WAIVER OF LIABILITY OF MEMBER. The liabilities of a Member as set out in this Section 4.2 can be waived or compromised only by the consent of all Members; but a waiver or compromise shall only affect the right of a creditor of the Company to the extent permitted by applicable law.
Appears in 4 contracts
Samples: Operating Agreement (Freedom Securities Corp /De/), Operating Agreement (Freedom Securiteis Corp /De/), Operating Agreement (Freedom Securities Corp /De/)