Common use of Liability to Third Parties Clause in Contracts

Liability to Third Parties. No Member or beneficial owner of any Membership Interest shall be liable for the Liabilities of the Company.

Appears in 45 contracts

Sources: Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Spectra Energy Partners, LP), Limited Liability Company Agreement (Spectra Energy Partners, LP)

Liability to Third Parties. No Member or beneficial owner of any Membership Interest Shares shall be liable for the Liabilities debts, obligations or liabilities of the Company. No Member shall be required to make any contribution to the capital of the Company with respect to his or her Shares.

Appears in 2 contracts

Sources: Operating Agreement (Edgen Louisiana CORP), Operating Agreement (Edgen Louisiana CORP)

Liability to Third Parties. No Member or beneficial owner of any Membership Interest shall be liable for the Liabilities debts, obligations or liabilities of the Company.

Appears in 1 contract

Sources: Parent Company Agreement (El Paso Corp/De)

Liability to Third Parties. No Member or beneficial owner of any Membership Interest Shares shall be liable for the Liabilities debts, obligations or liabilities of the Company.

Appears in 1 contract

Sources: Operating Agreement and by Laws (Manitowoc FSG Operations, LLC)