Common use of Maintenance of Capital Accounts; Withdrawals; Interest Clause in Contracts

Maintenance of Capital Accounts; Withdrawals; Interest. Separate Capital Accounts amounts shall be maintained for each of the Members. No Members shall be entitled to withdraw or receive any part of its Capital Account or receive any distribution with respect to its Interest except as provided in this Agreement. No Member shall be entitled to receive any interest on its Capital Account. Each Member shall look solely to the assets of the LLC for distributions with respect to its Interest and, except as otherwise provided in this Agreement, shall have no right or power with respect to its Interest to demand or receive any property or cash from the LLC. No Member shall have priority over any other Member as to LLC distributions or allocations relating to its Units except as provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Level Brands, Inc.)

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Maintenance of Capital Accounts; Withdrawals; Interest. Separate Capital Accounts amounts shall be maintained for each of the Members. No Members Member shall be entitled to withdraw or receive any part of its Capital Account or to receive any distribution with respect to its Interest except as provided in this Agreement. No Member shall be entitled to receive any interest on its Capital AccountContributions or with respect to its Capital Account except as provided in this Agreement. Each Member shall look solely to the assets of the LLC Company for distributions with respect to the return of its Interest Capital Contributions and, except as otherwise provided in this Agreement, shall have no right or power with respect to its Interest to demand or receive any property or other than cash from the LLCCompany. No Member shall have priority over any other Member as to LLC the return of its Capital Contributions, distributions or allocations relating to its Units allocations, except as provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Axiall Corp/De/)

Maintenance of Capital Accounts; Withdrawals; Interest. Separate Capital Accounts amounts shall be maintained for each of the Members. No Members Member shall be entitled to withdraw or receive any part of its Capital Account or to receive any distribution with respect to its Interest except as provided in this Agreement. No Member shall be entitled to receive any interest on its Capital Contributions or with respect to its Capital Account. Each Member shall look solely to the assets of the LLC for distributions with respect to the return of its Interest Capital Contributions and, except as otherwise provided in this Agreement, shall have no right or power with respect to its Interest to demand or receive any property or cash from the LLC. No Member shall have priority over any other Member as to LLC distributions the return of its Capital Contributions, or allocations relating with respect to its Units except as provided in this Agreementdistributions.

Appears in 1 contract

Samples: Supply Agreement (Aldila Inc)

Maintenance of Capital Accounts; Withdrawals; Interest. Separate Capital Accounts amounts shall be maintained for each of the Members. No Members Except as otherwise provided in this Agreement, (i) no Member shall be entitled to withdraw or receive any part of its Capital Account or receive any distribution with respect to its Interest except as provided in this Agreement. No Interest, (ii) no Member shall be entitled to receive any interest on its Capital Account. Each Account or Capital Contributions, (iii) each Member shall look solely to the assets of the LLC for the return of its Capital Contributions, Capital Accounts, and distributions with respect to its Interest andInterest, except as otherwise provided in this Agreement, (iv) no Member shall have no any right or power with respect to its Interest to demand or receive any property or cash from the LLC. No , and (v) no Member shall have priority over any other Member as to LLC the return of its Capital Contributions, Capital Accounts, distributions or allocations relating to its Units except as provided in this Agreementallocations.

Appears in 1 contract

Samples: Limited Liability Company Agreement (EcoReady Corp)

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Maintenance of Capital Accounts; Withdrawals; Interest. Separate A single Capital Accounts amounts Account shall be maintained for each of the Members. No Members Member shall be entitled to withdraw or receive any part of its Capital Account or receive any distribution with respect to its Interest except as provided in this Agreement. No Member shall be entitled to receive any interest on its Capital AccountAccount or Capital Contributions amount except as provided in this Agreement. Each Member shall look solely to the assets of the LLC for the return of its Capital Contributions and distributions with respect to its Interest and, except as otherwise provided in this Agreement, shall have no right or power with respect to its Interest to demand or receive any property or cash from the LLC. No Member shall have priority over any other Member as to LLC the return of its Capital Contributions, distributions or allocations relating to its Units allocations, except as provided in this Agreement, including, for the avoidance of doubt, in Section 4.2.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sinclair Broadcast Group Inc)

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