Common use of Specific Limitations Clause in Contracts

Specific Limitations. No Member shall have the right or power to: (a) withdraw or reduce such Member’s Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law or in this Agreement; (b) make voluntary Capital Contributions or to contribute any property to the Company other than cash; (c) bring an action for partition against the Company or any Company assets; (d) cause the termination and dissolution of the Company, except as set forth in this Agreement; or (e) upon the Distribution of its Capital Contribution require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives any such rights.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Leucadia National Corp), Membership Interest Purchase Agreement (National Beef Packing Co LLC), Limited Liability Company Agreement (National Beef, Inc.)

AutoNDA by SimpleDocs

Specific Limitations. No Member shall have the right or power to: (a) withdraw or reduce such Member’s Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law or in this Agreement; , (b) make voluntary Capital Contributions or to contribute any property to the Company other than cash; , (c) bring an action for partition against the Company or any Company assets; , (d) cause the termination and dissolution of the Company, except as set forth in this Agreement; , or (e) upon the Distribution of its Capital Contribution require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives any such rights.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Wayfair Inc.), Limited Liability Company Operating Agreement (Wayfair Inc.)

Specific Limitations. No Member shall have the right or power to: (a) withdraw or reduce such Member’s Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law or in this Agreement; (b) make voluntary Capital Contributions or to contribute any property to the Company other than cash; (c) bring an action for partition against the Company or any Company assets; (d) cause the termination and dissolution of the Company, except as expressly set forth in this Agreement; or (e) upon the Distribution of its Capital Contribution Contribution, require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives any such rights.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Jefferies Financial Group Inc.), Purchase and Sale Agreement (Leucadia National Corp)

Specific Limitations. No Member shall will have the right or power to: (a) withdraw or reduce such Member’s its Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law the Act or in this Agreement; , (b) make voluntary Capital Contributions or to contribute any property to the Company other than cash; Contributions, (c) bring an action for partition against the Company Company, the Properties or any Company assets; , (d) cause the termination and dissolution of the Company, except as set forth in this Agreement; Agreement or as required by the Act, or (e) upon the Distribution of its Capital Contribution require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives upon any such rightsDistribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Gryphon Gold Corp)

Specific Limitations. No Member shall have the right or power to: (a) withdraw or reduce such Member’s Capital Contribution capital contribution except as a result of the dissolution of the Company or as otherwise provided by law or in this Agreement; , (b) make voluntary Capital Contributions capital contributions or to contribute any property to the Company other than cash; , (c) bring an action for partition against the Company or any Company assets; , (d) cause the dissolution or termination and dissolution of the Company, except as expressly set forth in this Agreement; , or (e) upon the Distribution of its Capital Contribution capital contribution require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives any such rightscapital contribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (New York REIT, Inc.)

AutoNDA by SimpleDocs

Specific Limitations. No Member shall have the right or power to: (a) withdraw or reduce such Member’s Capital Contribution its capital contribution except as a result of the dissolution of the Company or as otherwise provided by law or the Act in this Agreement; , (b) make voluntary Capital Contributions capital contributions or to contribute any property to the Company other than cash; , (c) bring an action for partition against the Company or any Company assets; , (d) cause the termination and dissolution of the Company, except as set forth in this Agreement; Agreement or as required by the Act, or (e) upon the Distribution of its Capital Contribution require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives upon any such rightsDistribution, including any liquidating Distribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Norcraft Companies Lp)

Specific Limitations. No Member shall have the right or power to: (a) withdraw or reduce such Member’s 's Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law or in this Agreement; (b) make voluntary Capital Contributions or to contribute any property to the Company other than cash; (c) bring an action for partition against the Company or any Company assets; (d) cause the termination and dissolution of the Company, except as expressly set forth in this Agreement; or (e) upon the Distribution of its Capital Contribution Contribution, require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives any such rights.

Appears in 1 contract

Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC)

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