Liability of Shareholders. Except as otherwise required by any non-waivable provision of the Act or other Applicable Law and except as provided in this Agreement or other agreements between the Company and one or more Shareholders or their Affiliates, no Shareholder shall be liable in any manner whatsoever for any debt, liability or other obligation of the Company, whether such debt, liability or other obligation arises in contract, tort, or otherwise solely by reason of being a Shareholder.
Appears in 3 contracts
Sources: Joint Venture Operating Agreement (Photronics Inc), Joint Venture Operating Agreement (Photronics Inc), Joint Venture Operating Agreement (Photronics Inc)