Common use of No Liability of Member Clause in Contracts

No Liability of Member. Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and neither the Member nor any person serving as a member of the Company Board (a “Manager”) nor any Officer of the Company shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member, Manager or Officer of the Company. Neither the Member nor the Managers shall be required to lend any funds to the Company. The Members shall only be liable to make payment of its capital contributions as and when due hereunder and other payments as expressly provided in this Agreement. If and to the extent the Member’s capital contribution shall be fully paid, such Member shall not, except as required by the express provisions of the Act regarding repayment of sums wrongfully distributed to the Member, be required to make any further contributions.

No Liability of Member. Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and neither the Member nor any person serving as a member of the Company Board (a “Manager”) nor any Officer of the Company shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member, Manager or Officer of the Company. Neither the Member nor the Managers shall be required to lend any funds to the Company. The Members Member shall only be liable to make payment of its capital contributions as and when due hereunder and other payments as expressly provided in this Agreement. If and to the extent the Member’s capital contribution shall be fully paid, such Member shall not, except as required by the express provisions of the Act regarding repayment of sums wrongfully distributed to the Member, be required to make any further contributions.