Common use of No Personal Liability for Capital Contributions Clause in Contracts

No Personal Liability for Capital Contributions. The Manager shall not be personally liable for the return of the capital contribution of any Member, or any portion thereof, it being expressly understood that any such return shall be made solely from Company assets.

Appears in 3 contracts

Samples: Operating Agreement (Ankam, Inc.), Operating Agreement (Ankam, Inc.), Limited Liability Company Operating Agreement

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No Personal Liability for Capital Contributions. The Manager shall is not be personally liable for the return of the capital contribution any portion of any Member, or any portion thereof, it being expressly understood that any such ’s Capital Contribution. Any return shall of capital will only be made solely from Company assetsavailable assets of the LLC.

Appears in 1 contract

Samples: Operating Agreement

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