Common use of Members Look Solely to Company Assets Clause in Contracts

Members Look Solely to Company Assets. Each Member shall look solely to the assets of the Company for all distributions with respect to the Company and return of its capital contributions, and no Member shall have any recourse in connection therewith against any Manager except as provided in Section 6.1.

Appears in 2 contracts

Samples: Operating Agreement (American Restaurant Concepts Inc), Contribution Agreement (American Restaurant Concepts Inc)

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Members Look Solely to Company Assets. Each Member shall look solely to the assets of the Company for all distributions with respect to respecting the Company and return of its capital contributionsCapital Contributions, and no Member shall have any recourse in connection therewith against any Manager Member except as provided in Section 6.1.

Appears in 2 contracts

Samples: Operating Agreement (Foreland Corp), Operating Agreement (Crown Energy Corp)

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