Limited Liability Formalities Sample Clauses

Limited Liability Formalities. The Equityholder will adhere to the limited liability formalities of the Borrower in all transfers of assets and other transactions between the Equityholder and the Borrower. In general, the Equityholder observes the appropriate limited liability company formalities of the Borrower under Applicable Law.
Sample 1Sample 2Sample 3See All (19)
AutoNDA by SimpleDocs
Limited Liability Formalities. 128133 Section 17.19 Intent of the Parties. 133
Sample 1
Limited Liability Formalities. The Seller will adhere to the limited liability formalities of the Borrower in all transfers of assets and other transactions between the Seller and the Borrower. In general, the Seller shall observe the appropriate limited liability company formalities of the Borrower under Applicable Law.
Sample 1

Related to Limited Liability Formalities

  • Limited Liability Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • The Limited Liability Company The Members have created a limited liability company: [NAME OF THE LLC] ("Company") and formed on the date of [FORMATION DATE] in the State of Maine (“Governing Law”). The operations of the Company shall be governed by the laws located in the State of Governing Law and in accordance with this Agreement as follows:

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