Common use of Liability to Company Clause in Contracts

Liability to Company. Each Member is liable to the Company for any Capital Contribution or Distribution that has been wrongfully or erroneously returned or paid to such Member in violation of the Act, the Articles or this Agreement.

Appears in 4 contracts

Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Trackpower Inc), Operating Agreement (Nevada Gold & Casinos Inc)

AutoNDA by SimpleDocs

Liability to Company. Each Member is liable to the Company for any Capital Contribution or Distribution that has been wrongfully or erroneously returned or paid to such Member Person in violation of the Act, the Articles or this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Nevada Gold & Casinos Inc)

Liability to Company. Each Member is liable to the Company for any Capital Contribution or Distribution that has been wrongfully or erroneously returned or paid to such Member Person in violation of the Act, the Articles Certificate or this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Lakes Gaming Inc)

Liability to Company. Each Member member is liable to the Company for any Capital Contribution or Distribution that has been wrongfully or erroneously returned or paid to such Member Person in violation of the Act, the Articles or of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Grand Palais Riverboat Inc)

AutoNDA by SimpleDocs

Liability to Company. Each Member is liable to the Company for any -------------------- Capital Contribution or Distribution that has been wrongfully or erroneously returned or paid to such Member Person in violation violation. of the Act, the Articles or this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Isle of Capri Black Hawk Capital Corp)

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