Common use of Capital Withdrawal Rights, Interest and Priority Clause in Contracts

Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Member shall be entitled to withdraw or reduce such Member's Common Capital Account or Preferred Capital Account or to receive any Distributions. No Member shall be entitled to demand or receive any Distributions in any form other than in cash. No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Common Capital Account or Preferred Capital Account at any time. Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the return of the balance in such Member's Common Capital Account or Preferred Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Inergy L P), Limited Liability Company Agreement (Inergy L P)

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Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Member shall be entitled to withdraw or reduce such Member's Common Capital Account or Preferred ’s Capital Account or to receive any Distributions. No Member shall be entitled to demand or receive any Distributions Distribution in any form other than in cash. No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Common Capital Account or Preferred ’s Capital Account at any time. Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the return of the balance in such Member's Common Capital Account or Preferred ’s Capital Account.

Appears in 2 contracts

Samples: Operating Agreement (West Corp), Operating Agreement (West Corp)

Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Member shall be entitled to withdraw or reduce such Member's Common Capital Account or Preferred Capital Account or to receive any Distributions. No distributions from the Company, and no Member shall be entitled to demand or receive any Distributions in any form property other than cash in cashreturn for its Capital Contribution. No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Common Capital Account or Preferred Capital Account at any time. Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the return of the balance in such Member's Common Capital Account or Preferred Capital Account.

Appears in 1 contract

Samples: Members Agreement (Optigenex Inc.)

Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Member shall be entitled to withdraw or reduce such Member's Common Capital Account or Preferred ’s Capital Account or to receive any Distributions. No Member shall be entitled to demand or receive any Distributions Distribution in any form other than in cash. No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Common Capital Account or Preferred ’s Capital Account at any time. Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the ultimate return of the balance in such Member's Common Capital Account or Preferred ’s Capital Account.

Appears in 1 contract

Samples: Operating Agreement (B&H Contracting, L.P.)

Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Member shall be entitled to withdraw or reduce such Member's Common Capital Account or Preferred ’s Capital Account or to receive any Distributions. No Member shall be entitled to demand or receive any Distributions Distribution in any form other than in cash. No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Common Capital Account or Preferred ’s Capital Account at any time. Except as may be otherwise expressly provided hereinin this Agreement, no Member shall have any priority over any other Member as to Distributions or the return of the balance in such Member's Common Capital Account or Preferred ’s Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Badlands Power Fuels, LLC)

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Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Member shall be entitled to withdraw or reduce such Member's Common Capital Account or Preferred its Capital Account or to receive any Distributions. No Member shall be entitled to demand or receive any Distributions in any form other than in cash. No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Common Capital Account or Preferred its Capital Account at any time. Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the return of the balance in such Member's Common Capital Account or Preferred Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cenex Harvest States Cooperatives)

Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Member shall be entitled to withdraw or reduce such Member's Common Capital Account or Preferred Capital Account or to receive any Distributions. No Member shall be entitled to demand or receive any Distributions in any form other than in cash. No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Common Capital Account or Preferred Capital Account at any time. Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the return of the balance in such Member's Common Capital Account or Preferred Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Inergy L P)

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