Common use of No Liability for Return of Capital Clause in Contracts

No Liability for Return of Capital. Except as provided in the Limited Liability Company Act, the Manager shall not be liable for the return or repayment of all or any portion of the Capital Contributions or profits of the Members (or assignees). Any return or repayment of capital or profits made pursuant to this Agreement shall be made solely from the assets of the Company (which shall not include any right of contribution from the Manager).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (FRONTIER MASTERS SERIES, a Series of the Frontier Fund), Limited Liability Company Agreement (FRONTIER MASTERS SERIES, a Series of the Frontier Fund), Limited Liability Company Agreement (FRONTIER MASTERS SERIES, a Series of the Frontier Fund)

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No Liability for Return of Capital. Except as provided in the Limited Liability Company Act, the The Manager shall not be liable for the return or repayment of all or any portion of the Capital Contributions capital contributions or profits of the Members Member (or assigneesassignee). Any , it being expressly agreed that any such return or repayment of capital or profits made pursuant to this Agreement shall be made solely from the assets of the Company (which shall not include any right of contribution from the Manager).

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Agreement (Frontier Fund)

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