No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, shall receive any interest, salary, management or service fees or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Lendway, Inc.), LLC Operating Agreement, LLC Operating Agreement
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees salary or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Rayven Properties, LLC), Limited Liability Company Agreement (Tecogen Inc.), Limited Liability Company Agreement (Scio Diamond Technology Corp)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of his, her or its Capital Account or to receive any distribution Distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees salary or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions Distributions to any Members, in liquidation or otherwise.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.), Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Memberin its capacity as such, shall receive any interest, salary, management or service fees fees, or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Loop Industries, Inc.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees fees, or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (iMedia Brands, Inc.), Limited Liability Company Agreement (Chicken Soup for the Soul Entertainment, Inc.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its the Member’s Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing MemberManagers, shall receive any interest, salary, management or service fees salary or drawing with respect to its the Member’s Capital Contributions or its the Member’s Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose purposes of (i) accounting for Members’ respective Capital Contributions, and (ii) allocating items of income, gain, loss and deduction among the Members Members, and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Operating Agreement
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing MemberManagers, shall receive any interest, salary, management or service fees or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CurrencyWorks Inc.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of the one Capital Account or its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees fees, or drawing with respect to its Capital Contributions or the/its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Arcadia Biosciences, Inc.)
No Withdrawals From Capital Accounts. No Member shall will be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees salary or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NeoGames S.A.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees fees, or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this AgreementAgreement or an agreement approved by the Board. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Agreement
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees or drawing interest with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Athenex, Inc.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing MemberDirectors, shall receive any interest, salary, management or service fees or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss loss, and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees fees, or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for Agreement or any applicable agreements entered into by the sole purpose of allocating items of income, gain, loss Company and deduction among approved by the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwiseBoard.
Appears in 1 contract
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing MemberManager, shall receive any interest, salary, management or service fees salary or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Operating Agreement
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing MemberInitial Members, shall receive any interest, salary, management or service fees or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss loss, and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (iPower Inc.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution Distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss loss, and deduction among the Members and shall have no effect on the amount of any distributions Distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management management, or service fees fees, or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss loss, and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees fees, or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement or any JV Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Chicken Soup for the Soul Entertainment, Inc.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution Distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees or drawing with respect to its such Member’s Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Except as otherwise provided in this Agreement, the Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions Distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BIT ORIGIN LTD)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Great Elm Capital Corp.)
No Withdrawals From Capital Accounts. No Member shall be entitled to withdraw any part of its Capital Account or Special Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. No Member, including the Managing Member, Member shall receive any interest, salary, management or service fees or drawing draw with respect to its Capital Contributions or its Capital Account or on account of the Special Capital Account, except as otherwise provided in this Agreement. The Capital Accounts are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members, in liquidation or otherwise.
Appears in 1 contract
