Common use of Rights of Members; Resignation Clause in Contracts

Rights of Members; Resignation. (a) Except as otherwise provided in this Agreement, each Member shall look solely to the property of the Company for the return of its Capital Contributions, and, except in respect of the Company’s Indebtedness or obligations to a Member, shall have no right or power to demand or receive property other than cash from the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Bioventus Inc.), Limited Liability Company Agreement (Bioventus Inc.), Limited Liability Company Agreement (Express Parent LLC)

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Rights of Members; Resignation. (a) Except as otherwise provided in this Agreement or in any agreement referred to in this Agreement, each Member shall look solely to the property assets of the Company for the return of its Capital Contributions, and, except in respect of the Company’s Indebtedness or obligations to a Member, Contributions and shall have no right or power to demand or receive property other than cash from the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.)

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Rights of Members; Resignation. (a) Except as otherwise provided in this Agreement, each Member shall look solely to the property assets of the Company for the return of its Capital Contributions, and, except capital contributions (and then only in respect of accordance with the Company’s Indebtedness or obligations to a Member, distribution provisions set forth in Article 6) and shall have no right or power to demand or receive property other than cash from the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Homes 4 Rent)

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