Status of Capital Contributions. (i) Except as otherwise provided in this Agreement, the amount of a Unit Holder's Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of all Members. Any such returns of Capital Contributions shall be made to all Unit Holders in proportion to the number of Units then held by each Unit Holder. Notwithstanding the foregoing, no return of a Unit Holder's Capital Contributions shall be made hereunder if such distribution would violate applicable state law. Under circumstances requiring a return of any Capital Contribution, no Unit Holder shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.
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Samples: Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
Status of Capital Contributions. (i) Except as otherwise provided in this Agreement, the amount of a Unit Holder's ’s Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of all Members. Any such returns of Capital Contributions shall be made to all Unit Holders in proportion to the number of Units then held by each Unit Holder. Notwithstanding the foregoing, no return of a Unit Holder's ’s Capital Contributions shall be made hereunder if such distribution would violate applicable state law. Under circumstances requiring a return of any Capital Contribution, no Unit Holder shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company (Wells Fargo Finance LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
Status of Capital Contributions. (ia) Except as otherwise provided in this Agreement, the amount of a Unit Holder's ’s Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of all Members. Any such returns of Capital Contributions shall be made to all Unit Holders in proportion to the number of Units then held by each Unit Holder. Notwithstanding the foregoing, no return of a Unit Holder's ’s Capital Contributions shall be made hereunder if such distribution would violate applicable state law. Under circumstances requiring a return of any Capital Contribution, no Unit Holder shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.
Appears in 2 contracts
Samples: Computer Access Agreement (Community First Bankshares Inc), Computer Access Agreement (Community First Bankshares Inc)
Status of Capital Contributions. (ia) Except as otherwise provided in this Agreement, the amount of a Unit Holder's Capital Contributions ’s contributions to the Partnership may be returned to it, in whole or in part, at any time, but only with the consent of all Membersboth the General Partner (or a majority in interest of the General Partners, if there shall be more than one) and a majority in interest of the Limited Partners. Any such returns of Capital Contributions the Unit Holders’ contributions to the Partnership shall be made to all Unit Holders in proportion to the number of Units then held by each Unit Holder. Notwithstanding the foregoing, no return of a Unit Holder's Capital Contributions ’s contributions to the Partnership shall be made hereunder if such distribution would violate applicable state law. Under circumstances requiring a return of any Capital Contributioncontributions to the Partnership, no Unit Holder shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.
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Status of Capital Contributions. (ia) Except as otherwise provided in this Agreement, the amount of a A Unit Holder's Capital Contributions may be returned to it, in whole or in part, at any time, but only (i) with the consent of all MembersMembers or (ii) pursuant to a dissolution of the Company in accordance with Section 11.7. Any such returns of Capital Contributions shall be made to all Unit Holders in proportion to the number of Units then held by each Unit Holder. No Member shall have priority over any other Member either as to the return of its Capital Contribution or as to profits or distributions except as specifically set forth in this Agreement. Notwithstanding the foregoing, no return of a Unit Holder's Capital Contributions shall be made hereunder if such distribution would violate applicable state law. Under circumstances requiring a return of any Capital Contribution, no Unit Holder shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.
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