Members' Accounts and Withdrawals. An individual Capital Account shall be maintained for each Member in accordance with requirements of the Code and the Regulations promulgated thereunder. Except as provided in Section 8.12 below, no Member shall be entitled to withdraw or to make demand for withdrawal of any part of its Capital Account or to receive any distribution except as provided herein.
Appears in 3 contracts
Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)
Members' Accounts and Withdrawals. An individual Capital Account shall be maintained for each Member in accordance with requirements of the Code and the Regulations promulgated thereunderRegulations. Except as provided in Section 8.12 below, no No Member shall be entitled to withdraw or from the Company unless such right is expressly provided herein. No Member shall be entitled to make demand for withdrawal or redemption of any part of its Capital Account or to receive any distribution except as provided herein.
Appears in 3 contracts
Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Inc), Operating Agreement (Medcath Corp)
Members' Accounts and Withdrawals. An individual Capital Account shall be maintained for each Member in accordance with requirements of the Code and the Regulations promulgated thereunderMember. Except as provided in Section 8.12 below, no No Member shall be entitled to withdraw withdraw, or to make demand for withdrawal of any part of his, her or its Capital Account Account, or to receive any distribution distribution, except as provided herein.
Appears in 2 contracts
Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)