Limited Liability of Member. Without limiting the generality of Section 4.02, the Member shall not be obligated to make any capital contribution to the Company, or otherwise to provide funds to the Company.
Limited Liability of Member. Unless stated in any Basic Document, all debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, will be solely the debts, obligations and liabilities of the Company, and the Member will not be obligated personally for any debts, obligations or liabilities of the Company solely by reason of being a member of the Company.
Limited Liability of Member. The Board of Managers will use commercially reasonable efforts, in the conduct of the Company’s activities and business, to put all Persons with whom the Company deals on notice that the Member is not liable for the Company’s obligations and all agreements to which the Company is a party will state that the Company is a limited liability company formed under the Act.
Limited Liability of Member. Except as expressly required under the Act or required hereunder, (i) no Member shall have any liability to contribute money or make loans to, the Company, and (ii) no Member shall be liable for any liabilities or obligations of the Company.
Limited Liability of Member. (a) The Member shall not be personally obligated to any third party for any debt, obligation or liability of the Company solely by reason of being a member.
(b) The Member shall be liable for its conduct in its individual capacity as provided by law.
Limited Liability of Member. The liability of the Member shall be limited to its capital contribution and to the fullest extent under the Act, and the Member shall not be liable for any debt, obligation or liability of the Company.
Limited Liability of Member. The Member shall not be personally obligated to any third party for any debt, obligation or liability of the Company solely by reason of being a member of the Company.
Limited Liability of Member. Except as otherwise provided by the LLC Act or expressly assumed, 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 Member. The Member shall have no personal liability for any debts or losses of the Company beyond its Interest, except as provided by law. Except as may be required under the Act, the Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Company. The Company herewith indemnifies and holds harmless the Member from any and all loss, damage, liability, or expense incurred by it at any time by reason of or arising out of any act performed by it on behalf of the Company or in furtherance of the interest of the Company.
Limited Liability of Member. The Member’s liability shall be limited to the maximum extent possible as set forth in this Operating Agreement, the Colorado Act and other applicable law. The Member shall not be liable as either a member or as Manager for any debts, obligations, or liabilities of the Company. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Operating Agreement or the Act shall not alone be grounds for imposing personal liability on the Member for liabilities of the Company.
