Common use of Withdrawal or Reduction of Capital Contributions Clause in Contracts

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the Members, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 8 contracts

Samples: Limited Liability Company Agreement, Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)

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Withdrawal or Reduction of Capital Contributions. A (a) The Member shall not receive from out of the Company Company’s property any portion part of a its Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, Company have been paid or there remains property of the Company, in the sole discretion of the Members, Company sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only liabilities. (b) The Member shall not have the right to demand and withdraw all or any part of its Capital Contribution or to receive cash in any return for such on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, the Member shall not have the right to receive property other than cash.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC), Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC)

Withdrawal or Reduction of Capital Contributions. A (a) No Member shall not receive from out of the Company Company’s property any portion part of a its Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, Company have been paid or there remains property of the Company, in the sole discretion of the Members, Company sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only liabilities. (b) No Member shall have the right to demand and withdraw all or any part of its Capital Contribution or to receive cash in any return for such on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, no Member shall have the right to receive property other than cash.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Corpus Christi Holdings, LLC), Limited Liability Company Agreement (Cheniere Corpus Christi Holdings, LLC)

Withdrawal or Reduction of Capital Contributions. A Member shall may not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have has been paid or there remains property of the Company, in the sole discretion of the Membersa Member, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Rex Energy Corp), Operating Agreement (Rex Energy Corp)

Withdrawal or Reduction of Capital Contributions. A Member shall ------------------------------------------------ not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the Members, Company sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 4 contracts

Samples: Operating Agreement (Mediacom LLC), Operating Agreement (Mediacom LLC), Operating Agreement (Mediacom LLC)

Withdrawal or Reduction of Capital Contributions. A The Member shall not receive from out of the Company Company’s property any portion part of a its Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, Company have been paid or there remains property of the Company, in the sole discretion of the Members, Company sufficient to pay themsuch liabilities. A MemberExcept as may be otherwise specifically provided in this Agreement, irrespective of the nature of the Capital Contribution of such Member, has only Member shall have the right to demand and receive cash in return for such withdraw all or any part of its Capital Contribution.

Appears in 2 contracts

Samples: Operating Agreement (Western Wisconsin Sand Company, LLC), Operating Agreement (Western Wisconsin Sand Company, LLC)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the MembersManagers, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 2 contracts

Samples: Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the Members, Company sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Insight Communications Co Inc)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole reasonable discretion of the MembersManagers, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Victory Entertainment Corp)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, Contributions have been paid or there remains property of the Company, in the sole discretion of the Managing Members, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the Required Members, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)

Withdrawal or Reduction of Capital Contributions. A (a) No Member shall not receive from out of the Company Company’s property any portion part of a its Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, Company have been paid or there remains property of the Company, in the sole discretion of the Members, Company sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only liabilities. (b) No Member shall have the right to demand and withdraw all or any part of its Capital Contribution or to receive cash in any return for such on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, the Members shall not have the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and liabilities of the Company, (except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions), have been paid or there remains property of the Company, in the sole discretion of the MembersManagers, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (NaturalNano , Inc.)

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Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of a majority in interest of the Members, Members sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Amscan Holdings Inc)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a his Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, liabilities and obligations owing to Members on account of their Capital Contributions, have been paid or there remains property Property of the Company, in the sole discretion of the Members, sufficient to pay them. A Member, irrespective of the nature of No distributions shall be made from the Capital Contribution Contributions of such Member, has only a Member without the right to demand and receive cash consent of Members owning a Majority in return for such Capital ContributionInterest.

Appears in 1 contract

Samples: Operating Agreement (MPM Silicones, LLC)

Withdrawal or Reduction of Capital Contributions. A Member shall not ------------------------------------------------ receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the Members, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Project Orange Capital Corp)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the MembersManagers, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.. ARTICLE VII

Appears in 1 contract

Samples: Operating Agreement

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the MembersManager, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Mediacom LLC)

Withdrawal or Reduction of Capital Contributions. A Member shall not receive from the Company any portion of a Capital Contribution until all indebtedness and indebtedness, liabilities of the Company, except any indebtedness, liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of a majority in interest of the Members, sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only the right to demand and receive cash in return for such Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Am-Source, LLC)

Withdrawal or Reduction of Capital Contributions. (a) A Member shall not receive from out of the Company Company’s property any portion part of a its Capital Contribution until all indebtedness and liabilities of the Company, except any indebtedness, the liabilities and obligations to Members on account of their Capital Contributions, have been paid or there remains property of the Company, in the sole discretion of the Members, Company sufficient to pay them. A Member, irrespective of the nature of the Capital Contribution of such Member, has only liabilities. (b) No Member shall have the right to demand and receive cash withdraw all or any part of its Capital Contribution except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return for such of any Capital Contribution, no Member shall have the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Liability Company Agreement (First Cash, Ltd.)

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