Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Williams Partners L.P.)
Limited Liability of Members. No To the fullest extent permitted by applicable Law, no Member shall be personally liable for any debts, liabilities or obligations of the Company; provided provided, that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Atlas Pipeline Partners Lp), Limited Liability Company Agreement (Atlas Pipeline Holdings, L.P.)
Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ONEOK Partners LP)
Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; , provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (DCP Midstream Partners, LP)
Limited Liability of Members. No Member The Members shall not be personally liable for any debts, liabilities or obligations of the Company; provided that each Member the Members shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Appears in 1 contract
Samples: Operating Agreement (Era Group Inc.)
Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; , provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.. Project Gator—2nd Amended LLC Agreement Final 22
Appears in 1 contract
Samples: Limited Liability Company Agreement (DCP Midstream Partners, LP)
