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Common use of No Liability to Third Parties Clause in Contracts

No Liability to Third Parties. No Record Holder, Shareholder or Beneficial Owner of any Company Security shall be liable for the debts, obligations or liabilities of the Company, whether arising in contract, tort or otherwise, by reason of being a Record Holder, Shareholder or Beneficial Owner.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Kinder Morgan Management LLC), Limited Liability Company Agreement (Kinder Morgan Management LLC), Limited Liability Company Agreement (Kinder Morgan Energy Partners L P)

Related Clauses

  • Liability to Third Parties
  • Disclosure to Third Parties
  • No Obligation to Third Parties
  • No Third Parties
  • COOPERATION WITH THIRD PARTIES

Parent Clauses

  • Limitation of Liability of Trustees and Others
  • Limitation of Liability and Indemnification
  • Shares of Beneficial Interest
  • Limitations of Liability and Indemnification
  • General Provisions

Sub-Clauses

  • Location Surveys
  • Validity of DIP Documents
  • Prepetition Credit Facility Adequate Protection
  • Liens Priming Prepetition Secured Entities’ Liens
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