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

Withdrawal or Reduction of Capital Contributions. No Member shall have the right to withdraw all or any part of its Capital Contribution or Capital Account or to receive any return on any portion of its Capital Contribution or Capital Account, 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 4 contracts

Samples: Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.)

AutoNDA by SimpleDocs

Withdrawal or Reduction of Capital Contributions. No Member The Members shall not have the right to withdraw all or any part of its their Capital Contribution or Capital Account Contributions or to receive any return on any portion of its their Capital Contribution or Capital AccountContributions, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, no Member the Members shall not have the right to receive property other than cash. The Members shall not receive out of the Company’s property any part of their Capital Contributions until all liabilities of the Company have been paid or there remains property of the Company sufficient to pay such liabilities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ensource Energy Income Fund LP)

Withdrawal or Reduction of Capital Contributions. No Member shall have the right to withdraw all or any part of its Capital Contribution or Capital Account or to receive any return on any portion of its Capital Contribution or Capital AccountContribution, except as may be otherwise specifically provided in this Agreement. Under the circumstances involving a return of any Capital ContributionContributions, no Member shall have the right to receive any property other than cash. Except as may be otherwise specifically provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or distributions; provided, however, this subsection shall not apply to loan (as distinguished from Capital Contributions) that a Member has made to the Company.

Appears in 1 contract

Samples: s3.amazonaws.com

AutoNDA by SimpleDocs

Withdrawal or Reduction of Capital Contributions. (a) No Member shall have the right to withdraw all or any part of its his Capital Contribution or Capital Account or to receive any return on any portion of its his Capital Contribution or Capital AccountContribution, 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 1 contract

Samples: Company Agreement (NGL Supply Terminal Company, LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!