Common use of Limited Liability of Member Clause in Contracts

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. Unless stated in Except as otherwise required by any Basic Documentnon- waivable provision of the Act or other applicable law, all the debts, obligations obligations, and liabilities of the Company, whether arising in contract, tort or otherwise, will shall be solely the debts, obligations and liabilities of the Company, and the Member will shall not be obligated personally for any debtssuch debt, obligations obligation or liabilities liability of the Company solely by reason of being a member the Member or participating in the management of the Company.

Limited Liability of Member. Unless stated in Except as otherwise required by any Basic Documentnon-waivable provision of the Act or other applicable law, all the debts, obligations obligations, and liabilities of the Company, whether arising in contract, tort or otherwise, will shall be solely the debts, obligations and liabilities of the Company, and the Member will shall not be obligated personally for any debtssuch debt, obligations obligation or liabilities liability of the Company solely by reason of being a member the Member or participating in the management of the Company.