NO INTEREST ON CAPITAL CONTRIBUTIONS; NO WITHDRAWAL OF CAPITAL. No interest shall be paid by the Company to any Member with respect to any Capital Contribution. Except as otherwise specifically set forth in this Agreement, no Member shall have the right to (a) demand to receive property other than cash in return for its Capital Contribution or as distributions of income, (b) withdraw any part of its Capital Contribution (regardless of whether or not such Member has withdrawn from the Company), or (c) demand to receive any funds or property of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Rouge Industries Inc), Operating Agreement (Rouge Steel Co)
NO INTEREST ON CAPITAL CONTRIBUTIONS; NO WITHDRAWAL OF CAPITAL. No interest shall be paid by the Company to any Member with respect to any Capital ContributionContribution except as provided herein. Except as otherwise specifically set forth in this Agreement, no Member shall have the right to to: (ai) demand to or receive property other than cash in return for its such Member’s Capital Contribution or as distributions a distribution in respect of income, such Member’s Units; (bii) withdraw any part of its such Member’s Capital Contribution (regardless of whether or not such Member has withdrawn from as a Member of the Company), ; or (ciii) demand to receive any funds or property of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (L Brands Service Company, LLC)
NO INTEREST ON CAPITAL CONTRIBUTIONS; NO WITHDRAWAL OF CAPITAL. No interest shall be paid by the Company to any Member with respect to any Capital Contribution. Except as otherwise specifically set forth in this Agreement, no Member shall have the right to (a) demand to or receive property other than cash in return for its Capital Contribution or as distributions of income, (b) withdraw any part of its Capital Contribution (regardless of whether or not such Member has withdrawn from the Company), or (c) demand to receive any funds or property of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (M I Schottenstein Homes Inc)
NO INTEREST ON CAPITAL CONTRIBUTIONS; NO WITHDRAWAL OF CAPITAL. No interest shall be paid by the Company to any Member with respect to any Capital Contributioncapital contribution. Except as otherwise specifically set forth in this Agreement, no Member shall have the right to (a) demand to receive property other than cash in return for its Capital Contribution or as distributions of income, (b) withdraw any part of its Capital Contribution (regardless of whether or not such Member has withdrawn from the Company), or (c) demand to receive any funds or property of the Company.
Appears in 1 contract
Samples: Operating Agreement (Rouge Steel Co)
