No Liability to Third Parties. 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 no Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Wcof, LLC), Limited Liability Company Agreement, Operating Agreement (Riggs National Corp)
No Liability to Third Parties. 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 no Member shall be obligated personally in its individual capacity for any such debt, obligation or liability of the Company solely by reason of being a Member.
Appears in 2 contracts
Samples: Joint Venture and Operating Agreement, Joint Venture and Operating Agreement (Solazyme Inc)
No Liability to Third Parties. The Except as otherwise expressly provided in the Act, the debts, obligations and or liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities solely of the Company, and no Member Record Holder, Shareholder or Beneficial Owner of any Company Security shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a MemberRecord Holder, Shareholder or Beneficial Owner.
Appears in 1 contract
Samples: Purchase Agreement (Knight Inc.)
No Liability to Third Parties. 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. No Shareholder (whether a Record Holder or a beneficial owner of Member Interests), and no Member Officer or Director shall be obligated personally liable for any such debtthe debts, obligation obligations or liability liabilities of the Company Company, whether arising in contract, tort or otherwise, solely by reason of being a MemberShareholder, Officer or Director.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Trenwick America LLC)
