Return of Distributions. Except for distributions made in violation of the Act or this Agreement, no Member or Economic Interest Owner 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 Economic Interest Owner or paid by a Member or Economic Interest Owner 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 or Economic Interest Owner.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Operating Agreement, Operating Agreement
Return of Distributions. Except for distributions knowingly made in violation of the Act or this Agreement, no Member or Economic Interest Owner will 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 Economic Interest Owner or paid by a Member or Economic Interest Owner for the account of the Company or to a creditor of the Company will shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or Economic Interest Owner.
Appears in 3 contracts
Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)
Return of Distributions. Except for distributions made in violation of the Act or as expressly set forth in this AgreementAgreement or any other written agreement executed by such Person, no Member or Economic Interest Owner will Company Person 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 Economic Interest Owner or paid by a Member or Economic Interest Owner for the account of the Company or to a creditor of the Company will shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or Economic Interest OwnerMember.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Kaiser Ventures LLC), Kaiser Ventures Inc
Return of Distributions. Except for distributions made in violation ----------------------- of the Act or this Agreement, no Member or Economic Interest Owner will 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 Economic Interest Owner or paid by a Member or Economic Interest Owner for the account of the Company or to a creditor of the Company will shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or Economic Interest Owner.
Appears in 2 contracts
Samples: Operating Agreement (Hollywood Park Fall Operating Co), Operating Agreement (Hollywood Park Inc/New/)
Return of Distributions. Except for distributions made in violation of the Act or this Agreement, no Member or Economic Interest Owner will 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. The amount of any distribution returned to the Company LLC by a Member or Economic Interest Owner or paid by a Member or Economic Interest Owner for the account of the Company LLC or to a creditor of the Company will LLC shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or Economic Interest OwnerMember.
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Return of Distributions. Except for distributions made in violation of the Act or this Agreement, no Member or holder of an Economic Interest Owner will 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 Any such distribution shall instead be treated as an advance of (and reduce) any distribution returned with respect to the Company by a such Member or holder of an Economic Interest Owner or paid by a Member or Economic Interest Owner for the account of the Company or is entitled 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 or Economic Interest Ownerin accordance with this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Mr. Mango LLC)
Return of Distributions. Except for distributions Distributions made in violation of the Act or this Agreement, no Member or Economic Interest Owner will 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. The amount of any distribution Distribution returned to the Company by a Member or Economic Interest Owner or paid by a Member or Economic Interest Owner for the account of the Company or to a creditor of the Company will shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or Economic Interest Owner.
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Return of Distributions. Except for distributions made in violation of the Act or this Agreement, or unless otherwise required by law, no Member or holder of an Economic Interest Owner will 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 the holder of an Economic Interest Owner Interest, or paid by a Member or the holder of an Economic Interest Owner for the account of the Company or to a creditor of the Company will Company, shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or holder of an Economic Interest OwnerInterest.
Appears in 1 contract
Samples: Operating Agreement
Return of Distributions. Except for distributions made in violation ----------------------- of the Act or this Agreement, no Member or holder of an Economic Interest Owner will 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 holder of an Economic Interest Owner or paid by a Member or holder of an Economic Interest Owner for the account of the Company or to a creditor of the Company will shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or holder of an Economic Interest OwnerInterest.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Image Entertainment Inc)
Return of Distributions. Except for distributions Distributions made in violation of the Act or this Agreement, no Member or Economic Distributional Interest Owner will 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. The amount of any distribution Distribution returned to the Company by a Member or Economic Distributional Interest Owner or paid by a Member or Economic Distributional Interest Owner for the account of the Company or to a creditor of the Company will shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or Economic Distributional Interest Owner.
Appears in 1 contract