Common use of No Liability for Capital Contributions Clause in Contracts

No Liability for Capital Contributions. No Member shall be -------------------------------------- required to pay to the Company any deficit in its capital account (upon dissolution or otherwise). No Member shall have the right to demand or receive cash or other property for its interest in the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Gem Nevada LLC), Limited Liability Company Agreement (Gem Nevada LLC), Limited Liability Company Agreement (Gem Nevada LLC)

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No Liability for Capital Contributions. No Member shall -------------------------------------- be -------------------------------------- required to pay to the Company any deficit in its capital account (upon dissolution or otherwise). No Member shall have the right to demand or receive cash or other property for its interest in the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Gem Nevada LLC), Limited Liability Company Agreement (Gem Nevada LLC)

No Liability for Capital Contributions. No Member -------------------------------------- shall be -------------------------------------- required to pay to the Company any deficit in its capital account (upon dissolution or otherwise). No Member shall have the right to demand or receive cash or other property for its interest in the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Gem Nevada LLC), Limited Liability Company Agreement (Gem Nevada LLC)

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No Liability for Capital Contributions. No The Member shall not -------------------------------------- be -------------------------------------- required to pay to the Company any deficit in its capital account (upon dissolution or otherwise). No The Member shall not have the right to demand or receive cash or other property for its interest in the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gem Nevada LLC)

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