Withdrawal and Return of Capital. No Member shall withdraw any of its capital without the consent of the other Members, except upon the dissolution or liquidation of the Company to the extent provided in this Agreement. Under circumstances requiring or permitting a return of any Capital Contribution, no Member shall have the right to receive property other than cash except as may be specifically provided in Section 11.2(d).
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Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Norfolk Southern Corp)
Withdrawal and Return of Capital. No Member shall withdraw any of its capital without the consent of the other Members, except upon the dissolution or liquidation of the Company to the extent Except as otherwise expressly provided in this Agreement. Under circumstances requiring or permitting a return of any Capital Contributionherein, no Member shall have the right to withdraw capital from the Company or to receive property other than cash except as may be specifically provided in Section 11.2(d)any distribution of or return on such Member’s Capital Contributions.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Withdrawal and Return of Capital. No Member shall withdraw any of its capital without the consent of the other Members, except upon the dissolution or liquidation of the Company to the extent Except as expressly provided in this Agreement. Under circumstances requiring or permitting a return of any Capital Contribution, no Member shall have the right be entitled to withdraw any part of such Member's capital contribution or capital account, or to receive property other than cash except as may be specifically provided in Section 11.2(d)any distribution from the Company.
Appears in 1 contract
Withdrawal and Return of Capital. No Member shall withdraw any of its capital without the consent of the other Members, except upon the dissolution or liquidation of the Company to the extent provided in this Agreement. Under circumstances requiring or permitting a return of any Capital Contribution, no Member shall have the right to receive property other than cash withdraw or to demand a return of any of its Capital Contribution, and except as may be specifically provided upon dissolution and winding up of the Company in accordance with the terms of Section 11.2(d)9.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ace Hardware Corp)
Withdrawal and Return of Capital. No Except upon dissolution of the Company (subject to the provisions of Section 11 hereof), no Member shall may withdraw any of its capital from the Company without the consent of the other Manager or, if the Member proposing to withdraw capital is the Manager, without the consent of a Majority in Interest of Investing Members, except upon the dissolution or liquidation of the Company to the extent provided in this Agreement. Under circumstances requiring or permitting causing a return of any a Capital Contribution, no Member shall have the right to receive property other than cash cash, except as may otherwise be specifically provided in Section 11.2(d)herein, nor to be paid interest on such contributions with respect to the period held by the Company.
Appears in 1 contract
Samples: Operating Agreement
Withdrawal and Return of Capital. No Member shall withdraw any of its capital without the consent of the other Members, except upon the dissolution or liquidation of the Company to the extent Except as expressly provided in this Agreement. Under circumstances requiring or permitting a return , including Section 8.1 with respect to distributions of any Capital ContributionNet Cash Flow and Section 8.2 with respect to distributions of other property, no Member shall have the right be entitled to withdraw any part of such Member’s Capital Contribution or Capital Account, if any, or to receive property other than cash except as may be specifically provided in Section 11.2(d)any distribution from the Company.
Appears in 1 contract
Samples: Operating Agreement (Sunwin International Neutraceuticals, Inc.)