Common use of Gross Negligence or Willful Misconduct Clause in Contracts

Gross Negligence or Willful Misconduct. A Manager shall be personally liable, responsible, and accountable to any Member if the Manager is guilty of fraud, intentional breach of this Agreement, gross negligence or willful misconduct regarding an act or omission.

Appears in 2 contracts

Sources: Operating Agreement (Ankam, Inc.), Operating Agreement (Ankam, Inc.)

Gross Negligence or Willful Misconduct. A Manager shall be is personally liable, responsible, and accountable to any Member liable if the Manager is guilty of fraud, intentional breach of this Agreement, gross negligence negligence, or willful misconduct regarding an act act, omission, or omissionforbearance.

Appears in 1 contract

Sources: Operating Agreement (Common Dwelling Fund, LLC)

Gross Negligence or Willful Misconduct. A Manager shall be personally liable, responsible, responsible and accountable to any Member if the Manager is guilty of fraud, intentional breach of this Agreement, gross negligence or willful misconduct regarding an act or omission.

Appears in 1 contract

Sources: Operating Agreement