No Liability for Company Obligations. The Member shall have no personal liability for any debts or losses of the Company beyond the Member’s Capital Contribution, except as provided by Section 508 of the New York Code or other applicable law, relating to liability for wrongful distributions.
Appears in 12 contracts
Samples: Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC)
No Liability for Company Obligations. The Member shall have no personal liability for any debts or losses of the Company beyond the Member’s Capital Contribution, except as provided by Section 508 of the New York Code or other applicable law, relating to liability for wrongful distributions.
Appears in 5 contracts
Samples: Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC)
No Liability for Company Obligations. The Member shall have no personal liability for any debts or losses of the Company beyond the Member’s Capital Contributionits capital contribution, except as provided by Section 508 of the New York Code or other applicable law, relating to liability for wrongful distributions.
Appears in 2 contracts
Samples: LLC Operating Agreement (Medical Evaluation Specialists), Operating Agreement (Medical Evaluation Specialists)
No Liability for Company Obligations. The Member Members’ shall have no personal liability for any debts or losses of the Company beyond the Member’s Capital Contributionits capital contribution, except as provided by Section 508 of the New York Code or other applicable law, relating to liability for wrongful distributions.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Axcan Intermediate Holdings Inc.)
