No Withdrawal of Capital. A Member shall not receive from the Company or out of Company property and shall have no right to withdraw or demand, and the Company shall not return to a Member, any part of such Member’s Capital Contribution or Capital Account, except as expressly provided in this Agreement. Distributions to the Members shall be made only as expressly provided for in this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Agreement (Procaccianti Hotel Reit, Inc.)
No Withdrawal of Capital. A (a) No Member shall not be entitled to receive any distribution from the Company, except as provided in Section 8.1 or as otherwise provided herein, or to withdraw any part of its Capital Contributions in the Company. No Member shall have the right to cause the sale of any Company asset except as otherwise provided herein. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions or amounts in its Capital Account, or for services rendered on behalf of the Company or out of Company property and shall have no right to withdraw or demand, and the Company shall not return to otherwise in its capacity as a Member, any part of such Member’s Capital Contribution or Capital Account, except as expressly otherwise provided herein or in this Agreement. Distributions to the Members shall be made only as expressly provided for in this Agreementany Transaction Document.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (McGraw-Hill Companies Inc), Contribution Agreement (McGraw-Hill Companies Inc)
No Withdrawal of Capital. A Except as otherwise expressly provided in this Agreement, no Member shall not receive have the right to withdraw capital from the Company or out of Company property and shall have no right to withdraw receive any distribution or demand, and the Company shall not return to a Member, any part of such Member’s Capital Contributions, to withdraw from the Company as a Member, or otherwise relieve itself from the obligations applicable to an Interest Holder hereunder. Any unrepaid Capital Contribution is not a liability of the Company or Capital Account, except as expressly provided in this Agreementof any Members. Distributions No Member shall be required to contribute or to lend any cash or property to the Members shall be made only as expressly provided for in this AgreementCompany to enable the Company to return the other Members’ Capital Contributions.
Appears in 1 contract
Samples: Azz Inc
No Withdrawal of Capital. A Member shall not receive from the Company or out of Company property and shall have no right be entitled to withdraw or demand, and the Company shall not return to a Member, any part of such Member’s Capital Contribution capital or Capital Accountto receive any distribution from the Company, except as expressly specifically provided in this Agreement. Distributions No interest shall be paid on any capital contributed to the Members shall be made only as expressly provided for in this AgreementCompany.
Appears in 1 contract
