Common use of Member Compensation Clause in Contracts

Member Compensation. No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 9 contracts

Samples: Notice, www.dietrichlaw.com, s3.amazonaws.com

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Member Compensation. No Member shall receive any interest, salary compensation or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, Company or otherwise, in its capacity as a Member, except as otherwise provided in this AgreementAgreement or the ASA.

Appears in 9 contracts

Samples: Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp)

Member Compensation. No Member shall receive any interest, salary or drawing draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement or in the Management Services Agreement.

Appears in 8 contracts

Samples: Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (1847 Holdings LLC), Operating Agreement (Compass Group Diversified Holdings LLC)

Member Compensation. No Member shall receive any interest, salary compensation or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, Company or otherwise, otherwise in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Clearway Energy LLC), Limited Liability Company Agreement (Clearway Energy, Inc.), Limited Liability Company Agreement (Clearway Energy LLC)

Member Compensation. No Member shall receive any interest, salary or drawing draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement or in the Management Agreement.

Appears in 8 contracts

Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)

Member Compensation. No Member shall receive any interest, salary or drawing draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.)

Member Compensation. No Member shall receive any interest, salary or drawing draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement, the Management Agreement or any agreement to which the Manager subcontracts substantially all of or material aspects of certain management functions, including any sub-management agreement.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)

Member Compensation. No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Amended Agreement.

Appears in 4 contracts

Samples: Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO Trust)

Member Compensation. No Member shall receive any interest, salary salary, or drawing with respect to its Capital Contributions or its Capital Account or draw for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this AgreementSection 5.4(b).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)

Member Compensation. No Member shall receive any interest, salary salary, or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Operating Agreement.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Member Compensation. No Member shall receive any interest, salary salary, or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 3 contracts

Samples: Operating Agreement, Limited Liability Company Operating Agreement (Western Wind Energy Corp), Operating Agreement (Paula Financial)

Member Compensation. No Member shall receive any interest, salary salary, or drawing with respect to its Invested Capital Contributions or its any Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this AgreementAgreement or any employment agreement entered into by Company with such Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (MCI Income Fund VII, LLC), Limited Liability Company Agreement (MCI Income Fund V, LLC)

Member Compensation. No Member shall be entitled to receive any interest, salary salary, fee or drawing draw with respect to its Capital Contributions or its Capital Account or for services rendered to or on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (OCM HoldCo, LLC), Operating Agreement (OCM HoldCo, LLC)

Member Compensation. No Member shall receive any interest, salary compensation or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, Company or otherwise, in its capacity as a Member, except as otherwise provided in this AgreementAgreement or the ASAs.

Appears in 2 contracts

Samples: Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp)

Member Compensation. No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Joint Sales Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Metabolix Inc), Operating Agreement (Metabolix, Inc.)

Member Compensation. No Member shall may receive any interest, salary salary, or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)

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Member Compensation. No Member or any Affiliate of a Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cancer Genetics, Inc)

Member Compensation. No Member shall receive any interest, salary salary, drawing or drawing other form of compensation with respect to its such Member’s Capital Contributions Contribution or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its such Member’s capacity as a Member, Member except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Reading International Inc)

Member Compensation. No Member shall receive any interest, salary salary, or drawing with respect to its Capital Contributions Contribution or its any Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this AgreementAgreement or any employment agreement entered into by Company with such Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MCI Income Fund VII, LLC)

Member Compensation. No Member shall receive any interest, salary or drawing with respect to its Capital Contributions capital contributions or its Capital Account capital account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Rock Tenn Co)

Member Compensation. No Member shall receive any interest, salary compensation or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement. ( (SECTION 7.7. MEMBER LIABILITYSection 7.7.

Appears in 1 contract

Samples: Operating Agreement (International Airline Support Group Inc)

Member Compensation. No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account or for services rendered rendered-on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Pepco Holdings Inc)

Member Compensation. No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the CompanyCompany or its Subsidiaries, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lakes Entertainment Inc)

Member Compensation. No Member shall receive any interest, salary salary, or drawing draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the CompanyPlan, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Viant Technology Inc.)

Member Compensation. No Member shall receive any interest, salary or drawing with With respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement.. 6.8

Appears in 1 contract

Samples: Operating Agreement (Pepco Holdings Inc)

Member Compensation. No Member shall receive any interest, salary or drawing draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a MemberMember (for the avoidance of doubt, except as otherwise provided in this Agreementit being understood that a return of capital or distribution pursuant to Sections 3.4(a) or 5 shall not be deemed a salary or draw).

Appears in 1 contract

Samples: Operating Agreement (Vistancia Marketing, LLC)

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