Return of Capital Contribution - Nonrecourse. Except as provided by law or as expressly provided in this Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the Capital Contribution of a Member, such Member shall have no recourse against any other Member.
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Samples: Operating Agreement (Telergy Inc /Ny), Operating Agreement (Telergy Inc /Ny)
Return of Capital Contribution - Nonrecourse. Except as provided by law or as expressly provided in this Agreement, upon dissolution, dissolution each Member or other holder of an Interest shall look solely to the assets of the Company Company’s Assets for the return of any Capital Contribution with respect to his, her, or its Capital ContributionInterest. If the Company Company’s property remaining after the payment or discharge of the Company’s debts and liabilities of the Company is insufficient to return the Capital Contribution Contributions to one or more Members or other holders of a MemberUnits, such Member the Members or other holders of Units shall have no recourse against any other MemberMember or Director.
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Samples: Limited Liability Company Operating Agreement (Ocean Biomedical, Inc.)
Return of Capital Contribution - Nonrecourse. Except as provided by law or as expressly provided in this Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the Capital Contribution of a Member, such Member shall have no recourse against any other Member.his
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