Liability of Members definition

Liability of Members. Except as specifically set forth in this Agreement, (i) a Member shall not be obligated to make any contribution to the Company of any amount in excess of its Capital Commitment or other payments provided for herein, and (ii) no Member (or former Member) shall have any personal liability whatsoever in its capacity as a Member, for the repayment of debts, liabilities, losses or other obligations of the Company. The duration of the Company is:
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Examples of Liability of Members in a sentence

  • Guidance Note – Liability of Members - A member is only liable for their own outstanding membership fees (if any) payable under rule 12.

  • Certain amendments to this Agreement and certain actions of the Cape Light Compact JPE shall require the affirmative approval of the Municipal Members whose population is at least equal to 50% of the combined population of all of the Municipal Members of the Cape Light Compact JPE: (i) Article I(B) (Eligibility for Membership; Addition of Members); and (ii) Article I(D) (Liability of Members).

  • Insurance contracts Chubb Tech Pro Insurance - Professional Liability Insurance concluded with the Chubb European Group Sp. z o.o. Branch Poland for the amount of PLN 8 million (Poland) and USD 2 million (USA) and the Insurance of Damages As a result of claims related to the Liability of Members of the Company's Governing Bodies for the amount of PLN 17 million and PLN 1 million to the Liability of Members of LiveChat, Inc concluded with CHUBB European Group SE Spółka Europejska Branch Poland.

  • Each Member agrees to be liable for the Capital Contributions required to be made Liability of Members to Company.

  • Bye-law 5.2 dealt with "Liability of Members", which included at 5.2.2 that a member may be liable to disciplinary action by reason of conduct liable to bring RICS into disrepute.

  • Unless the Act otherwise provides, Members may participate in a meeting of the Members by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear and be heard by each other at the same time and participation by such means shall Limited Liability of Members.

  • An Act for Limiting the Liability of Members of Certain Joint Stock Companies, 1855, 18 & 19 Vict., c.

  • Liability of Members, Managers and Officers; Indemnification by the Company 12 SECTION 10.01.

  • Liability of Members The liability of the members is limited to the amount, if any, unpaid on the shares held by them.

  • ADDITIONAL INFORMATION 399.1 Winding up the Fund 399.2 Related party transactions 399.3 Privacy 399.4 Anti-Money Laundering and Counter-Terrorism Financing Laws 409.5 Limitations of Liability of Members 409.6 Constitution and the Trustee 409.7 Valuation of Fund assets and unit pricing 419.8 Supplementary PDS 419.9 Compliance Plan 429.10 Compliance Committee 429.11 Complaints 429.12 Continuous Disclosure Requirements 4310.

Related to Liability of Members

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Controlled Group Liability means any and all liabilities (i) under Title IV of ERISA, (ii) under Section 302 of ERISA, (iii) under Sections 412 and 4971 of the Code, (iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code, and (v) under corresponding or similar provisions of foreign laws or regulations.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Liability means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.

  • Released Entities means released entities as such term is defined

  • Company Interests has the meaning set forth in the Recitals.

  • Liabilities means any and all debts, liabilities and obligations, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or determinable, including those arising under any Law, Action or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking.

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • Exceptions and Limitations means fair use, fair dealing, and/or any other exception or limitation to Copyright and Similar Rights that applies to Your use of the Licensed Material.

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it pursuant to Section 5.2), the General Partner (with respect to the Incentive Distribution Rights) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • Consent of the Limited Partners means the Consent of a Majority in Interest of the Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by a Majority in Interest of the Limited Partners, unless otherwise expressly provided herein, in their sole and absolute discretion.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • AND LIABILITY LIMITS State Street shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Related Liability with respect to any Asset means any liability existing and reflected on the Accounting Records of the Failed Bank as of Bank Closing for (i) indebtedness secured by mortgages, deeds of trust, chattel mortgages, security interests or other liens on or affecting such Asset, (ii) ad valorem taxes applicable to such Asset, and (iii) any other obligation determined by the Receiver to be directly related to such Asset.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.