Common use of No Right to Distributions in Kind Clause in Contracts

No Right to Distributions in Kind. No Member shall be entitled to demand property other than cash in connection with any distributions by the Company. No Member shall be entitled to withdraw from the Company in accordance with Section 183.0802(3)(a) of the Act, and except as provided in Section 6.2(c), no Member shall be entitled to obtain the return of any part of its Capital Contribution in the Company.

Appears in 3 contracts

Samples: Operating Agreement (Wisconsin Public Service Corp), Operating Agreement (Alliant Energy Corp), Operating Agreement (Alliant Energy Corp)

AutoNDA by SimpleDocs

No Right to Distributions in Kind. No Member shall be entitled to demand property other than cash in connection with any distributions by the Company. No Member shall be entitled to withdraw from the Company in accordance with Section 183.0802(3)(a183.0802(3) (a) of the Act, and except as provided in Section 6.2(c), no Member shall be entitled to obtain the return of any part of its Capital Contribution in the Company.

Appears in 3 contracts

Samples: Exchange Agreement, Operating Agreement, Exchange Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!