Common use of Return of Contribution Nonrecourse to Other Members Clause in Contracts

Return of Contribution Nonrecourse to Other Members. Except as provided by law or as expressly provided in this Company Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company assets remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member, except to the extent any Member knowingly received a distribution made in violation of this Company Agreement.

Appears in 2 contracts

Samples: Company Agreement (Valhi Inc /De/), Company Agreement (Valhi Inc /De/)

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Return of Contribution Nonrecourse to Other Members. Except as provided by law or as expressly provided in this Company LLC Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital ContributionContributions or any loans owed to it by the Company. If the assets of the Company assets remaining after the payment or discharge of the debts and liabilities of the Company is are insufficient to return the cash contribution Capital Contributions of one or more Memberseither Member, such neither Member or Members shall have no any recourse against any the other Member, except to the extent any Member knowingly received a distribution made in violation of this Company Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Angeion Corp/Mn), Operating Agreement (Angeion Corp/Mn)

Return of Contribution Nonrecourse to Other Members. Except as provided by law or as expressly provided in this Company Agreementlaw, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital ContributionContribution and/or Distributions. If the assets of the Company assets remaining after the payment or discharge of the debts and liabilities of the Company is are insufficient to return the cash contribution of one or more MembersMembers or to make Distributions under this Agreement, such Member or Members shall have no recourse against any other Member, except to the extent any Member knowingly received a distribution made in violation of this Company Agreement.

Appears in 2 contracts

Samples: Operating Agreement (National Energy Group Inc), Operating Agreement (National Energy Group Inc)

Return of Contribution Nonrecourse to Other Members. Except as provided by law or as expressly provided in this Company Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company assets property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member, except to the extent any Member knowingly received a distribution made in violation of this . Syntroleum-Sweetwater Company Agreement.Agreement ------------------------------------------------------------------------------ CONFIDENTIAL

Appears in 1 contract

Samples: Company Agreement (SLH Corp)

Return of Contribution Nonrecourse to Other Members. Except as provided by law or as expressly provided in this Company Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company assets remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member, except to the extent any Member knowingly received a distribution made in violation of this Company Agreement.. ARTICLE XIV AMENDMENT 14.1

Appears in 1 contract

Samples: Company Agreement

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Return of Contribution Nonrecourse to Other Members. Except as provided by law Law or as expressly provided in this Company Agreement, upon dissolution, each Member shall look solely to the assets of the Company Assets for the return of its Capital Contribution. If the Company assets Company's property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution contributions of one or more Members, such Member or Members shall have no recourse against any other Member, except to the extent any Member knowingly received a distribution made in violation of this Company Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hecla Mining Co/De/)

Return of Contribution Nonrecourse to Other Members. Except as provided by law or as expressly provided in this Company LLC Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its such Member's Capital Contribution. If the Company assets property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution Capital Contributions of one or more Members, such no Member or Members shall have no recourse against any other Member, except to the extent any Member knowingly received a distribution made in violation of this Company Agreement.

Appears in 1 contract

Samples: LLC Agreement (Comlink Communications Co)

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