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.
Appears in 4 contracts
Samples: Operating Agreement (Campus Crest Communities, Inc.), Operating Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)
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.. 13.18
Appears in 1 contract
Samples: Operating Agreement
Limited Liability of Member. Except as expressly required under set forth in Section 3.4 or the Act or required hereunderAct, (i) no Member shall have any liability to contribute money or make loans toMember, the Companyin his capacity as such, and (ii) no Member shall be liable for the debts, liabilities, contracts or any liabilities or other obligations of the Company. No Member shall be obligated to make additional contributions to the capital of the Company except as expressly set forth in Section 3.4 or Section 4.2.4 or as otherwise required under the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Irwin Financial Corporation)
