Limited Liability of the Managers. No person who is a Manager of the Company or any Series shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the Company or any Series, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being a Manager of the Company or any Series.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Freeport Holdings Series LLC), Limited Liability Company Operating Agreement
Limited Liability of the Managers. No person who is a Manager of the Company or any Series shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the Company or any Series, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being a Manager of the Company or any Series.. ACCOUNTING, RECORDS, REPORTING BY MEMBERS
Appears in 1 contract
Samples: Limited Liability Company Agreement
Limited Liability of the Managers. No person or entity who is a Manager of the Company or any Series shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the Company or any Series, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being a Manager of the Company or any Series.Series. ARTICLE 5
Appears in 1 contract
Samples: Operating Agreement
