Common use of Limitation on Liability of BH Investor Clause in Contracts

Limitation on Liability of BH Investor. Notwithstanding anything contained in this Agreement to the contrary, any liability of BH Investor arising under this Agreement or in respect of the Company shall be satisfied solely from the interest of BH Investor in the Company, and each Member and any other Person having the right to enforce such liability shall look solely to the interest of BH Investor in the Company for the satisfaction of such liability and shall have no claim or recourse against any other asset of BH Investor. In no event shall any of the partners, officers, directors, agents or advisors of BH Investor be held to any personal liability whatsoever or be liable for any of the obligations of BH Investor, nor shall the property of any such Persons be subject to the payment of any obligations of BH Investor arising under this Agreement or in respect of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Behringer Harvard Opportunity REIT I, Inc.), Limited Liability Company Agreement (Behringer Harvard Opportunity REIT I, Inc.), Limited Liability Company Agreement (Behringer Harvard Opportunity REIT I, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!