No Right to Withdraw. No Member shall have the right to withdraw capital or demand or receive distributions or other returns of any amount in its Capital Account, except as expressly provided in this Section 6. Notwithstanding the foregoing, Manager may permit, in its sole and absolute discretion, withdrawal of capital by a Member, provided the following conditions are satisfied:
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement (Iron Bridge Mortgage Fund LLC), Operating Agreement (Iron Bridge Mortgage Fund LLC)
No Right to Withdraw. No Member shall have the right to withdraw capital or demand or receive distributions or other returns of any amount in its Capital Account, except as expressly provided in this Section 6. Notwithstanding 6 or in Section 12.2 following the foregoing, Manager may permit, in its sole and absolute discretion, withdrawal occurrence of capital by a Member, provided the following conditions are satisfied:an Event of Termination.
Appears in 1 contract
Samples: Limited Liability Company Agreement (HPS Corporate Lending Fund)
