Members Liability. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts or any other obligations or liabilities of the Company and each Member shall be liable only to make its Capital Contributions and shall not be required to restore a deficit balance in its Capital Account or to lend any funds to the Company or, after its Capital Contributions have been made pursuant to Article II, to make any additional contributions, assessments or payments to the Company; provided that a Member may be required to repay distributions made to it as provided in Section 18-607 of the Act. None of the Members, the Manager or the Special Purpose Manager shall have any personal liability for the repayment of any Capital Contributions of any Member.
Members Liability. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the Debts or any other obligations or liabilities of the Company. A Member shall be liable only to make its Capital Contributions and shall not be required to restore a deficit balance in its Capital Account or to lend any funds to the Company or, after its Capital Contributions have been made, to make any additional contributions, assessments or payments to the Company. The Manager shall not have any personal liability for the repayment of any Capital Contributions of any Member.
Members Liability. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the Debts or any other obligations or liabilities of the Company solely by reason of being a member of the Company. A Member shall be liable only to make the Contributions described in Section 2, on the terms therein described, and shall not be required to lend any funds to the Company, or to make any other contributions, assessments or payments to the Company; provided that a Member may be required to repay distributions made to it as provided in Section 18-607 of the Act or Section 3.6 hereof. 5.7
Members Liability. It is understood that the Owner of the Building is a Maryland limited liability company. All obligations of the Owner hereunder are limited to the net assets of the Owner from time to time. No member of Owner, or of any successor partnership, whether now or hereafter a member, shall have any personal responsibility or liability for the obligations of Owner hereunder.
Members Liability. You are responsible for all transfers you authorize using your EFT services under this Agreement. If you permit other per- sons to use an EFT service, Card or PIN, you are responsible for any transactions they authorize or conduct on any of your accounts. However, tell us at once if you believe anyone has used your Account, Card or PIN and accessed your accounts without your authority. Telephoning is the best way of keep- ing your possible losses down. For Check Card transactions see the Debit Card Agreement and Disclosure. For all other EFT transactions if you tell us within two (2) business days, you can lose no more than $50 if someone accessed your account without your permission. If you do not tell us within two (2) business days after you learn of the unauthorized use of your account or EFT service, and we can prove that we could have stopped someone from accessing your account without your permission if you had told us, you could lose as much as $500. Your liability for unauthorized line-of-credit transactions through an EFT service is $50.00. Also, if your statement shows EFT transfers that you did not make, tell us at once. If you do not tell us within sixty (60) days after the statement was mailed to you, you may be liable for the following amounts if we can prove that we could have stopped someone from making the transfers if you had told us in time: (i) for unauthorized Check Card purchase transac- tions—up to the limits set forth above and (ii) for all other unauthorized EFT transactions—up to the full amount of the loss. If a good reason (such as a hospital stay) kept you from telling us, we will extend the time period. If you believe your card has been lost or stolen or that some- one has transferred money from your account without your permission, call: (000) 000-0000 or (000) 000-0000, come in to your nearest branch, or write us at Maps Credit Union, XX Xxx 00000, Xxxxx, XX 00000 To block lost or stolen credit or debit cards: • Call: 000-000-0000 or 0-000-000-0000
Members Liability. No Member shall be liable under a judgment, decree or order of a court, or in any other manner for the debts or any other obligations or liabilities of the Company. A Member shall be liable only to make its Capital Contributions and shall not be required to restore a deficit balance in its Capital Account or to lend any funds to the Company or, after its Capital Contributions have been made, to make any additional contributions, assessments or payments to the Company, provided that a Member may be required to repay distributions made to it as provided in Section 4 or the Act. A Committee Representative shall not have any personal liability for the repayment of any Capital Contributions of any Member.
Members Liability. The liability of each Member, as such, shall be limited to the amount of capital contributions that it has made. The provisions of this LLC Operating Agreement are not intended to be for the benefit of any creditor or other person to whom any debts, liabilities, or obligations are owed by (or who otherwise has any claim against) the Company or any Member; and no such creditor or other person shall obtain any benefit from such provisions or shall, by reason of any such foregoing provision, make any claim in respect of any debt, liability, or obligation against the Company or the Members.
Members Liability. (a) Except as otherwise provided herein and by applicable law, no Member shall be liable under a judgment, decree, or order of a court, or in any other manner for any other obligations or liabilities of the Company solely by reason of being a Member. A Member shall be liable only to make its Capital Contribution pursuant to Section 2.1 and shall not be required to restore a deficit balance in its Capital Account (other than pursuant to Section 13.3) or to lend any funds to the Company or, after its Capital Contribution has been made pursuant to Section 2.1, to make any additional contributions, assessments, or payments to the Company; provided that a Member may be required to repay distributions made to it as provided in the Act, subject to Section 4.4.
(b) Notwithstanding anything to the contrary in this Agreement, in no event will any indemnification obligation of the Company or a receiver or trustee to indemnify, save harmless, or pay all Expenses set forth in Section 6.7 subject any Member to personal liability.
Members Liability. (a) The Members, Construction Representatives and Representatives shall not be responsible or accountable in damages or otherwise to the LLC, any Member, Construction Representative, Representative or any other Person for any acts performed in good faith within the scope of authority conferred on them by this Agreement, or for their performance of, or failure or refusal to perform, any acts required by or prohibited or inhibited by any governmental act or decree of any nature. The Members, Construction Representatives and Representatives shall be entitled to indemnity from the LLC on account of any claim, liability, action or damage arising from or relating to any action taken by them, in good faith, for or on behalf of the LLC as aforesaid.
(b) Notwithstanding the foregoing, and subject to the management prerogatives of each of the Members under this Agreement, each Member agrees to act in good faith in participating in the affairs of the LLC and in approving and taking actions required for the LLC to efficiently conduct its operations so as to accomplish the purposes of the LLC, including by (i) attending, or causing its Construction Representative and Representatives to attend, meetings of the Members, the Construction Committee or the Operating Committee, as applicable, (ii) executing contracts and other documents that have been approved under this Agreement, including checks for expenses that have been approved during the budgeting process or otherwise, and (iii) otherwise not impeding the ability of the LLC to accomplish its purposes so as to permit the efficient construction and operation of the Common Areas.
(c) In the event any action or proceeding is instituted or threatened against any Member, Construction Representative, Representative or any of them, or any officer, director, shareholder, guarantor or employee of a Member, in connection with the LLC Property or the business or affairs of the LLC (except actions or proceedings between the Members or by the LLC) or to which any of the foregoing may be a party on behalf of the LLC, each Member, Construction Representative or Representative, as the case may be, shall be entitled to retain legal counsel and other experts at the expense of the LLC and (subject to the limitation of liability set forth in Section 3.5(a)) any of the foregoing shall be immediately reimbursed for, indemnified against and held harmless by the LLC with respect to all liabilities, costs and expenses arising out of, or in co...
Members Liability. You agree to notify Alterna immediately if you become aware of unusual, suspicious or fraudulent activity on any Account, a mobile device used to conduct banking with Alterna is lost or stolen, or if the Password becomes known to anyone other than you, or a Signing Authority on the Account. You will be (a) responsible and liable for compliance with this Agreement, and (b) liable for all Transactions concluded using the Services. Notwithstanding the forgoing, you will not be liable for unauthorized Transactions that occur after you have notified Alterna that the member’s online, mobile or telephone bankinghas been compromised or that the Password has become known to someone else, provided Alterna is able to confirm the date and time of the report and the clarity of the information provided in your notification.
