Limited Liability of Members. No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.
Limited Liability of Members. The Member shall have no personal liability for any debts or losses of the Company beyond its Interest, except as provided by law. Other than as provided in this Agreement and as may be required under the Act, the Member shall not be liable for any debts or losses of capital or profits of the Company or be required to contribute or lend funds to the Company.
Limited Liability of Members. Except as otherwise provided in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company.
Limited Liability of Members. Units are non-assessable. No Member shall be personally liable for any of the expenses, liabilities, or obligations of the Company or for any Losses beyond the amount of the Member’s Capital Contribution to the Company and the Member’s share of any undistributed net income and gains of the Company.
Limited Liability of Members. No Member shall be personally liable for any debts, liabilities or obligations of the Company; provided that each Member shall be responsible (i) for the making of any Capital Contribution required to be made to the Company by such Member pursuant to the terms hereof and (ii) for the amount of any distribution made to such Member that must be returned to the Company pursuant to the Delaware Act.
Limited Liability of Members. To the extent provided in the Act or other applicable law, no Member shall (a) be liable for the repayment or discharge of any debt or other liability of the Fund; or (b) be required to make additional contributions to the capital of the Fund.
Limited Liability of Members. No Member in its capacity as a Member shall be liable for any debts, obligations or liabilities of the Company. Neither the Managing Member nor any of the Officers (if any), nor any “authorized person” (within the meaning of the Act) of the Company shall have any liability for the debts, obligations or liabilities of the Company solely by reason of being a Managing Member, Officer or “authorized person”, as the case may be, except to the extent provided in the Act.
Limited Liability of Members. Members and Managers of the Company shall not be liable under a judgment, decree or order of court, or in any other manner, for a debt, obligation or liability of the Company.
Limited Liability of Members. No Member or any of its Affiliates or Affiliated Individuals shall have any liability for the debts, obligations or liabilities of the Company or of any other Member. Except as provided in Section 11.7, subject to the provisions of this Agreement, including, without limitation, Article XI hereof, any liability of any Member or any of its Affiliates or Affiliated Individuals to another Member or to the Company hereunder shall be limited to the Units of such Member or its Affiliates.
Limited Liability of Members. Except as otherwise expressly provided by the Act, the debts, obligations and liabilities of the Company or a Series, as applicable, whether arising in contract, tort or otherwise, shall be the debts, obligations and liabilities solely of the Company or such Series, as applicable, and neither the Members nor the Manager shall be obligated personally for any such debt, obligation or liability of the Company or the Series solely by reason of being a member or manager of the Company or such Series. No Member is liable personally:
(a) for any of the debts of any Series other than if, and to the extent, that Member has allocated capital to that Series, or (b) for any losses of any Series beyond the amount contributed by such Member to that Series, plus such Member’s share of the undistributed Net Profits and Net Losses of that Series; except that when a Member has received a distribution from a Series, the Member will be liable to return such amount to the Series to the extent that, immediately after giving effect to the distribution, the liabilities of the Series, other than to Members on account of their interests in the Series and those as to which recourse of creditors is limited to Series Holdings, exceed the fair value of the Series Holdings (other than those assets subject to liabilities as to which recourse of creditors is so limited, to the extent of such liabilities). No Member will be liable for the debts, liabilities, contracts or other obligations of a Series described in the preceding clause, except as may be required by applicable law.
