Consent to Capital Contribution Withdrawals and Distributions. Members shall not be allowed to withdraw any part of their capital contributions or to receive distributions, whether in property or cash, except as otherwise allowed by this agreement and, in any case, only if such withdrawal is made with the written consent of all members.
Consent to Capital Contribution Withdrawals and Distributions. Partners shall not be allowed to withdraw any part of their capital contributions or to receive distributions, whether in property or cash, except as otherwise allowed by this agreement and, in any case, only if such withdrawal is made with the written consent of all partners. The Partners may amend this Agreement to impose a guaranteed payments provision, whereby distributions are made pursuant to rules established by the Partners with regard to capital account balances or business milestones. Such a provision is optional, is not presently included in this Agreement, and must be ratified by the unanimous consent of all partners.
Consent to Capital Contribution Withdrawals and Distributions. Equity Member Households shall not have any right to withdraw any part of their Capital Contributions or to receive distributions, whether in property or cash, except as may be determined from time to time by the Members. No Equity Member Household shall be given priority or preference with respect to other Equity Member Households in obtaining a return of its Capital Contribution.
Consent to Capital Contribution Withdrawals and Distributions. As a single-member LLC there is no need for this provision, however if in the future other members are added, this provision will be required and updated.
