No Member Liability. Any indemnification provided under this Article 8 shall be satisfied solely out of assets of the Company, as an expense of the Company. No Member shall be subject to personal liability by reason of these indemnification provisions.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Texas Rare Earth Resources Corp.), Limited Liability Company Agreement (Kodiak Oil & Gas (USA) Inc.), Limited Liability Company Agreement (Kodiak Oil & Gas (USA) Inc.)
No Member Liability. Any indemnification provided under this Article 8 ARTICLE VII shall be satisfied solely out of assets of the Company, as an expense of the Company. No Member shall be subject to personal liability by reason of these indemnification provisions.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (GoDaddy Inc.), Limited Liability Company Agreement (GoDaddy Inc.), Limited Liability Company Agreement (GoDaddy Inc.)
No Member Liability. Any indemnification provided under this Article 8 6 shall be satisfied solely out of the assets of the Company, as an expense of the Company. No Member shall be subject to personal liability or required to fund or to cause to be funded any obligation by reason of these indemnification provisions.
Appears in 2 contracts
Samples: Acquisition Agreement (Household Direct Com Inc), Acquisition Agreement (Household Direct Com Inc)
No Member Liability. Any indemnification provided obligation of the Company under this Article 8 6 shall be satisfied solely out of the assets of the Company, as an expense of the Company. No Member shall be subject to personal liability by reason or required to fund or to cause to be funded any indemnification obligation of these indemnification provisionsthe Company.
Appears in 1 contract
Samples: Operating Agreement (GK Investment Property Holdings II LLC)
No Member Liability. Any indemnification provided under this Article 8 7 shall be satisfied solely out of assets of the Company, as an expense of the Company. No Member shall be subject to personal liability by reason of these indemnification provisions.
Appears in 1 contract
No Member Liability. Any indemnification provided under this Article 8 shall will be satisfied solely out of assets of the Company, as an expense of the Company. No Member shall will be subject to any personal liability by reason of these indemnification provisions.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ASAlliances Biofuels, LLC)
No Member Liability. Any indemnification or reimbursement or advancement of expenses provided under this Article 8 shall be satisfied solely out of assets of the Company, as an expense of the Company. No Member shall be subject to personal liability by reason of these the indemnification provisions.or reimbursement or advancement of expenses provisions set forth in this Article 8. 8.4
Appears in 1 contract
