Common use of RESPONSIBILITY OF MEMBERS Clause in Contracts

RESPONSIBILITY OF MEMBERS. (a) Except for Project costs previously incurred by a Member which are reflected in the Development Budget, the Company and each Member shall not be responsible or liable for any responsibility, indebtedness, or other obligation of any other Member incurred prior to, on the date of or after the execution of this Agreement, except for those which are undertaken or incurred on behalf of the Company after the date of this Agreement under or pursuant to the terms of this Agreement, or assumed in writing by both Members, and each Member hereby indemnifies and agrees to hold the other Member and the Company harmless from all such obligations and indebtedness except as aforesaid.

RESPONSIBILITY OF MEMBERS. (a) Except for Project costs previously incurred by a Member which are reflected in the Development Budget, the Company and each Member shall not be responsible or liable for any responsibility, indebtedness, or other obligation of any other Member incurred prior to, on the date of or after the execution of this Agreement, except for those which are undertaken or incurred on behalf of the Company and/or the Partnership after the date of this Agreement under or pursuant to the terms of this Agreement, or assumed in writing by both Members, and each Member hereby indemnifies and agrees to hold the other Member Member, and the Company and the Partnership harmless from all such obligations and indebtedness except as aforesaid.

RESPONSIBILITY OF MEMBERS. (a) Except for Project costs previously incurred Neither the Company, nor any Member merely by virtue of its being or becoming a Member which are reflected in the Development BudgetCompany, the Company and each Member shall not be responsible or liable for any responsibility, indebtedness, indebtedness or other obligation of any other Member Member, whether incurred prior to, on the date of or after the execution of this Agreement, except that the Company shall be responsible for those which are responsibilities, indebtedness and other obligations undertaken or incurred on behalf of the Company after the date of this Agreement under or pursuant to the terms of this Agreement, or assumed in writing by both Members, and each Member hereby indemnifies and agrees to defend and hold the other Member and the Company harmless from all such obligations and indebtedness except as aforesaid.