Return of Capital Account. Except as otherwise specifically provided in this Agreement, (i) no Member shall have any right to withdraw or reduce its Capital Contributions or Capital Account, or to demand and receive property or any distribution from the Company in return for its Capital Contributions or Capital Account, and (ii) any return of Capital Contributions or Capital Accounts to the Members shall be solely from the Company Assets, and no Member shall be personally liable for any such return.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (MMA Capital Holdings, Inc.), Limited Liability Company Operating Agreement (MMA Capital Holdings, Inc.)
Return of Capital Account. Except as otherwise specifically provided in this Agreement, (i) no Member shall have any right to withdraw or reduce its Capital Contributions or Capital Account, or to demand and receive property or any distribution other than cash from the Company in return for its Capital Contributions or Capital Account, (ii) no Member shall have any priority over any other Members as to the return of its Capital Contributions or Capital Account, and (iiiii) any return of Capital Contributions or Capital Accounts to the Members shall be solely from the Company AssetsProperty, and no Member shall be personally liable for any such return. .
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Thermoenergy Corp), Operating Agreement (Old Line Bancshares Inc)
Return of Capital Account. Except as otherwise specifically provided in this Agreement, (i) no Member shall have any right to withdraw or reduce its his Capital Contributions or Capital AccountContributions, or to demand and receive property or any distribution other than cash from the Company in return for its such Member’s Capital Contributions or Contribution, (ii) no Member shall have any priority over any other Members as to the return of their Capital AccountContributions, and (iiiii) any return of Capital Contributions or Capital Accounts to the Members shall be solely from the Company Assets, and no Member shall be personally liable for any such return. .
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Return of Capital Account. Except as otherwise specifically provided in this Agreement, (i) no Member shall have any right to withdraw or reduce its Capital Contributions or Capital Account, or to demand and receive property or any distribution from the Company in return for its Capital Contributions or Capital Account, and (ii) any return of Capital Contributions or Capital Accounts to the Members shall be solely from the Company Assets, and no Member shall be personally liable for any such return. .
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Mma Capital Management, LLC)
