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

Withdrawal or Reduction of Members’ Capital Contributions. (a) No Member has the right to withdraw all or any part of the Member’s Capital Contribution or to receive any return on any portion of the Member’s Capital Contribution, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, no Member has the right to receive property other than cash.

Appears in 8 contracts

Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)

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Withdrawal or Reduction of Members’ Capital Contributions. (a) No Member has shall have the right to withdraw all or any part of the Member’s its Capital Contribution or to receive any return on any portion of the Member’s its Capital Contribution, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, no Member has shall have the right to receive require distribution of property other than cash.

Appears in 1 contract

Samples: Operating Agreement (Ryan's Restaurant Leasing Company, LLC)

Withdrawal or Reduction of Members’ Capital Contributions. (a) No Member has shall have the right to withdraw all or any part of the Member’s its Capital Contribution or to receive any return on any portion of the Member’s its Capital Contribution, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, no Member has shall have the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Greyhound Funding LLC)

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Withdrawal or Reduction of Members’ Capital Contributions. (a) No a)No Member has the right to withdraw all or any part of the Member’s Capital Contribution or to receive any return on any portion of the Member’s Capital Contribution, except as may be otherwise specifically provided in this Agreement. Under circumstances involving a return of any Capital Contribution, no Member has the right to receive property other than cash.

Appears in 1 contract

Samples: Operating Agreement (Granite Falls Energy, LLC)

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