Common use of Claims of the Members Clause in Contracts

Claims of the Members. The Members and Assignees shall look solely to the Company's assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or Manager.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)

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Claims of the Members. The Members and Assignees shall look solely to the Company's ’s assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or Manager.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)

Claims of the Members. The Members and Assignees shall look solely to the Company's assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or Managerthe Member Managers or Officers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Aurora Foods Inc /Md/), Limited Liability Company Agreement (MBW Foods Inc)

Claims of the Members. The Members and Assignees shall look solely to the Company's assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or the Manager.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Einstein Noah Bagel Corp), Limited Liability Company Agreement (Einstein Noah Bagel Corp)

Claims of the Members. The Members and Assignees shall look solely to the Company's assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or Managerthe Member Managers or Officers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Aurora Foods Inc /Md/)

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Claims of the Members. The Members and Assignees shall look solely to the Company's ’s assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or the Manager.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (VCI Electronic Coupons, Inc.)

Claims of the Members. The Members and Assignees shall look --------------------- solely to the Company's assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or ManagerMember.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kent Financial Services Inc)

Claims of the Members. The Members and Assignees shall look solely to the Company's assets for the return of their 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 Members and Assignees shall have no recourse against the Company or any other Member or Managerthe Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ects a Scenic Technology Co Inc)

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