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Common use of Liability of Manager Clause in Contracts

Liability of Manager. It is hereby understood and agreed that Manager shall have no personal liability, as a member of the Borrower or otherwise, for the payment of any amount owing or to be owing hereunder.

Appears in 22 contracts

Sources: 364 Day Revolving Credit Agreement (Enterprise Products Partners L.P.), 364 Day Revolving Credit Agreement (Enterprise Products Partners L.P.), Revolving Credit Agreement (Enterprise Products Partners L.P.)

Related Clauses

  • NONLIABILITY OF MANAGER
  • NON-LIABILITY OF MANAGER
  • Liability of Member
  • Liability of the Manager
  • Limitation of Liability of Manager

Parent Clauses

  • Miscellaneous
  • Manager Liability
  • Agreement Regarding Oral Due Diligence
  • Arrangements for Purchases
  • Representations and Covenants of Underwriters

Sub-Clauses

  • Other Persons
  • Standard of Care
  • Conflicts of Interest
  • Reliance on Third Parties
  • Reliance on This Agreement
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