No Recourse Against Members. The Members shall look solely to the assets of the Company for the return of their investment, and if the Company Property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return such investment, they shall have no recourse against any other Member.
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Samples: Limited Liability Company Operating Agreement (FDR Ireland LTD), Limited Liability Company Operating Agreement (FDR Ireland LTD), Operating Agreement (Aleris International, Inc.)
No Recourse Against Members. The Members shall look solely to the assets of the Company for the return of their investment, and if the Company Property property remaining after the payment or discharge of the debts and liabilities of the Company and of the costs and expenses of winding up is insufficient to return such investment, they shall have no recourse against any other Member. However, any obligation of a Member incurred to another Member shall continue to apply in accordance with its terms.
Appears in 1 contract
Samples: Operating Agreement
No Recourse Against Members. The Members shall look solely to the assets of the Company for the return of their investment, and if the Company Property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return such investment, they shall have no recourse against any other Manager or Member.
Appears in 1 contract
