Company Capital. (a) No Member shall be paid interest on any Capital Contribution to the Company or on such Member’s Capital Account, and no Member shall have any right (i) to demand the return of such Member’s Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI hereof, or (ii) to cause a partition of the Company’s assets. (b) No Holder shall be paid interest on such Holder’s Capital Account, and no Holder shall have any right (i) to demand a distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI hereof, or (ii) to cause a partition of the Company’s assets.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Exopack Holding Corp), Limited Liability Company Agreement (Exopack Advanced Coatings, LLC)
Company Capital. (aA) No Member shall be paid interest on any Capital Contribution to the Company or on such Member’s Capital Account, and no Member shall have any right (i) to demand the return of such Member’s Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI Section 13 hereof, or (ii) to cause a partition of the Company’s assets.
(bB) No Holder shall be paid interest on such Holder’s Capital Account, and no Holder shall have any right (i) to demand a distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI Section 13 hereof, or (ii) to cause a partition of the Company’s assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Integrated Alarm Services Group Inc)
Company Capital. (a) No Member shall be paid interest on any Capital Contribution to the Company or on such Member’s Capital Account, and no Member shall have any right (i) to demand the return of such Member’s Capital Contribution or any other distribution Distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI hereof, or (ii) to cause a partition of the Company’s assets.
(b) No Holder shall be paid interest on such Holder’s Capital Account, and no Holder shall have any right (i) to demand a distribution Distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI hereof, or (ii) to cause a partition of the Company’s assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Exopack Advanced Coatings, LLC)
