Common use of Status of Capital Contributions Clause in Contracts

Status of Capital Contributions. Except as provided in this Agreement, no Member shall be entitled to the return of its Capital Contributions. No return of a Member'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 Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cingular Wireless LLC)

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Status of Capital Contributions. 1. Except as otherwise provided in this Agreement, no Member the amount of a Member's Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of all of the Members. Any such returns of Capital Contributions shall be entitled made to all Members in proportion to the return of its Capital ContributionsPercentage Interests. No Notwithstanding the foregoing, no return of a Member'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 Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Status of Capital Contributions. (a) Except as otherwise provided in this Agreement, no Member the amount of a Member's Capital Contributions may be returned to it, in whole or in part, at any time, but only with the approval of the Board. Any such returns of Capital Contributions shall be entitled made to the return of its Capital ContributionsMembers in equal amounts. No Notwithstanding the foregoing, no return of a Member'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 Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Commodore Applied Technologies Inc)

Status of Capital Contributions. (a) Except as otherwise expressly provided or permitted in this Agreement, no Member shall be entitled have any right to the return of its such Member’s Capital ContributionsContribution, or any other amounts or capital from the Company, nor shall any Member have any right to receive any property from the Company other than cash, except as otherwise provided in this Agreement. No Further, no return of a Member's ’s Capital Contributions shall will be made hereunder if such distribution would violate applicable state law. Under circumstances requiring a return of any Capital ContributionContributions, no Member shall will have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Amneal Pharmaceuticals, Inc.)

Status of Capital Contributions. (a) Except as otherwise provided in this Agreement, no Member the amount of a Member's Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of the Managing Member. Any such returns of Capital Contributions shall be entitled made to the return of its Capital Contributions. No all Members in proportion to their Percentage Interests; provided, however, that no return of a Member'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 Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement. A Member shall not be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company except as specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability (Simon Arnold H)

Status of Capital Contributions. 4.3.1 Except as otherwise provided in this Agreement, no Member the amount of a Member's Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of all of the Members. Any such returns of Capital Contributions shall be entitled made to all Members in proportion to the return of its Capital ContributionsPercentage Interests. No Notwithstanding the foregoing, no return of a Member'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 Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centennial Cellular Operating Co LLC)

Status of Capital Contributions. (a) Except as otherwise provided in this Agreement, no Member shall be entitled to the demand or receive a return of its Capital Contributions. No Contribution and no return of a Member's Capital Contributions Contribution shall be made hereunder if such distribution would violate applicable state law. Under circumstances requiring a return of any Capital Contribution, no Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Motient Corp)

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Status of Capital Contributions. (a) Except as otherwise provided in this Agreement, no Member the amount of a Member's Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of the Board of Managers. Other than as provided in Section 7.1, any such returns of Capital Contributions shall be entitled made to the return of its all Members in proportion to their Unreturned Capital Contributions. No Notwithstanding the foregoing, no return of a Member'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 Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Northstar Capital Investment Corp /Md/)

Status of Capital Contributions. (i) Except as provided in otherwise provide din this Agreement, no Member the amount of a Member’s Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of the Managing Member. Any such returns of Capital Contributions shall be entitled made to all Members in the return of its Capital Contributionssame proportions as distributions and allocations are made. No Notwithstanding the foregoing, no return of a Member'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 Member shall have the right to demand or receive receipt property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (New Gaming Capital Partnership)

Status of Capital Contributions. (i) Except as otherwise provided in this Agreement, no Member the amount of a Member's Capital Contributions may be returned to it, in whole or in part, at any time, but only with the consent of the Managing Member. Any such returns of Capital Contributions shall be entitled made to all Members in the return of its Capital Contributionssame proportions as distributions and allocations are made. No Notwithstanding the foregoing, no return of a Member'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 Member shall have the right to demand or receive property other than cash, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: American Medical Providers Inc

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