Common use of Limitations on Rights of Members Clause in Contracts

Limitations on Rights of Members. Each Member shall look solely to the assets of the Company for the return of its Capital Contribution. Except as specifically set forth in this Agreement, no Member shall have priority over any other Member as to the return of its Capital Contribution, Distributions, or allocations.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC)

AutoNDA by SimpleDocs

Limitations on Rights of Members. (a) Each Member shall look solely to the assets of the Company for the return of its Capital Contribution. Except Contribution as specifically set forth provided in this AgreementSection 8.3 above, and (b) no Member shall have priority over any other Member as or the right to obtain from any other Member the return of its Capital Contribution, Distributions, or allocationsallocations of Profits or Losses.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.), Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)

Limitations on Rights of Members. (a) Each Member shall look solely to the assets of the Company for the return of its Capital Contribution. Except as specifically set forth in this Agreement, and (b) no Member shall have priority over any other Member as to the return of its Capital Contribution, Distributionsdistributions, or allocations.

Appears in 1 contract

Samples: Operating Agreement (Minotto Partners Lp)

AutoNDA by SimpleDocs

Limitations on Rights of Members. Each Member shall look solely to the assets of the Company for the return of its Capital Contribution. Except , and except as specifically set forth in this Agreementexpressly provided herein, no Member shall have priority over any other Member as to the return of its Capital Contribution, Distributions, Contribution or as to any distributions or allocations.

Appears in 1 contract

Samples: Operating Agreement (Station Casinos Inc)

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