Common use of Member Limited Liability Clause in Contracts

Member Limited Liability. The sole Member of the Company is Sheridan Healthcorp, Inc. Said Member holds all of the Interests and Units in the Company. The Member shall not have any personal liability whatsoever in its capacity as a Member, whether to the Company, or to the creditors of the Company, for the debts, liabilities, contracts, or any other obligations of the Company, or for any losses of the Company.

Appears in 3 contracts

Samples: Operating Agreement (Sheridan Children's Healthcare Services of Arizona, Inc.), Operating Agreement (Sheridan Children's Healthcare Services of Arizona, Inc.), Operating Agreement (Sheridan Children's Healthcare Services of Arizona, Inc.)

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Member Limited Liability. The sole Member of the Company is Sheridan HealthcorpAcquisition Associates, Inc. P.A. Said Member holds all of the Interests and Units in the Company. The Member shall not have any personal liability whatsoever in its capacity as a Member, whether to the Company, or to the creditors of the Company, for the debts, liabilities, contracts, or any other obligations of the Company, or for any losses of the Company.

Appears in 1 contract

Samples: Operating Agreement (Sheridan Children's Healthcare Services of Arizona, Inc.)

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