Common use of Limitation of Liability of Members Clause in Contracts

Limitation of Liability of Members. No Member shall have any liability or obligation for any debts, liabilities or obligations of the Company, or of any agent or employee of the Company, beyond the Member’s Capital Contribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Resource America Inc), Limited Liability Company Agreement (LEAF Equipment Finance Fund 4, L.P.)

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Limitation of Liability of Members. No Member shall have any liability or obligation for any debts, liabilities or obligations of the Company, or of any agent or employee of the Company, beyond the Member’s Capital Contributioncapital contribution, except as may be expressly required by this Agreement or applicable law.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Conversion Labs, Inc.)

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Limitation of Liability of Members. No Member The Members shall not have any liability or obligation for any debts, liabilities or obligations of the Company, or of any agent or employee of the Company, beyond the a Member’s Capital Contributioncapital contribution, except as may be expressly required by this Agreement or applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (LEAF Equipment Finance Fund 4, L.P.)

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