Capital Withdrawal Rights, Interest and Priority. Except as otherwise expressly provided in this Agreement, (i) no Member will be entitled to withdraw, receive any return of or reduce such Member’s Capital Contribution or Capital Account or to receive any distributions from the Company, (ii) no Member will be entitled to demand or receive Property other than cash in return for its Capital Contribution or as part of any Distribution, (iii) no Member will be entitled to receive or be credited with any interest on any Capital Contribution or the balance in such Member’s Capital Account at any time, and (iv) no Member will have any priority over any other Member as to the return of the Capital Contribution of such Member or the balance in such Member’s Capital Account.
Appears in 2 contracts
Samples: Operating Agreement (Wizard World, Inc.), Limited Liability Company Agreement (IMH Financial Corp)
Capital Withdrawal Rights, Interest and Priority. Except as otherwise expressly provided in this Agreement, (i) no Member will shall be entitled to withdraw, receive any return of or reduce such Member’s 's Capital Contribution or Capital Account or to receive any distributions from the Company, (ii) no Member will shall be entitled to demand or receive Property property other than cash in return for its Capital Contribution or as part of any Distribution, (iii) no Member will shall be entitled to receive or be credited with any interest on any Capital Contribution or the balance in such Member’s 's Capital Account at any time, and (iv) no Member will shall have any priority over any other Member as to the return of the Capital Contribution of such Member or the balance in such Member’s 's Capital Account.. 3.5
Appears in 2 contracts
Samples: Operating Agreement (First American Capital Corp /Ks), Operating Agreement (First American Capital Corp /Ks)
