Withdrawal or Reduction of Members’ Contributions to Capital. A Member shall not receive out of the Company's property any part of its Capital 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. A Member, irrespective of the nature of its Capital Contribution, has only the right to demand and receive cash in return for its Capital Contribution.
Appears in 2 contracts
Samples: Operating Agreement (United Auto Group Inc), Operating Agreement (Uag Mentor Acquisition LLC)
Withdrawal or Reduction of Members’ Contributions to Capital. A Member shall not receive out of the Company's ’s property any part of its Capital 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. A Member, irrespective of the nature of its Capital Contribution, has only the right to demand and receive cash in return for its Capital Contribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Operating Agreement (New Gaming Capital Partnership)
Withdrawal or Reduction of Members’ Contributions to Capital. (a) A Member shall not receive out of the Company's property any part of its Capital Contribution contributions to capital until all liabilities of the Company, except liabilities to Members on account of their Capital Contributionscontributions to capital, have been paid or there remains property of the Company sufficient to pay them. A Member, irrespective of the nature of its Capital Contribution, has only the right to demand and receive cash in return for its Capital Contribution.
Appears in 1 contract
Withdrawal or Reduction of Members’ Contributions to Capital. A Member shall not receive out of the Company's property any part of its Capital Contribution until all liabilities of the Company, except liabilities to Members on account of their Capital Contributions, have been paid or and there remains property of the Company sufficient to pay them. A Member, irrespective of the nature of its Capital Contribution, has only the right to demand and receive cash in return for its Capital Contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Emeritus Corp\wa\)
Withdrawal or Reduction of Members’ Contributions to Capital. (a) A Member shall not receive out of the Company's property Company Property any part of its Capital Contribution contributions to capital until all liabilities of the Company, except liabilities to Members on account of their Capital Contributionscontributions to capital, have been paid or there remains property of the Company sufficient to pay them. A Member, irrespective of the nature of its Capital Contribution, has only the right to demand and receive cash in return for its Capital Contribution.
Appears in 1 contract
Samples: Operating Agreement (PMR Corp)
