Common use of Member's Personal Debts Clause in Contracts

Member's Personal Debts. In order to protect the property and assets of the company from any claim against any Member for personal debts awed by such Member, each Member shall promptly pay all debts owing by him or her and shall indemnify the Company from any claim that might be made to the detriment of the Company by any personal creditor of such Member.

Appears in 1 contract

Samples: Operating Agreement (Gaylord Entertainment Co /De)

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Member's Personal Debts. In order to protect the property and assets of the company Company from any claim against any Member for personal debts awed owned by such Member, each Member shall promptly pay all its debts owing by him or her and shall indemnify the Company from any claim that might be made to the detriment of the Company by any personal creditor debt of such Member.

Appears in 1 contract

Samples: Operating Agreement

Member's Personal Debts. In order to protect the property and assets of the company Company from any claim against any Member for personal debts awed owed by such Member, each Member shall promptly pay all debts owing by him or her and shall indemnify the Company from any claim that might be made to the detriment of the Company by any personal creditor of such Member.

Appears in 1 contract

Samples: Operating Agreement (Lek International Inc)

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Member's Personal Debts. In order to protect the property and assets of the company Company from any claim against any Member for personal debts awed owed by such Member, each Member shall promptly pay all debts owing owed by him or her and shall indemnify the Company from any claim that might be made to the detriment of the Company by any personal creditor of such Member.

Appears in 1 contract

Samples: Operating Agreement (Guardian Technologies International Inc)

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