Common use of Limitations Pertaining to Capital Contributions Clause in Contracts

Limitations Pertaining to Capital Contributions. 5.2.1: Except as otherwise specifically provided in this Agreement, or as otherwise provided by law, no Member shall have the right to withdraw from the Company or to demand or receive a return of his capital without the consent of the Manager. Upon return of any Capital Contributions, no Member shall have the right to receive property other than cash except as may be specifically provided herein.

Appears in 2 contracts

Samples: Operating Agreement (Bayou City Exploration, Inc.), Operating Agreement (Bayou City Exploration, Inc.)

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Limitations Pertaining to Capital Contributions. 5.2.1: 5.2.1 Except as otherwise specifically provided in this Agreement, or as otherwise provided by law, no Member shall have the right to withdraw from the Company or to demand or receive a return of his capital without the consent of the Manager. Upon return of any Capital Contributions, no Member shall have the right to receive property other than cash except as may be specifically provided herein.

Appears in 1 contract

Samples: Operating Agreement (Bayou City Exploration, Inc.)

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Limitations Pertaining to Capital Contributions. 5.2.1: (a) Return of Capital. Except as otherwise specifically provided in this Agreement, or as otherwise provided by law, no Member shall have the right to withdraw any Capital Contributions or any money or other property from the Company or to demand or receive a return of his capital without the written consent of the Managerother Member. Upon Under circumstances requiring a return of any Capital Contributions, no Member shall have the right to receive property other than cash except as may be cash, unless otherwise specifically provided hereinagreed in writing by the Members at the time of such distribution.

Appears in 1 contract

Samples: Operating Agreement (United Park City Mines Co)

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