Common use of Liability of a Member to the Company Clause in Contracts

Liability of a Member to the Company. A Member who receives a distribution from the Company is liable to the Company only to the extent provided by the Act.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (Lightstone Real Estate Income Trust Inc.), Limited Liability Company Agreement (First Capital Real Estate Trust Inc), Interest Contribution Agreement (First Capital Real Estate Trust Inc)

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Liability of a Member to the Company. A Member who receives a distribution from or the Company return in whole or in part of its contribution is liable to the Company only to the extent provided by the Act.

Appears in 2 contracts

Samples: Operating Agreement, Regulations and Operating Agreement (Dynacq International Inc)

Liability of a Member to the Company. A Member who receives a distribution from or the Company return in whole or in part of its Capital Contribution is liable to the Company only to the extent provided by the Act.

Appears in 1 contract

Samples: Operating Agreement (Raging River Capital LP)

Liability of a Member to the Company. A Member who receives a any distribution from the Company is liable to the Company only to the extent now or hereafter provided by the Act.

Appears in 1 contract

Samples: Operating Agreement (Magellan Petroleum Corp /De/)

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Liability of a Member to the Company. A Member who receives a distribution from or the Company return in whole or in part of its Capital Contribution is liable to the Company only to the extent provided by the ActAct or this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grant Park Futures Fund Limited Partnership)

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