Common use of Withdrawal; Return of Capital Clause in Contracts

Withdrawal; Return of Capital. Except as specifically provided herein, no Member shall be entitled to any distributions from the Company or to withdraw any part of such Member’s Capital Contribution prior to the Company’s dissolution and liquidation or, when such withdrawal of capital is permitted, to demand distribution of property other than money. No Member shall be entitled to interest on its Capital Contribution.

Appears in 3 contracts

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

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Withdrawal; Return of Capital. Except as specifically provided herein, no the Member shall not be entitled to any distributions from the Company or to withdraw any part of such the Member’s Capital Contribution prior to the Company’s dissolution and liquidation or, when such withdrawal of capital is permitted, to demand distribution of property other than money. No The Member shall not be entitled to interest on its Capital Contribution.

Appears in 3 contracts

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

Withdrawal; Return of Capital. Except as specifically provided hereinin this Agreement, no Member shall be entitled to any distributions from the Company or to withdraw any part of such Member’s Capital Contribution Contributions prior to the Company’s dissolution and liquidation orliquidation, or when such withdrawal of capital is permitted, to demand distribution of property other than money. No Member shall be entitled to interest on its Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (2420 Lakemont Avenue MM, LLC)

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Withdrawal; Return of Capital. Except as specifically provided herein, no the Member shall not be entitled to any distributions from the Company or to withdraw any part of such the Member’s Capital Contribution prior to the Company’s dissolution and liquidation or, when such withdrawal of capital is permitted, to demand distribution of property other than money. No : The Member shall not be entitled to interest on its Capital Contribution.

Appears in 1 contract

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

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