No Interest or Salary. 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 expressly provided in this Agreement.
Appears in 4 contracts
Samples: Operating Agreement (A & B II, Inc.), Operating Agreement (United Park City Mines Co), Operating Agreement (Udc Homes Inc)
No Interest or Salary. No Member shall receive any interest, salary salary, or drawing draws 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 expressly provided in this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Limoneira CO), Contribution Agreement (Limoneira CO), Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)
No Interest or Salary. No Member shall receive any interest, salary or drawing with draw with, respect to its Capital Contributions or its Capital Account capital account, and no Member shall receive any payments or fees for services rendered on behalf of the Company or otherwise whether in its capacity as a Member, independent contractor or agent, except as otherwise expressly provided in this AgreementAgreement or approved by the Board.
Appears in 3 contracts
Samples: Operating Agreement (Inland Diversified Real Estate Trust, Inc.), Operating Agreement (Inland American Real Estate Trust, Inc.), Operating Agreement (Inland Real Estate Corp)
No Interest or Salary. 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 the Manager or as a Member, except as otherwise expressly provided in this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Whitney Information Network Inc), Limited Liability Company Agreement (Whitney Information Network Inc)
