Common use of Rights of Members on Liquidation Clause in Contracts

Rights of Members on Liquidation. Except as otherwise provided in this Agreement, (i) each Member shall look solely to the assets of the Company for the return of his Capital Contributions and shall have no right or power to demand or receive property other than cash from the Company and (ii) no Member shall have priority over any other Member as to the return of Capital Contributions, distributions or allocations.

Rights of Members on Liquidation. Except as otherwise provided in this Agreement, regarding liquidation of the Company assets: (i) each Member member shall look solely to the assets of the Company for the return of his Capital Contributions and shall have no right or power to demand or receive property other than cash from the Company in such amount as provided in Section 9.4 (Distribution); and (ii) no Member member shall receive or have priority over any other Member member as to the return of Capital Contributionshis or her capital contributions, distributions or allocations, except as otherwise agreed in writing between such member and the Company or otherwise waived by the member otherwise entitled to the benefit hereof. No member shall have any financial interest or right of distribution, except to the extent that such member is a member.

Rights of Members on Liquidation. Except as otherwise provided in this Agreement, (i) each Member shall look solely to the assets of the Company for the return of his its Capital Contributions and shall have no right or power to demand or receive property other than cash from the Company and (ii) no Member shall have priority over any other Member as to the return of its Capital Contributions, distributions or allocations.

Rights of Members on Liquidation. Except as otherwise provided in this Agreement, (i) each Member shall look solely to the assets of the Company for the return of his Capital Contributions and shall have no right or power to demand or receive property other than cash from the Company and (ii) no Member shall have priority over any other Member as to the return of his Capital Contributions, distributions or allocations.