Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company.
Appears in 10 contracts
Samples: Operating Agreement (KonaTel, Inc.), Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company. The amount of any distribution returned to the Company by a Member or paid by a Member for the account of the Company or to a creditor of the Company shall be added to the account or accounts from which it was subtracted when it was distributed to the Member.
Appears in 6 contracts
Samples: Security Agreement, Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Claxson Interactive Group Inc)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company. Notwithstanding any provision of this Agreement to the contrary, a Member who receives a distribution from the Company shall have no liability to return any portion of such distribution after the expiration of three (3) years from the date of the distribution pursuant to Section 18-607(c) of the Act.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Time Warner Cable Information Services (Texas), LLC), Limited Liability Company Agreement (Charter Communications Inc /Mo/), Limited Liability Company Agreement (Charter Communications Inc /Mo/)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member or Economic Interest Owner shall be obligated to return any distribution to the Company LLC or pay the amount of any distribution for the account of the Company LLC or to any creditor of the CompanyLLC.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be is obligated to return any distribution to received from the Company or pay the amount of any distribution received from the Company for the account of the Company or to any creditor of the Company.
Appears in 3 contracts
Samples: California Limited Liability Company, Operating Agreement, California Limited Liability Company
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall will be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company. The amount of any distribution returned to the Company by a Member or paid by a Member for the account of the Company or to a creditor of the Company will be added to the account or accounts from which it was subtracted when it was distributed to the Member.
Appears in 3 contracts
Samples: Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Playboy Enterprises Inc)
Return of Distributions. Except for distributions made in violation ----------------------- of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company. The amount of any distribution returned to the Company by a Member or paid by a Member for the account of the Company or to a creditor of the Company shall be added to the account or accounts from which it was subtracted when it was distributed to the Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required or prohibited by lawApplicable Law, no Member shall be obligated to return any distribution to the Company or to pay the amount of any distribution for the account of the Company or to any creditor of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Performance Capital Management LLC), Operating Agreement (Performance Capital Management LLC)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company. The amount of any distribution returned to the Company by a Member or paid by a Member for the account of the Company or to a creditor of the Company shall be added to the account or accounts from which it was subtracted when it was distributed to such Member.
Appears in 2 contracts
Samples: Operating Agreement (Targeted Medical Pharma, Inc.), Operating Agreement (Westminster Capital Inc)
Return of Distributions. Except for distributions Distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member or Economic Interest Owner shall be obligated to return any distribution Distribution to the Company or pay the amount of any distribution Distribution for the account of the Company or to any creditor of the Company.
Appears in 1 contract
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company Company, or pay the amount of any distribution for the Company’s account of the Company or to any creditor of the Company. The amount of any distribution returned to the Company by a Member or paid by a Member for the Company’s account or to a creditor of the Company shall be added to the account or accounts from which it was subtracted when it was distributed to the Member.
Appears in 1 contract
Samples: Operating Agreement (Red Rock Pictures Holdings, Inc)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no No Member shall will be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the CompanyCompany except (i) for distributions made in violation of the Act or this Agreement, (ii) as otherwise required by law, (iii) if such Member is deemed to receive distributions in an aggregate amount that exceeds the distributions to which such Member is otherwise entitled to receive pursuant to this Agreement and (iv) as required under Section 8.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Vinco Ventures, Inc.)
Return of Distributions. Except for distributions made in ------------------------ violation of the Act or this Agreement, or as otherwise required or prohibited by lawApplicable Law, no Member shall be obligated to return any distribution to the Company or to pay the amount of any distribution for the account of the Company or to any creditor of the Company.
Appears in 1 contract
Samples: Operating Agreement (Performance Capital Management LLC)
Return of Distributions. Except for those distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Companycreditor.
Appears in 1 contract
Samples: Operating Agreement (Ministry Partners Investment Corp)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company. The amount of any distribution returned to the Company by a Member or paid by a Member for the account of the Company or to a creditor of the Company shall be added to the account or accounts from which it shall have been subtracted on its distribution to the Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Innovaro, Inc.)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no Member shall be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the Company. Notwithstanding any provision of this Agreement to the contrary, a Member who receives a distribution from the Company shall have no liability to return any portion of such distribution unless required to do so by applicable law.
Appears in 1 contract
Samples: Project Management Agreement (Pinnacle Entertainment Inc)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or as otherwise required by law, no No Member shall will be obligated to return any distribution to the Company or pay the amount of any distribution for the account of the Company or to any creditor of the CompanyCompany except (i) for distributions made in violation of the Act or this Agreement, (ii) as otherwise required by law, (iii) if such Member is deemed to receive distributions in an aggregate amount that exceeds the distributions to which such Member is otherwise entitled to receive pursuant to this Agreement and (iv) as required under Section 7.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wright Investors Service Holdings, Inc.)