Liability for Contributions. Except as otherwise provided by this Agreement, no Member will be liable for the debts, liabilities, contracts or any other obligations of the Company. Except as otherwise provided by this Agreement, any other agreements among the Members, or applicable state law, a Member will be liable only to make its Capital Contributions and will not be required to lend any funds to the Company or, after its Capital Contributions have been paid, to make any additional contributions to the Company. No Manager will have any personal liability for the payment or repayment of any Capital Contributions of any Member.
Appears in 2 contracts
Sources: Operating Agreement (Life Time Fitness Inc), Operating Agreement (Life Time Fitness Inc)