Limited Liability of the Member. The Member shall have no personal liability for any debts or losses of the Company beyond its Interest, except as provided by law. Other than as provided in this Agreement and as may be required under the Act, the Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Company.
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Samples: Operating Agreement (CSL Capital, LLC), Operating Agreement (CSL Capital, LLC), Operating Agreement (CSL Capital, LLC)
Limited Liability of the Member. The Member shall have no personal liability for any debts obligations or losses liabilities of the Company beyond its Interest, except as provided unless such obligations or liabilities are expressly assumed by law. Other than as provided in this Agreement and as may be required under the Act, the Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Companyin writing.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Green America Recycling, LLC), Limited Liability Company Agreement (Continental Cement Company, L.L.C.)
Limited Liability of the Member. The Member shall will have no personal liability for any debts obligations or losses liabilities of the Company beyond its Interest, except as provided unless such obligations or liabilities are expressly assumed by law. Other than as provided in this Agreement and as may be required under the Act, the Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Companyin writing.
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