Return of Contribution Nonrecourse to Other Members. Except as provided by law, upon dissolution of the Company, each Member shall look solely to the assets of the Company for the return of such Member’s Contributions. Member Contributions will be pro-rated back to each Member.
Appears in 3 contracts
Samples: Participation Company Agreement, Operating Participation Agreement, Operating Agreement
Return of Contribution Nonrecourse to Other Members. Except as provided by lawlaw or as expressly provided in this Operating Agreement, upon dissolution of dissolution, the Company, each Member shall look solely to the assets of the Company for the return of such Member’s its Capital Contributions. Member Contributions will be pro-rated back to each Member.
Appears in 1 contract
Return of Contribution Nonrecourse to Other Members. Except as provided by law, upon dissolution of the Companylaw or Section 4.2, each Member shall will look solely to the assets of the Company for all distributions with respect to the return of Company and such Member’s Contributions. Member 's Capital Contributions thereto and share of profits or losses thereof, and will be pro-rated back to each have no recourse therefore (upon dissolution of the Company or otherwise) against any other Member.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (All American Communications Inc)
