Claims of the Members. The Members and former Members shall, other than for a breach of this Agreement, gross negligence or willful misconduct, 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 former Members shall have no recourse against any Member, any Manager or any Member's or Manager's Affiliates.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (United Auto Group Inc), Limited Liability Company Agreement (Uag Connecticut I LLC), Limited Liability Company Agreement (United Auto Group Inc)
Claims of the Members. The Members and former Members shall, other than for a breach of this Agreement, gross negligence or willful misconduct, 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 former Members shall have no recourse against any Member, any Manager or any Member's ’s or Manager's ’s Affiliates.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.)
