Common use of Members Liability Clause in Contracts

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.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Coffeyville Resources Refining & Marketing, LLC), Limited Liability Company Operating Agreement (Coffeyville Resources Refining & Marketing, LLC), Limited Liability Company Operating Agreement (Coffeyville Resources Refining & Marketing, LLC)

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