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

Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member’s Capital Account or to receive any distributions from the Company, except as provided in Articles IV and IX. No Member shall be entitled to receive or be credited with any interest on the balance in such Member’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 Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CHS Inc), Limited Liability Company Agreement (CHS Inc)

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Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member’s 's Capital Account or to receive any distributions from the Company, except other than distributions as provided in Articles IV and IXArticle XIV hereof. No Except as provided in Article XIV, no Member shall be entitled to receive or be credited with any interest on the balance in such Member’s 's Capital Account at any time. Except as may be otherwise expressly provided herein, no No Member shall have any priority over any other Member as to the return of the balance in such Member’s 's Capital Account.

Appears in 2 contracts

Samples: Operating Agreement (Land O Lakes Inc), Limited Liability Company Agreement (Land O Lakes Inc)

Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member’s 's Capital Account or to receive any distributions from the Company, except other than distributions as provided in Articles IV and IXArticle 6 hereof. No Except as provided in Article 12, no Member shall be entitled to receive or be credited with any interest on the balance in such Member’s 's Capital Account at any time. Except as may be otherwise expressly provided herein, no No Member shall have any priority over any other Member as to the return of the balance in such Member’s 's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Land O Lakes Inc)

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Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member’s 's Capital Account or to receive any distributions from the Company, except as provided in Articles IV and IX. No Member shall be entitled to receive or be credited with any interest on the balance in such Member’s '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 's Capital Account.

Appears in 1 contract

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

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