Additional Capital Account Provisions. No Member shall have the right to demand a return of all or any part of such Member’s Capital Contributions. Any return of the Capital Contributions of any Member shall be made solely from the assets of the Company and only in accordance with the terms of this Agreement. No interest shall be paid to any Member with respect to such Member’s Capital Contributions or Capital Account. In the event that all or a portion of the Units of a Member are transferred in accordance with this Agreement, the transferee of such Units shall also succeed to all or the relevant portion of the Capital Account of the transferor. Units held by a Member may not be transferred independently of the Interest to which the Units relate.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Jefferies Financial Group Inc.), Purchase and Sale Agreement (Leucadia National Corp), Limited Liability Company Agreement (Leucadia National Corp)
Additional Capital Account Provisions. No Member shall have the right to demand a return of all or any part of such Member’s Capital Contributionscapital contributions to the Company. Any return of the Capital Contributions capital contributions of any Member shall be made solely from the assets of the Company and only in accordance with the terms of this Agreement. No Except to the extent otherwise expressly provided for in this Agreement, no interest shall be paid to any Member with respect to such Member’s Capital Contributions capital contributions or Capital Account. In the event that all or a portion of the Units of a Member are transferred in accordance with this Agreement, the transferee of such Units shall also succeed to all or the relevant portion of the Capital Account of the transferor. Units held by a Member may not be transferred independently of the Company Interest to which the Units relate.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Planet Fitness, Inc.), Limited Liability Company Agreement (Habit Restaurants, Inc.), Limited Liability Company Agreement (Habit Restaurants, Inc.)
Additional Capital Account Provisions. No Member shall have the right to demand a return of all or any part of such Member’s Capital Contributionscapital contributions to the Company. Any return of the Capital Contributions capital contributions of any Member shall be made solely from the assets of the Company and only in accordance with the terms of this Agreement. No Except to the extent otherwise expressly provided for in this Agreement, no interest shall be paid to any Member with respect to such Member’s Capital Contributions capital contributions or Capital Account. In the event that all or a portion of the Units of a Member are transferred Transferred in accordance with this Agreement, the transferee Transferee of such Units shall also succeed to all or the relevant portion of the Capital Account of the transferorTransferor. Units held by a Member may not be transferred Transferred independently of the Company Interest to which the Units relate.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Us LBM Holdings, Inc.), Limited Liability Company Agreement (PetIQ, Inc.)
Additional Capital Account Provisions. No Member shall have the right to demand a return of all or any part of such Member’s 's Capital Contributions. Any return of the Capital Contributions of any Member shall be made solely from the assets of the Company and only in accordance with the terms of this Agreement. No interest shall be paid to any Member with respect to such Member’s 's Capital Contributions or Capital Account. In the event that all or a portion of the Units of a Member are transferred in accordance with this Agreement, the transferee of such Units shall also succeed to all or the relevant portion of the Capital Account of the transferor. Units held by a Member may not be transferred independently of the Interest to which the Units relate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC)
Additional Capital Account Provisions. No Member shall have the right to demand a return of all or any part of such Member’s Capital Contributions. Any return of the Capital Contributions of any Member shall be made solely from the assets of the Company and only in accordance with the terms of this Agreement. No Except to the extent otherwise expressly provided for in this Agreement, no interest shall be paid to any Member with respect to such Member’s Capital Contributions or Capital Account. In the event that all or a portion of the Units of a Member are transferred in accordance with this Agreement, the transferee of such Units shall also succeed to all or the relevant portion of the Capital Account of the transferor. Units held by a Member may not be transferred independently of the Interest to which the Units relate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (National Commerce Corp)
