Common use of Liability of the Member Clause in Contracts

Liability of the Member. The Member shall not be liable for the debts, liabilities or obligations of the Company beyond it Capital Contributions. The Member shall not be required to contribute the capital of, or to loan any funds to, the Company.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Trinity Parts & Components, LLC), Limited Liability Company Agreement (Trinity Parts & Components, LLC), Limited Liability Company Agreement (Trinity Industries Inc)

Liability of the Member. The Member shall not be liable for the debts, liabilities or obligations of the Company beyond it its Capital Contributions. The Member shall not be required to contribute to the capital of, or to loan any funds to, the Company.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Exco Resources Inc), Limited Liability Company Agreement (Trinity Marine Products, Inc.)

Liability of the Member. The Member shall not be liable for the debts, liabilities any debts or obligations losses of the Company beyond it Capital Contributions. The Member shall not or, except as provided in this Agreement, be required to contribute the capital of, make any Capital Contribution or lend funds to loan any funds to, the Company.

Appears in 2 contracts

Sources: Limited Liability Company Operating Agreement, Operating Agreement (Netsuite Inc)

Liability of the Member. The Member shall not be liable for the debts, liabilities liabilities, contracts or other obligations of the Company beyond it Capital Contributions. The Member shall not be required to contribute the capital of, or to loan any funds to, the Company.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Eclipse Resources-Ohio, LLC), Limited Liability Company Agreement (Eclipse Resources-Ohio, LLC)

Liability of the Member. The Member shall not be liable for the debts, liabilities or obligations of the Company beyond it Capital Contributions. The Member shall not be required to contribute to the capital of, or to loan any funds to, the Company.

Appears in 2 contracts

Sources: Company Agreement (Meridian Resource Corp), Limited Liability Company Agreement (Exco Resources Inc)

Liability of the Member. The Member shall not be liable for the debts, liabilities liabilities, or obligations of the Company beyond it its Capital Contributions. The Member shall not be required to contribute to the capital of, or to loan any funds to, the Company.

Appears in 2 contracts

Sources: Merger Agreement (Plains Capital Corp), Company Agreement (Square One Energy Inc.)

Liability of the Member. The Except as otherwise agreed to by the Member, the Member shall not be liable under a judgment, decree or order of a court, or in any other manner, for the debtsa debt, liabilities obligation or obligations liability of the Company beyond it Capital ContributionsCompany. The Member shall be liable only to make its Capital Contribution and shall not be required to contribute the restore a deficit balance in its capital of, account or to loan lend any funds toto the Company or, after its Capital Contribution has been made, to make any additional contributions, assessments or payments to the Company.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC)

Liability of the Member. The Member shall not be personally liable for ----------------------- the debts, liabilities or debts and obligations of the Company beyond it Capital Contributions. The Member shall not be required to contribute the capital of, or to loan any funds to, the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Nm Licensing LLC)

Liability of the Member. The Member shall not be liable for Except as otherwise provided herein, the debts, liabilities or obligations of the Company beyond it Capital Contributions. The Member shall not be required to contribute make any contribution to the capital ofof the Company nor shall the Member, in its capacity as such, be bound by, or personally liable for, any expense, liability or obligation of the Company except to loan any funds to, the Companyextent of its Interest in the Company and the obligation to return Distributions made to the Member under certain circumstances as required by the Act.

Appears in 1 contract

Sources: Operating Agreement (Delta Mine Holding CO)