Common use of Claims of the Members Clause in Contracts

Claims of the Members. The Members and former Members shall look solely to the LLC's assets for the return of their Capital Contributions and Capital Accounts, and if the assets of the LLC remaining after payment of or due provision for all debts, liabilities and obligations of the LLC are insufficient to return such Capital Contributions or Capital Accounts, the Members and former Members shall have no recourse against the LLC or any other Member (including, without limitation, the Manager Member).

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc)

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Claims of the Members. The All Members and former Members shall look solely to the LLC's assets for the any return of their Capital Contributions and Capital Accounts, and if the assets of the LLC remaining after payment of or due provision for all debts, liabilities and obligations of the LLC are insufficient to return such Capital Contributions or Capital AccountsContributions, the Members and former Members shall have no recourse against the LLC or any other Member (including, without limitation, the Manager Member).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc)

Claims of the Members. The Members and former For purposes of this Article 13, the Members shall look solely to the LLC's assets for the return of their Capital Contributions and Capital Accounts, and if capital contributions. If the assets of the LLC remaining after payment of or due provision for all of the LLC's debts, liabilities and obligations of the LLC are insufficient to return such Capital Contributions or Capital Accountsthose capital contributions, the Members and former Members shall have no recourse against the LLC or any other Member (including, without limitation, the Manager Member).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Wilmington Trust Corp), Limited Liability Company Agreement (Wilmington Trust Corp), Limited Liability Company Agreement (Wilmington Trust Corp)

Claims of the Members. The Members and former Members shall look solely to the LLC's assets for the return of their Capital Contributions and Capital AccountsContributions, and if the assets of the LLC remaining after payment of or due provision for all debts, liabilities and obligations of the LLC are insufficient to return such Capital Contributions or Capital AccountsContributions, the Members and former Members shall have no recourse against the LLC or any other Member (including, without limitation, the Manager Member).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc)

Claims of the Members. The Members and former For purposes of this Article 12, the Members shall look solely to the LLC's assets for the return of their Capital Contributions and Capital Accountscapital contributions and, and if the assets of the LLC remaining after payment of or due provision for all debts, liabilities and obligations of the LLC are insufficient to return such Capital Contributions or Capital Accountscapital contributions, the Members and former Members shall have no recourse against the LLC or any other Member (including, without limitation, the Manager Member).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Wilmington Trust Corp), Limited Liability Company Agreement (Wilmington Trust Corp)

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Claims of the Members. The Members and former Members assignees shall look solely to the LLC's assets LLC Property for the return of their Capital Contributions and Capital Accounts, and if the assets of the LLC remaining after payment of or due provision for all debts, liabilities and obligations of the LLC are insufficient to return such Capital Contributions or Capital Accounts, the Members and former Members assignees shall have no recourse against the LLC LLC, the Managers or any other Member (including, without limitation, the Manager Member).

Appears in 2 contracts

Samples: Operating Agreement (Candies Inc), Operating Agreement (Candies Inc)

Claims of the Members. The Members and former Members shall look solely to the LLC's ’s assets for the return of their Capital Contributions and Capital Accounts, and if the assets of the LLC remaining after payment of or due provision for all debts, liabilities and obligations of the LLC are insufficient to return such Capital Contributions or Capital Accounts, the Members and former Members shall have no recourse against the LLC or any other Member (including, without limitation, the Manager Member).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Highbury Financial Inc)

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