicable third Person.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Agl Resources Inc), Limited Liability Company Agreement (Piedmont Natural Gas Co Inc)

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Limitation of Liability of Members. Except as provided for in Section 6.4 6.4, no Member shall be liable for the debts, obligations or liabilities of the CompanyCompany or its Subsidiaries, including under a judgment, decree or order of court, except as may be otherwise expressly agreed to in writing by such Member directly to the applicable third Person.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Piedmont Natural Gas Co Inc), Limited Liability Company Agreement (Agl Resources Inc)

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Limitation of Liability of Members. Except as provided for in Section 6.4 no Member Members shall not be liable for the any debts, obligations or liabilities of the CompanyCompany or each other, including under a judgmentwhether arising in tort, decree contract or order otherwise, solely by reason of courtbeing such Member. However, except each Member shall remain personally liable for payment of his or its Capital Contribution as may be set forth in Section 502 of the Act or as otherwise expressly agreed to provided in writing by such Member directly to the applicable third Personthis Agreement.

Appears in 1 contract

Samples: Operating Agreement (MPM Silicones, LLC)

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