Common use of Other Capital Matters Clause in Contracts

Other Capital Matters. (a) Except as otherwise provided in this Agreement, no Member shall demand or receive a return of the Member's Capital Contributions or withdraw them from the Company without the consent of the Board and each other Member. Under circumstances allowing or requiring a return of any Capital Contributions, no Member shall have the right to receive Company Property other than cash except as may be specifically provided herein.

Appears in 2 contracts

Samples: Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc)

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Other Capital Matters. (a) Except as otherwise provided in this Agreement, no Member shall demand or receive a return of the Member's Capital Contributions or withdraw them from the Company without the consent approval of the Board and each other MemberMembers. Under circumstances allowing or requiring a return of any Capital Contributions, no Member shall have the right to receive Company Property other than cash except as may be specifically provided herein.

Appears in 1 contract

Samples: Member Control Agreement (Active Iq Technologies Inc)

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Other Capital Matters. (a1) Except as otherwise provided in this Agreement, no Member shall demand or receive a return of the Member's Capital Contributions or withdraw them from the Company without the consent of the Board and each other MemberAppointing Members. Under circumstances allowing or requiring a return of any Capital Contributions, no Member shall have the right to receive Company Property other than cash except as may be specifically provided herein.

Appears in 1 contract

Samples: Member Control Agreement (Lakes Gaming Inc)

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