Return of Contribution; Nonrecourse Against Other Members. 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 assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are insufficient to return the Capital Contribution of one or more Members, such Member or Members shall have no recourse against any other Member.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Return of Contribution; Nonrecourse Against Other Members. 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 ContributionContributions. If the assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are insufficient to return the Capital Contribution Contributions of one or more Members, such Member or Members shall have no recourse against any other Member. No Member shall be required to contribute any cash or property to the Company to enable the Company to return any Member’s Capital Contributions.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Paulsboro Natural Gas Pipeline Co LLC), Operating Agreement (Sunoco LP), Operating Agreement (Energy Transfer Partners, L.P.)
Return of Contribution; Nonrecourse Against Other Members. 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 assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are is insufficient to return the Capital Contribution cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member.. ARTICLE XIII
Appears in 2 contracts
Samples: LLC Agreement (MSW Energy Hudson LLC), LLC Agreement (Uae Ref Fuel Ii Corp)
Return of Contribution; Nonrecourse Against Other Members. 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 his or her Capital Contribution. If the assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are is insufficient to return the Capital Contribution cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Shipyard River Coal Terminal Co), Limited Liability Company Operating Agreement (Shipyard River Coal Terminal Co)
Return of Contribution; Nonrecourse Against Other Members. 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 assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are is insufficient to return the Capital Contribution cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Uae Ref Fuel Ii Corp)
Return of Contribution; Nonrecourse Against Other Members. Except as provided by law or as expressly provided in this LLC Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are is insufficient to return the Capital Contribution cash contribution of one or more Members, such Member or Members shall have no recourse against any other MemberMember except as expressly provided herein.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MSW Energy Hudson LLC)
Return of Contribution; Nonrecourse Against Other Members. 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 assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are is insufficient to return the Capital Contribution cash contribution of one or more Members, such Member or Members shall have no recourse against any other MemberMember except as expressly provided herein.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MSW Energy Finance Co Inc)
Return of Contribution; Nonrecourse Against Other Members. Except as provided by law 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 ContributionContributions. If the assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are insufficient to return the Capital Contribution Contributions of one or more Members, such Member or Members shall have no recourse against any other Member. No Member shall be required to contribute any cash or property to the Company to enable the Company to return any Member’s Capital Contributions.
Appears in 1 contract
Samples: Limited Liability Company Agreement (TransMontaigne Partners L.P.)
Return of Contribution; Nonrecourse Against Other Members. 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 Contributioncapital contributions. If the assets of the Company remaining after the payment or discharge of the debts and liabilities of the Company are is insufficient to return the Capital Contribution cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member.
Appears in 1 contract
