Common use of Limited Liability Clause in Contracts

Limited Liability. Except as otherwise required by any non-waivable provision of the Act or other applicable law, the Member shall not be personally liable in any manner whatsoever for any debt, liability, or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 147 contracts

Samples: Limited Liability Company Agreement (Iip-Nj 2 LLC), Limited Liability Company Agreement (Iip-Nj 2 LLC), Limited Liability Company Agreement (Iip-Nj 2 LLC)

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Limited Liability. Except as otherwise required by any non-waivable provision of the Delaware Act or other applicable law, the Member shall not be personally liable in any manner whatsoever for any debt, liability, or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 36 contracts

Samples: Operating Agreement (Harrah's Bossier City LLC), Operating Agreement (Harrah's Bossier City LLC), Operating Agreement (Harrah's Bossier City LLC)

Limited Liability. Except as otherwise required by any non-waivable provision of under the Act or other applicable lawas expressly set forth in this Agreement, the no Member shall not be personally liable in any manner whatsoever for any debt, liability, obligation or other obligation liability of the Company, whether such that debt, liability, liability or other obligation arises in contract, tort, tort or otherwise.

Appears in 16 contracts

Samples: Limited Liability Company Agreement (Lilli Ann LLC), Limited Liability Company Agreement (American Seafoods Inc), Limited Liability Company Agreement (Lilli Ann LLC)

Limited Liability. Except as otherwise required by any non-waivable provision of the Act or other applicable law, the Member and any Authorized Delegate shall not be personally liable in any manner whatsoever for any debt, liability, liability or other obligation of the Company, whether such debt, liability, liability or other obligation arises in contract, tort, tort or otherwise.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Verso Quinnesec REP Holding Inc.), Limited Liability Company Agreement (Verso Quinnesec REP Holding Inc.), Limited Liability Company Agreement (Verso Quinnesec REP Holding Inc.)

Limited Liability. Except as otherwise required by any non-waivable nonwaivable provision of the Act or other applicable law, the Member shall not be personally liable in any manner whatsoever for any debt, liability, or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 1 contract

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

Limited Liability. Except as otherwise required by any non-waivable provision of the Act or other applicable law, the Member Member/Manager shall not be personally liable in any manner whatsoever for any debt, liability, or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 1 contract

Samples: Operating Agreement (New Gaming Capital Partnership)

Limited Liability. Except as otherwise required by any non-waivable provision of the Act Act. or other applicable law, the Member shall not be personally liable in any manner whatsoever for any debt, liability, or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 1 contract

Samples: Operating Agreement (New Gaming Capital Partnership)

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Limited Liability. Except as otherwise required by any non-waivable provision of the Act or other applicable law, the Member and Managers shall not be personally liable in any manner whatsoever for any debt, liability, or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 1 contract

Samples: Operating Agreement (New Gaming Capital Partnership)

Limited Liability. Except as otherwise required by any non-waivable provision of the Delaware Act or other applicable law, the Member Members shall not be personally liable in any manner whatsoever for any debt, liability, or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 1 contract

Samples: Operating Agreement (Harrah's Bossier City LLC)

Limited Liability. Except as otherwise required by any non-waivable provision of the Act or other applicable law, the Member shall not be personally liable in any manner whatsoever for any debt, liability, liability or other obligation of the Company, whether such debt, liability, or other obligation arises in contract, tort, or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Verso Sartell LLC)

Limited Liability. Except as otherwise required by any non-waivable provision provisions of the Act or other applicable law, (a) the Member shall not be bound by, or personally liable in any manner whatsoever for for, any debt, expense, liability, or other obligation of the Company, whether such debt, liability, liability or other obligation arises in contract, tort, or otherwise; and (b) the Member shall not in any event have any liability whatsoever in excess of the amount of its Capital Contribution or its share of any assets and undistributed profits of the Company.

Appears in 1 contract

Samples: Contribution Agreement (Beasley Broadcast Group Inc)

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