Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to its accepted “Commitment” (as defined in the Member’s subscription agreement, the “Subscription Agreement”) in exchange for an Interest. a) No Member will be paid interest on any Capital Contribution to the Fund. b) No Member has any right to demand the return of its Capital Contribution, except upon dissolution of the Fund pursuant to Article X. c) No Member has the right to demand property other than Portfolio Company Securities in return for its Capital Contribution, except upon dissolution of the Fund pursuant to Article VII.
Appears in 4 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to its accepted “Commitment” Commitment (as defined in the Member’s subscription agreement, the “'s Subscription Agreement”) in exchange for an Interest.
(a) No Member will be paid interest on any Capital Contribution to the FundFund or on that Member's Capital Account.
(b) No Member has any right to demand the return of its Capital Contribution, except upon dissolution of the Fund pursuant to Article X.
(c) No Member has the right to demand property other than Portfolio Company Securities in return for its Capital Contribution, except upon dissolution of the Fund pursuant to Article VII.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to its accepted “Commitment” (as defined in the Member’s subscription agreement, the “Subscription Agreement”) in exchange for an Interest.
(a) No Member will be paid interest on any Capital Contribution to the Fund.
(b) No Member has any right to demand the return of its Capital Contribution, except upon dissolution of the Fund pursuant to Article X.
(c) No Member has the right to demand property other than Portfolio Company Securities in return for its Capital Contribution, except upon dissolution of the Fund pursuant to Article VII.
Appears in 1 contract
Samples: Purchase Agreement
Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to its accepted “Commitment” (as defined in the Member’s subscription agreement, the “Subscription Agreement”) in exchange for an Interest.
(a) No Member will be paid interest on any Capital Contribution to the FundCompany or on that Member’s Capital Account.
(b) No Member has any right to demand the return of its Capital Contribution, except upon dissolution of the Fund Company pursuant to Article X.
(c) No Member has the right to demand property other than Portfolio Company Asset Securities in return for its Capital Contribution, except upon dissolution of the Fund Company pursuant to Article VII.
Appears in 1 contract
Samples: Individual Series Limited Liability Company Agreement (Freeport Holdings Series LLC)