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

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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: Agreement of Lease (Dialysis Corp of America)

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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: Agreement of Lease

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