Common use of Limited Liability of the Member Clause in Contracts

Limited Liability of the Member. Except for contributions specifically required under Section 3.1 or agreed to by a Member as contemplated by Section 3.1 or as otherwise required by the Act, no Member (solely in its capacity as a Member) has any obligation to contribute to the Company or any liability for any Company obligations. Any liability to return distributions made by the Company is limited to mandatory requirements of the Act or of any other applicable law.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.)

AutoNDA by SimpleDocs

Limited Liability of the Member. Except for contributions as specifically required under Section 3.1 or agreed to by a herein, the Member as contemplated by Section 3.1 or as otherwise required by the Act, shall have no Member (solely in its capacity as a Member) has any obligation to contribute to the Company or any and no liability for any Company obligations. Any liability to return distributions made by from the Company is shall be limited to mandatory requirements of the Act or of any other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (AmSurg Rockledge FL Anesthesia, LLC)

AutoNDA by SimpleDocs

Limited Liability of the Member. Except for contributions specifically required under Section 3.1 or agreed to by a the Member as contemplated by Section 3.1 or as otherwise required by the Act, no the Member (solely in its capacity as a Member) has any no obligation to contribute to the Company or any liability for any Company obligations. Any liability to return distributions made by the Company is limited to mandatory requirements of the Act or of any other applicable law.

Appears in 1 contract

Samples: Operating Agreement (Safeway Stores 42, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.