Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole Member shall be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Director or the Management Committee.
Appears in 21 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall only be entitled to look solely to at the assets of the Company for the return of his/her/its positive Capital Account balance and shall have no recourse for his/her/its Capital Contribution Contributions and/or share of net income Profits (upon dissolution or otherwise) against the Managers or any Director or the Management Committeeother Member except as provided in Article 7.
Appears in 3 contracts
Samples: Operating Agreement (Excel Legacy Corp), Operating Agreement (Excel Legacy Corp), Operating Agreement (Excel Legacy Corp)
Limitations on Payments Made in Dissolution. Except as otherwise ------------------------------------------- specifically provided in this Agreement, the Sole each Member shall be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its such Member's Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Manager, officers, or any Director or the Management Committeeother Member.
Appears in 2 contracts
Samples: Operating Agreement (Hollywood Park Inc/New/), Operating Agreement (Hollywood Park Fall Operating Co)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall only be entitled to look solely to at the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income Profits (upon dissolution or otherwise) against the Manager or any Director or the Management Committeeother Member.
Appears in 2 contracts
Samples: Operating Agreement (Freedom Securities Corp /De/), Operating Agreement (Freedom Securities Corp /De/)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall be entitled to look solely only to the assets of the Company for the return of its that Member's positive Capital Account balance and shall have no recourse for its Capital Contribution Contributions and/or share of net income Net Profits (upon dissolution or otherwise) against the Managers or any Director or the Management Committeeother Member.
Appears in 2 contracts
Samples: Operating Agreement (Cinema Ride Inc), Operating Agreement (Cinema Ride Inc)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its such Member's Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Manager, officers, or any Director or the Management Committeeother Member.
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Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole Member Members of the Company shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account capital account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Director Manager or the Management Committee.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Illinois Power Securitization Limited Liability Co)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall only be entitled to look solely to at the assets of the Company for the return of its the Member's positive Capital Account balance and shall have no recourse for its the Member's Capital Contribution and/or share of net income Net Income (upon dissolution or otherwise) against the Manager or any Director or the Management Committeeother Member except as provided in Article XIII.
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Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole Member Members of the Company shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account capital account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Director of the Independent Manager or the Management Committee.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Illinois Power Securitization Limited Liability Co)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole Member shall only be entitled to look solely to the 13 assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Director Manager or the Management Committee.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Comed Funding LLC)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall be entitled to look solely to at the assets of the Company for the return of its his positive Capital Account balance and shall have no recourse for its his Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Director or the Management Committeeother Member.
Appears in 1 contract
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall only be entitled to look solely to at the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Director or the Management Committee.of
Appears in 1 contract
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole Member shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Director of the Independent Manager or the Management Committee.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Comed Funding LLC)
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole each Member shall be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution capital contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Director or the Management Committeeother Member.
Appears in 1 contract
