Return of Contribution Nonrecourse to Members. Except as provided by law or as expressly provided in this Agreement, upon winding up, each Member shall look solely to the assets of the Company for the return of his, her or 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 one or more Members, such Member or Members shall have no recourse against any other Member or any Manager.
Appears in 2 contracts
Samples: Company Agreement (Mortgage Assistance Center Corp), Company Agreement (Mortgage Assistance Center Corp)
Return of Contribution Nonrecourse to Members. Except as provided by law or as expressly provided in this AgreementLaw, upon winding updissolution, each Member shall will look solely to the assets of the Company for the return of his, her or its the Member’s 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 one or more any Members, such Member or Members shall will have no recourse against any other Member or any ManagerMember.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Caesars Entertainment Operating Company, Inc.)
Return of Contribution Nonrecourse to Members. Except as provided by law or as expressly provided in this Agreement, upon winding up, each Member shall look solely to the assets of the Company for the return of his, her or 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 one or more Members, such Member or Members shall have no recourse against any other Member or any the Manager.
Appears in 1 contract
Samples: Company Agreement (Mortgage Assistance Center Corp)
Return of Contribution Nonrecourse to Members. Except as provided by law or as expressly provided in this Agreement, upon winding up, each Member shall look solely to the assets of the Company for the return of his, her or 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 one or more Members, such Member or Members shall have no recourse against any other Member or any Manager.its
Appears in 1 contract
Samples: Company Agreement (Mortgage Assistance Center Corp)
