Liability of a Member to the Company. A Member who rightfully receives the return in whole or in part of its Capital Contribution is nevertheless liable to the Company only to the extent now or hereafter provided by the Delaware Act and Section 8.03(e).
Appears in 1 contract
Liability of a Member to the Company. A Member who rightfully receives the a return in whole or in part of its Capital Contribution is nevertheless liable to the Company only to the extent now or hereafter provided by the Delaware Act and Section 8.03(e)Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Great Plains Energy Inc)
Liability of a Member to the Company. A Member who or which rightfully receives the return in whole or in part of its any portion of a Capital Contribution is nevertheless liable to the Company only to the extent now or hereafter provided by the Delaware Act and Section 8.03(e)Law. A Member who or which receives a Distribution or portion thereof made by the Company in violation of this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such distribution) shall be liable to the Company for the amount of such Distribution or portion thereof.
Appears in 1 contract
Liability of a Member to the Company. A Member who or which rightfully receives the return in whole or in part of its any portion of a Capital Contribution is nevertheless liable to the Company only to the extent now or hereafter provided by the Delaware Act and Section 8.03(e)Act. A Member who or which receives a Distribution made by the Company in violation of this Agreement or made when the Company's liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
Appears in 1 contract
Samples: Operating Agreement (Insight Communications Co Inc)
Liability of a Member to the Company. A Member who rightfully receives the return in whole or in part of its Capital Contribution contribution (as defined in Section 2 of the Delaware Act) is nevertheless liable to the Company only to the extent now or hereafter provided by the Delaware Act and Section 8.03(e)Act. A Member who receives a distribution made by the Company which is either in violation of this Agreement, or made when the Company's liabilities exceed its assets (after giving effect to the distribution) is liable to the Company for a period of six years after the distribution for the amount of the distribution.
Appears in 1 contract
