No Right to Withdraw Capital Contributions Sample Clauses

No Right to Withdraw Capital Contributions. Except for distributions provided in Section 5.1 or otherwise approved by the MMC, no Member shall have the right to withdraw its Capital Contribution or to receive a return of its Capital Contribution.
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No Right to Withdraw Capital Contributions. No Partner shall have a right to withdraw any part of his Capital Contributions except upon dissolution or liquidation of the Partnership. If the occasion for the return of Capital Contributions should arise, no Partner shall have the right to receive property other than cash.
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No Right to Withdraw Capital Contributions. Except as otherwise provided in this Agreement, no Member shall be entitled to withdraw or receive contributions of or against its capital contributions without the prior consent of, and upon the terms and conditions agreed upon by, the [Members/Managers]. : PROFITS, LOSSES AND DISTRIBUTIONS Allocation of Profits and Losses The Company’s income, gain, losses, deductions and credits for each fiscal year of the Company, shall be allocated amongst the Members in proportion to their respective Percentage Interests. Such allocation shall be for both book and tax purposes. Distributions Taking into account all debts, liabilities and obligations of the Company then due, working capital, and other amounts necessary or prudent for the conduct of the business of the Company or to place into reserves, cash available for distribution may be distributed at such time and in such manner as the [Members/Managers] shall determine, in their absolute discretion, in proportion to the respective Percentage Interests of the Members. All distributions by the Company shall be made only to the Persons who, according to the lists maintained in the form of Annex A, are the holders of record of Economic Interests in respect of which such distributions are made on the actual date of distribution.
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No Right to Withdraw Capital Contributions. 20 Section 9.05 No Priorities Among Partners . . . . . . . . . . . . . . 20 Section 9.06
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No Right to Withdraw Capital Contributions. Except as otherwise provided in this Agreement, no Member shall be entitled to withdraw or receive contributions of or against its capital contributions without the prior consent of, and upon the terms and conditions agreed upon by, the [Members/Managers].
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Related to No Right to Withdraw Capital Contributions

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

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