Common use of Returns of Contributions Nonrecourse to Members Clause in Contracts

Returns of Contributions Nonrecourse to Members. Each Member will look solely to the assets of the Series for the return of any contribution to the capital of the Series, and if the assets of the Series remaining after satisfaction (whether by payment or reasonable provision for payment) of the debts, liabilities, obligations and expenses of the Series are insufficient to return such capital contribution, each Member will have no recourse against the Series, the Manager or any other Member, except as otherwise provided by law.

Appears in 66 contracts

Samples: Form of Series Operating Agreement, Series Operating Agreement (Landa App LLC), Series Operating Agreement (Landa App LLC)

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Returns of Contributions Nonrecourse to Members. Each Except as otherwise provided by applicable laws, upon dissolution of a Series, each Series Member will look solely to the assets of the Series for the return of any contribution its Capital Contributions made to the capital of the Series, and if the assets of the Series remaining after satisfaction (whether by payment or reasonable provision for payment) of the debts, liabilities, obligations and expenses of the Series are insufficient to return such capital contributionCapital Contributions, each such Series Member will have no recourse against any other Series, the SeriesCompany, the Manager or any other the Member or Series Member, except as otherwise provided by law.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Landa App 2 LLC), Limited Liability Company Agreement (Landa App LLC)

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Returns of Contributions Nonrecourse to Members. Each Except as otherwise provided by applicable laws, upon termination of a Series, each Member associated with the Series will look solely to the assets of the Series for the return of any contribution its Capital Contributions made to the capital of the Series, and if the assets of the Series remaining after satisfaction (whether by payment or reasonable provision for payment) of the debts, liabilities, obligations and expenses of the Series are insufficient to return such capital contributionthe Capital Contributions, each Member the Members will have no recourse against the any other Series, the Manager Company, the Managers or any other Member, except as otherwise provided by law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rabble One, LLC)

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