Common use of Company Capital Clause in Contracts

Company Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Member shall be paid interest on any Capital Contribution to the Company. (b) No Member shall have the right to withdraw all or any part of its Capital Contribution or to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Member shall have the right to receive property other than cash.

Appears in 11 contracts

Samples: Company Agreement (Environmental Procedures Inc), Company Agreement (Fiber Glass Systems Lp), Company Agreement (Golfsmith International Holdings Inc)

AutoNDA by SimpleDocs

Company Capital. (a) Except as may be otherwise specifically provided in this Agreement, no No Member shall will be paid interest on any Capital Contribution to the Company. (b) No Member shall have has the right to withdraw all or any part of its Capital Contribution or, except as expressly provided for herein or in the Dissolution Agreement, to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital ContributionDistribution, no Member shall have has the right to receive property other than cashas expressly provided for in the Dissolution Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Greenbrier Companies Inc)

AutoNDA by SimpleDocs

Company Capital. (a) Except as may be otherwise specifically provided in this Agreement, no No Member shall will be paid interest on any Capital Contribution to the Company. (b) No Member shall have has the right to withdraw all or any part of its Capital Contribution or or, except as expressly provided for herein, to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital ContributionDistribution, no Member shall have has the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Greenbrier Companies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!