Common use of RIGHTS OF MEMBERS TO CAPITAL Clause in Contracts

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s Interest pursuant to Section 4.6 hereof or (ii) upon the liquidation of the Company’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s property or to compel any sale or appraisal of the Company’s assets.

Appears in 24 contracts

Samples: Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Fund LLC)

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RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 4.7 hereof or (ii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Mercantile Alternative Strategies Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 4.4 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iiiii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Limited Liability Company Agreement (Excelsior Multi-Strategy Hedge Fund of Funds (Te 2), LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 4.5 hereof, (ii) pursuant to the provisions of Section 5.6 hereof or (iiiii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Old Mutual 2100 Absolute Return Master Fund, L.L.C.), Limited Liability Company Agreement (Old Mutual 2100 Emerging Managers Master Fund, L.L.C.)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s Interest 's Units pursuant to Section 4.6 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iiiii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Robeco-Sage Triton Master Fund, L.L.C.), Limited Liability Company Agreement (Robeco-Sage Multi-Strategy Master Fund, L.L.C.)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any his contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except except (i) upon the repurchase by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 hereof, (ii) pursuant to the provisions of Section 5.7(c) hereof or (iiiii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Whistler Fund LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iiiii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Phoenix LJH Advisors Fund LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s Interest pursuant to Section 4.6 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iiiii) upon the liquidation of the Company’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s property or to compel any sale or appraisal of the Company’s assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mount Yale Opportunity Fund, LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except except (i) upon the repurchase by the Company of a part or all of such Member’s Interest pursuant to Section 4.6 hereof or (ii) upon the liquidation of the Company’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s property or to compel any sale or appraisal of the Company’s assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mercantile Long Short Manager Fund LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution capital contributed to the capital Company through such Member’s purchase of the CompanyUnits, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s Interest 's Units pursuant to Section 4.6 hereof 4.5 hereof, or (ii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 7.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Man FRM Alternative Multi-Strategy Fund LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any his contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 hereof, (ii) pursuant to the provisions of Section 5.7(c) hereof or (iiiii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Xanthus Fund LLC)

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RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 hereof, (ii) pursuant to the provisions of Section 5.7(c) hereof or (iiiii) upon the liquidation of the Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sawgrass Fund LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s Interest Units pursuant to Section 4.6 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iiiii) upon the liquidation of the Company’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s property or to compel any sale or appraisal of the Company’s assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Portfolio Company, nor shall any Member be entitled to the return of any capital of the Portfolio Company except (i) upon the repurchase by the Portfolio Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 4.4 hereof, (ii) pursuant to the provisions of Section 5.7 hereof or (iiiii) upon the liquidation of the Portfolio Company’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Portfolio Company’s 's property or to compel any sale or appraisal of the Portfolio Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Man-Glenwood Lexington Associates Portfolio LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the CompanyPortfolio, nor shall any Member be entitled to the return of any capital of the Company Portfolio except (i) upon the repurchase by the Company Portfolio of a part or all of such Member’s Interest pursuant to Section 4.6 hereof or (ii) upon the liquidation of the CompanyPortfolio’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the CompanyPortfolio’s property or to compel any sale or appraisal of the CompanyPortfolio’s assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Growth Capital TEI Portfolio, LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company Company, except (i) upon the repurchase redemption by the Company of a part or all of such Member’s 's Interest pursuant to Section 4.6 3.12 hereof, (ii) pursuant to the provisions of Section 3.07(c) hereof or (iiiii) upon the liquidation distribution of the Company’s 's assets pursuant to Section 6.2 10.01 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amountsamounts other than as required by the Delaware Act. No Member shall have the right to require partition of the Company’s 's property or to compel any sale or appraisal of the Company’s 's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Clarion Value Fund Master LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the CompanyPortfolio, nor shall any Member be entitled to the return of any capital of the Company Portfolio except (i) upon the repurchase by the Company Portfolio of a part or all of such Member’s 's Interest pursuant to Section 4.6 hereof or (ii) upon the liquidation of the Company’s Portfolio's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s Portfolio's property or to compel any sale or appraisal of the Company’s Portfolio's assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Growth Capital Portfolio, LLC)

RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any his contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company of a part or all of such Member’s Interest pursuant to Section 4.6 hereof, (ii) pursuant to the provisions of Section 5.7(c) hereof or (iiiii) upon the liquidation of the Company’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Company’s property or to compel any sale or appraisal of the Company’s assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.)

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