Common use of Withdrawal of Capital Clause in Contracts

Withdrawal of Capital. (a) No Member shall be entitled to withdraw any part of its Capital Contributions or to receive any distribution from the Company, except as expressly provided herein. Under circumstances requiring the return of any Capital Contribution, no Member shall have the right to demand or receive property other than cash, except as expressly provided herein. No Member shall have the right to cause the sale of any Company asset, except as expressly provided herein. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company or otherwise in its capacity as a Member.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (PF2 SpinCo, Inc.), Limited Liability Company Agreement (Change Healthcare Inc.), Merger Agreement (Change Healthcare Inc.)

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Withdrawal of Capital. (a) No Member shall be entitled to withdraw any part of its Capital Contributions or to receive any distribution from the Company, except as expressly provided herein. Under circumstances requiring the return of any Capital Contribution, no Member shall have the right to demand or receive property other than cash, except as expressly provided herein. No Member shall have the right to cause the sale of any Company asset, except as expressly provided herein. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company or otherwise in its capacity as a Member.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Contribution Agreement (Baker Hughes Inc), Limited Liability Company Agreement (Comcast Corp)

Withdrawal of Capital. (a) No Member shall be entitled to withdraw any part of its Capital Contributions or such Member's capital contributions to receive any distribution from the Company, except as expressly provided hereinin Sections 7 and 9. Under circumstances requiring the return of any Capital Contribution, no No Member shall have the right be entitled to demand or receive any property from the Company other than cash, except as otherwise expressly provided for herein. No Member shall have the right to cause the sale of any Company asset, except as expressly provided herein. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company or otherwise in its capacity as a Member.

Appears in 3 contracts

Samples: Operating Agreement (Atria Communities Inc), Operating Agreement (Atria Communities Inc), Operating Agreement (Atria Communities Inc)

Withdrawal of Capital. (a) No Member shall be entitled to withdraw any part of its Capital Contributions capital contributions or to receive any distribution from the Company, except as expressly provided herein. Under circumstances requiring the return of any Capital Contributioncapital contribution, no Member shall have the right to demand or receive property other than cash, except as expressly provided herein. No Member shall have the right to cause the sale of any Company asset, except as expressly provided herein. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions capital contributions or its Capital Account or for services rendered on behalf of the Company or otherwise in its capacity as a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Comcast Corp)

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Withdrawal of Capital. (a) No Member shall be entitled to withdraw any part of its Capital Contributions or to receive any distribution from the Company, except as expressly provided herein. Under circumstances requiring the return of any Capital Contribution, no Member shall have the right to demand or receive property other than cash, except as expressly provided herein. No Member shall have the right to cause the sale of any Company asset, except as expressly provided herein. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company or otherwise in its capacity as a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (At&t Inc.)

Withdrawal of Capital. (a) No Except as expressly provided herein, no Member shall be entitled to withdraw any part of its Capital Contributions or to receive any distribution from the Company, except as expressly provided herein. Under circumstances requiring the return of any Capital Contribution, no Member shall have the right to demand or receive property other than cash, except as expressly provided herein. No Member shall have the right to cause the sale of any Company asset, except as expressly otherwise provided hereinin this Agreement. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions or its Capital Account (as defined below) or for services rendered on behalf of the Company or otherwise in its capacity as a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Japan Bank for International Cooperation)

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