Common use of Claims of the Member Clause in Contracts

Claims of the Member. The Member shall look solely to the Company’s assets for the return of its Capital Contributions, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributions, the Member shall not have recourse against the Company. ARTICLE FIFTEEN

Appears in 46 contracts

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2015-1 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2012-3 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2013-1 Owner Trust)

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Claims of the Member. The Member shall look solely to the Company’s 's assets for the return of its Capital Contributionscapital contributions, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributionscapital contributions, the Member shall not have no recourse against the Company. ARTICLE FIFTEEN.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (First Huntingdon Finance Corp), Limited Liability Company Agreement (First Huntingdon Finance Corp), Limited Liability Company Agreement (First Huntingdon Finance Corp)

Claims of the Member. The Member shall look solely to the Company’s 's assets for the return of its Capital Contributionscontribution to the Company, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributionscontribution, the Member shall not have no recourse against the Company. ARTICLE FIFTEEN.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Grove Worldwide LLC), Limited Liability Company Agreement (Grove Holdings LLC)

Claims of the Member. The Member shall look solely to the Company’s assets for the return of its Capital Contributionscapital contributions, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributionscapital contributions, the Member shall not have no recourse against the Company. ARTICLE FIFTEEN.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TGPX Holdings I LLC)

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Claims of the Member. The Member shall look solely to the Company’s assets for the return of its Capital Contributionscapital contributions, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributionscapital contributions, the Member shall not have no recourse against the Company. ARTICLE FIFTEENcompany or any Board member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Cascades Enviropac HPM LLC)

Claims of the Member. The Member shall look solely to the Company’s 's assets for the return of its Capital Contributionscapital contributions, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributionscapital contributions, the Member shall not have no recourse against the CompanyCompany or any Board member. ARTICLE FIFTEENX

Appears in 1 contract

Samples: Cascades USA Inc.

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