No Personal Liability for Return of Capital. Notwithstanding anything to the contrary contained herein, no Member shall be personally liable for the return of Capital Contributions or the return of any additions to the capital accounts of the other Members or the return of any portion of such Capital Contributions or capital account, it being expressly agreed that any return of Capital Contributions as may be made at any time, or from time to time, shall be made solely from the assets of the Company and only in accordance with the term hereof.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (BMW Fs Securities LLC), Limited Liability Company Agreement (Financial Services Vehicle Trust), Limited Liability Company Agreement (BMW Auto Leasing LLC)
No Personal Liability for Return of Capital. Notwithstanding anything to the contrary contained herein, no No Member shall be personally liable or responsible for the return or repayment of Capital Contributions all or the return of any additions to the capital accounts of the other Members or the return of any portion of such the Capital Contributions Contribution of any Member or capital accountany loan made by any Member to the Company, it being expressly agreed understood that any such return of Capital Contributions as may be made at capital or repayment of any time, or from time to time, loan shall be made solely from the assets (which shall not include any right of contribution from any Member) of the Company and only in accordance with the term hereofCompany.
Appears in 2 contracts
Samples: Joint Venture Agreement (Cottonwood Multifamily Reit Ii, Inc.), Joint Venture Agreement (Cottonwood Multifamily Reit I, Inc.)
No Personal Liability for Return of Capital. Notwithstanding anything to the contrary contained herein, no No Member shall be personally liable or responsible for the return or repayment of Capital Contributions all or the return of any additions to the capital accounts of the other Members or the return of any portion of such the Capital Contributions Contribution of any Member or capital accountany loan made by any Member to the Company, it being expressly agreed understood that any such return of Capital Contributions as may be made at capital or repayment of any time, or from time to time, loan shall be made solely from the assets (which shall not include any right of contribution from any Member) of the Company and only in accordance with the term hereof.Company. 7.7
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cottonwood Multifamily Reit Ii, Inc.)
