Withdrawal or Reduction of Members’ Capital Contributions. (a) A Member shall not be entitled to withdraw any part of his Capital Contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement. (b) A Member shall not receive out of the Company’s property any part of his Capital Contributions until all liabilities of the Company, except liabilities to Members on account of their Capital Contributions, have been paid or there remains property of the Company sufficient to pay them. (c) A Member, irrespective of the nature of his Capital Contribution, has only the right to demand and receive cash in return for his Capital Contribution.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC), Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC), Limited Liability Company Agreement (Lyondell Refining LP, LLC)
Withdrawal or Reduction of Members’ Capital Contributions. (a) A Member shall not be entitled to withdraw any part of his its Capital Contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement.
(b) A Member shall not receive out of the Company’s property any part of his its Capital Contributions until all liabilities of the Company, except liabilities to Members on account of their its Capital Contributions, have been paid or there remains property of the Company sufficient to pay them.
(c) A Member, irrespective of the nature of his its Capital Contribution, has only the right to demand and receive cash in return for his its Capital Contribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC), Limited Liability Company Agreement (Lyondell Refining LP, LLC), Limited Liability Company Agreement (Lyondell Refining LP, LLC)
Withdrawal or Reduction of Members’ Capital Contributions. (a) A Member shall not be entitled to withdraw any part of his Capital Contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement.
(b) A Member shall not receive out of the Company’s 's property any part of his Capital Contributions until all liabilities of the Company, except liabilities to Members on account of their Capital Contributions, have been paid or there remains property of the Company sufficient to pay them.
(c) A Member, irrespective of the nature of his Capital Contribution, has only the right to demand and receive cash in return for his Capital Contribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC), Limited Liability Company Agreement (Reliant Energy Services Inc)
Withdrawal or Reduction of Members’ Capital Contributions. (a) A Member shall not be entitled to withdraw any part of his its Capital Contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement.
(b) A Member shall not receive out of the Company’s 's property any part of his its Capital Contributions until all liabilities of the Company, except liabilities to Members on account of their Capital Contributions, have been paid or there remains property of the Company sufficient to pay them.
(c) A Member, irrespective of the nature of his its Capital Contribution, has only the shall have no right to demand and receive anything other than cash in upon any return of its Capital Contribution provided for his Capital Contributionby this Agreement.
Appears in 1 contract
Withdrawal or Reduction of Members’ Capital Contributions. (a) A Member shall not be entitled to withdraw any part of his Capital Contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement.
(b) A Except as otherwise provided in this Agreement, a Member shall not receive out of the Company’s property or other assets any part of his Capital Contributions until all liabilities of the Company, except liabilities to Members on account of their Capital Contributions, have been paid or there remains property or other assets of the Company sufficient to pay themall such liabilities.
(c) A Member, irrespective of the nature of his its Capital Contribution, has only the right to demand and receive cash in return for his Capital Contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Centerpoint Energy Houston Electric LLC)
Withdrawal or Reduction of Members’ Capital Contributions. (a) A Member shall not be entitled to withdraw any part of his Capital Contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement.
(b) A Member shall not receive out of the Company’s 's property any part of his such Member's Capital Contributions Contribution until all liabilities of the Company, except liabilities to Members on account of their Capital Contributions, have been paid or there remains property of the Company sufficient to pay them.
(cb) A Member, irrespective of the nature of his such Member's Capital Contribution, has only the right to demand and receive cash in return for his such Capital Contribution.
Appears in 1 contract
