Common use of Liabilities of Members Clause in Contracts

Liabilities of Members. Except as otherwise expressly set forth herein or in the Act, the Members shall not have any personal liability whatsoever in his capacity as a Member, whether to the Company, to any Member or to the creditors of the Company, for the debts, liabilities, contracts or other obligations of the Company or for any losses of the Company.

Liabilities of Members. Except as otherwise expressly set forth herein or in the Act, the Members a Member shall not be liable only to make his Capital Contribution and shall have any no further personal liability whatsoever in his capacity as a Member, whether to the Company, to any Member or to the creditors of the Company, for the debts, liabilities, contracts or other obligations of the Company or for any losses of the Company. No Member shall be liable to restore any deficit balance in its Capital Account.