Common use of Return of Members’ Capital Contribution Clause in Contracts

Return of Members’ Capital Contribution. A Member shall look solely to the Company’s assets for the return of such Member’s Capital Contribution. If the assets remaining after payment or discharge of all debts and liabilities of the Company are insufficient to return such Member’s Capital Contribution, the Member shall have no recourse against any other Member except to the extent of any required Capital Contribution of any other Member which has not been paid when due.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (El Pollo Loco Holdings, Inc.), Limited Liability Company Operating Agreement (EPL Intermediate, Inc.)

AutoNDA by SimpleDocs

Return of Members’ Capital Contribution. A Member shall look solely to the Company’s assets for the return of such Member’s Capital ContributionContributions. If the assets remaining after payment or discharge of all debts and liabilities of the Company are insufficient to return such Member’s Capital ContributionContributions, the Member shall have no recourse against any other Member except to the extent of any required Capital Contribution Contributions of any other Member which has not been paid when due.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Standard & Poor's Financial Services LLC), Limited Liability Company Agreement (Standard & Poor's Financial Services LLC), Limited Liability Company Agreement (Standard & Poor's Financial Services LLC)

AutoNDA by SimpleDocs

Return of Members’ Capital Contribution. A Member shall look solely to the Company’s assets for the return of such Member’s Capital Contribution. If the assets remaining after payment or discharge of all debts and liabilities of the Company are insufficient to return such Member’s Capital Contribution, the Member shall have no recourse against any other Member Member, except to the extent of any required Capital Contribution of any other Member which has not been paid when due.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Albany International Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!