Common use of Limited Liability of Member Clause in Contracts

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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (AXIS Specialty Finance LLC)

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Limited Liability of Member. The liability of the Member shall be limited to its capital contribution and Subject to the fullest extent under provisions of the Act, and the Member shall not be liable to creditors of the Company for any debtdebts, obligation obligations, liabilities or liability losses of the CompanyCompany beyond the Member’s capital contributions.

Appears in 1 contract

Samples: Operating Agreement (BioExpress, LLC)

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 have any liability for any debt, obligation the obligations or liability liabilities of the CompanyCompany except to the extent provided in the Act.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Foamex Capital Corp)

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Limited Liability of Member. The Member’s liability of the Member shall be limited to its capital contribution as set forth in this Agreement, the Act and to the fullest extent under the Act, and the other applicable law. The Member shall not be bound by, or personally liable for any debtfor, obligation the expenses, liabilities or liability obligations of the Company beyond the amount contributed by the Member to the capital of the Company, except as provided in the Act. The Member shall be liable for the Member’s conduct other than as a Member as provided by law.

Appears in 1 contract

Samples: Operating Agreement (Radiation Therapy Services Holdings, Inc.)

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