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
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Samples: Operating Agreement (Pepco Holdings Inc), Operating Agreement (Pepco Holdings Inc)
Members Liability. No Member shall be liable under a judgment, decree 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 Liabilities of the Company. A Member shall be liable only to make the Contributions described in Section 2, on the terms therein described, its Capital Contribution pursuant to Article II and shall not be required to restore a deficit balance in its Capital Account or to lend any funds to the CompanyCompany or, or after its Capital Contribution has been made pursuant to Article II, to make any other additional contributions, assessments or payments to the Company; provided provided, that a Member may be required to repay distributions made to it as provided in Section 18-607 of under the Act or subject to Section 3.6 hereof. 5.74.4.
Appears in 2 contracts
Samples: LLC Operating Agreement, Operating Agreement
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 Member of the Company. A Member shall be liable only to make the Capital Contributions described in Section 23, 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 18-18- 607 of the Act or Section 3.6 hereof. 5.7Act.
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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 its Capital Contributions described in Section 2, on the terms therein described, and shall not be required to restore a deficit balance in its Capital Account or to lend any funds to the CompanyCompany or, or after its Capital Contributions have been made, to make any other 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 or subject to Section 3.6 4.4 hereof. 5.76.9
Appears in 1 contract
Members Liability. No Member shall be liable under a judgment, decree 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 Liabilities of the Company. A Member shall be liable only to make the Contributions described in its Capital Contribution pursuant to Section 2, on the terms therein described, 2.1 and shall not be required to restore a deficit balance in its Capital Account or to lend any funds to the CompanyCompany or, or after its Capital Contribution has been made pursuant to Section 2.1, to make any other 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 under the Act or subject to Section 3.6 hereof. 5.74.4.
Appears in 1 contract
Samples: Operating Agreement
Members Liability. No Member shall be liable under a judgment, decree or order of a court, or in any other manner mariner 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 its Capital Contributions described in Section 2, on the terms therein described, and shall not be required to restore a deficit balance in its Capital Account or to lend any funds to the CompanyCompany or, or after its Capital Contributions have been made, to make any other 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 or subject to Section 3.6 4.4 hereof. 5.7.
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