Common use of Member Capital Clause in Contracts

Member Capital. Except as otherwise provided in this Agreement or with the prior written consent of a Majority in Interest: (a) no Member shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account, (b) no Member shall withdraw any portion of its Capital Contributions or receive any distributions from the Company as a return of capital on account of such Capital Contributions, and (c) the Company shall not redeem or repurchase the Membership Interest, or any portion thereof, of any Member.

Appears in 2 contracts

Samples: Limited Liability Company (Zany Brainy Inc), Limited Liability Company Agreement (Zany Brainy Inc)

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Member Capital. Except as otherwise provided in this Agreement or with the prior written consent of a Majority in Interestthe Managing Member: (a) no Member shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account, and (b) no Member shall withdraw any portion of its Capital Contributions or receive any distributions from the Company as a return of capital on account of such Capital Contributions[, and (c) the Company shall not redeem or repurchase the Membership Interest, or any portion thereof, Interest of any Member].

Appears in 1 contract

Samples: Limited Liability Company Agreement

Member Capital. Except as otherwise provided in this Agreement or with the prior written consent of a Majority in Interestthe Board of Managers: (a) no Member shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account, ; (b) no Member shall withdraw any portion of its Capital Contributions or receive any distributions from the Company as a return of capital on account of such Capital Contributions, ; and (c) the Company shall not redeem or repurchase the Membership Interest, or any portion thereof, Interest of any Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Spectrum Pharmaceuticals Inc)

Member Capital. Except as otherwise expressly provided in this Agreement or with the prior written consent of a Majority in Interest: the Board of Directors, (a) no Member shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account, ; (b) no Member shall withdraw any portion of its Capital Contributions or receive any distributions from the Company as a return of capital on account of such Capital Contributions, and (c) the Company shall not be required to redeem or repurchase the Membership Interest, or any portion thereof, Interest of any Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Horizon Lines Ventures, LLC)

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Member Capital. Except as otherwise provided in this Agreement or with the prior written consent of a Majority in Interestmajority of the Managers: (a) no Member shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account, and (b) no Member shall withdraw any portion of its Capital Contributions or receive any distributions from the Company as a return of capital on account of such Capital Contributions, and (c) the Company shall not redeem or repurchase the Membership Interest, or any portion thereof, of any Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Zumiez Inc)

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