Capital and Capital Account. (a) No interest shall be paid on any Capital Contribution. (b) A capital account (the “Capital Account”) shall be established and maintained on behalf of the Member. (c) The Member shall not receive out of Company property any part of its Capital Contributions until all liabilities of the Company, except liabilities to the Member on account of its Capital Contributions, have been paid or unless there remains property of the Company sufficient to pay them.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Loews Mountainside Cinemas, Inc.), Limited Liability Company Agreement (LCE AcquisitionSub, Inc.)
Capital and Capital Account. (a) No interest shall be paid on any Capital Contribution.
(b) A capital account (the “"Capital Account”") shall be established and maintained on behalf of the Member.
(c) The Member shall not receive out of Company property any part of its Capital Contributions until all liabilities of the Company, except liabilities to the Member on account of its Capital Contributions, have been paid or unless there remains property of the Company sufficient to pay them.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mobile Medic Ambulance Service Inc)
Capital and Capital Account. (a) No interest shall be paid on any Capital Contribution.
(b) A capital account (the “Capital Account”) shall be established and maintained on behalf of the Member.
(c) The Member shall not receive out of Company property any part of its Capital Contributions until all liabilities of the Company, except liabilities to the Member on account of its Capital Contributions, have been paid or unless there remains property of the Company sufficient to pay them.
Appears in 1 contract
Samples: Limited Liability Company Agreement (River Medical Inc)
