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: Operating Agreement, Operating Agreement, Limited Liability Company Agreement (Procaccianti Hotel Reit, 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.
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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.
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No Withdrawal of Capital. A No Member shall not have the right to resign or withdraw and receive any distribution from the Company as a result of such resignation or out of Company property withdrawal, and no Member shall have no the right to withdraw receive the return of all or demand, and the Company shall not return to a Member, any part of such Member’s its Capital Contribution Contributions or Capital Account, or any other distribution, except as provided in this Agreement. No Member shall have any right to demand and receive property of the Company in exchange for all or any portion of its Capital Contributions or Capital Account, except as expressly provided in this Agreement. Distributions to upon dissolution and liquidation of the Members shall be made only as expressly provided for in this AgreementCompany.
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Samples: Operating Agreement
