Common use of Withdrawal and Return of Capital Clause in Contracts

Withdrawal and Return of Capital. Although the Company may make distributions to the Members from time to time in return of their Capital Contributions, the Members shall not have the right to withdraw or demand a return of any of their Capital Contributions or Capital Account without the consent of all Members except upon dissolution or liquidation of the Company.

Appears in 17 contracts

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P)

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Withdrawal and Return of Capital. Although the Company may make distributions to the Members from time to time in return of their Capital Contributions, the Members no Member shall not have the right to withdraw or demand a return of all or any portion of their his Capital Contributions Contribution or Capital Account without Account, except (a) upon the consent of all Members except upon dissolution or dissolution, liquidation and/or winding up of the Companybusiness and affairs of the Company in accordance with Section 8.02, and (b) upon the withdrawal of a Member in accordance with Section 7.02.

Appears in 1 contract

Samples: Agreement to Conduct Mortgage Banking Business (Madison Bancshares Group LTD)

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