Return of Contribution. Neither the MANAGING MEMBER or any member of the BOARD OF DIRECTORS, nor any of their officers, directors or AFFILIATES, shall be personally liable for, or have any obligation to contribute or loan any monies or property to the COMPANY to enable it to effectuate, the return of the Capital Contributions of the Shareholders, or any portion thereof, it being expressly understood that any such return shall be made solely from COMPANY assets.
Appears in 9 contracts
Samples: Operating Agreement (Strategic Hotel Ventures, LLC), Operating Agreement (Century West Multifamily Income Reit, LLC), Operating Agreement (Anabasis Real Estate Investment Trust, LLC)
Return of Contribution. Neither the MANAGING MEMBER Directors or any member officers of the BOARD OF DIRECTORSCompany nor the Sponsor, nor the Investment Manager, or any of their respective Affiliates, or any of their respective directors, managers, partners, officers, directors stockholders, members, securityholders, representatives, or AFFILIATESagents, shall be personally liable for, or have any obligation to contribute or loan any monies or property to the COMPANY Company to enable it to effectuate, the return of the Capital Contributions of the ShareholdersMembers, or any portion thereof, it being expressly understood acknowledged and agreed that any such return shall be made solely from COMPANY Company assets.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Fundrise Growth Tech Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC)
Return of Contribution. Neither the MANAGING MEMBER Directors or any member officers of the BOARD OF DIRECTORSCompany nor the Sponsor, nor the Investment Manager, or any of their officers, directors or AFFILIATES, shall Affiliates will be personally liable for, or have any obligation to contribute or loan any monies or property to the COMPANY Company to enable it to effectuate, the return of the Capital Contributions of the ShareholdersMembers, or any portion thereof, it being expressly understood that any such return shall be made solely from COMPANY Company assets.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Fundrise Real Estate Interval Fund, LLC)
