Common use of Members Liability Clause in Contracts

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.

Appears in 4 contracts

Samples: Lease Agreement (Integral Systems Inc /Md/), Lease Agreement (Tessco Technologies Inc), Agreement of Lease (Convera Corp)

AutoNDA by SimpleDocs

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. 39.

Appears in 1 contract

Samples: Lease Agreement

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Lease Agreement (Dialysis Corp of America)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!