Withdrawals from Capital Accounts. No Member shall be entitled to receive interest on or to withdraw any amount from such Member’s Capital Account other than as expressly provided herein.
Withdrawals from Capital Accounts. (a) Except as provided in §6.2 below, a Limited Partner may withdraw any or all of his Capital Account as of a Withdrawal Date, by giving prior written notice (the “Withdrawal Notice”) as more fully described in the Memorandum. Withdrawals may also be subject to withdrawal fees as more fully described in the Memorandum.
(b) A withdrawing Limited Partner will be entitled to receive an amount equal to the lesser of the amount set forth in his Withdrawal Notice or his Closing Capital Account for the Accounting Period in which the withdrawal is effective, subject to any withdrawal fees and withdrawal restrictions more fully described in the Memorandum. Except to the extent provided elsewhere herein and the Memorandum, the Fund will to the extent practicable distribute the amount withdrawn pursuant to this §6.1 within any time limitations set forth in the Memorandum. The General Partner has discretion to pay withdrawal proceeds in marketable securities rather than cash.
Withdrawals from Capital Accounts. No Member may withdraw all or any portion of his capital contribution to the Company except (1) upon termination of the Company, or (2) upon the prior written consent of Members representing seventy-five percent (75%) or more of all outstanding Percentage Interests (“Supermajority Interest”).
Withdrawals from Capital Accounts. Subject to the other provisions of this Agreement and in compliance with applicable laws, a Member of a Series may withdraw some or all amounts from its Capital Account relating to a Series as of the close of business on any Business Day (each, a “Withdrawal Date”) with one Business Day’s prior written notice to the Manager. To be deemed to be given on a Business Day, notice must be received by the Manager no later than 4:00 pm Eastern Time on the preceding Business Day. “Business Day” means a day other than Saturday, Sunday or other day when banks and/or securities exchanges in the City of New York or the City of Wilmington are authorized or obligated by law or executive order to close.
Withdrawals from Capital Accounts. No Member shall, except as provided in Section 6.5 below, have the right to withdraw any amount from its Capital Account without the consent of both the Manager and a Majority Interest of the Members other than the withdrawing Member.
Withdrawals from Capital Accounts. No Partner shall be entitled to receive interest on or to withdraw any amount from such Partner's Capital Account other than as expressly provided herein.
Withdrawals from Capital Accounts. If a Member's Interest is liquidated by the Company pursuant to Section 4.4C and the Member receives less than the amount of the balance in his or her Capital Account, then the excess of (i) the balance in his or her Capital Account over (ii) the amount distributed by the Company shall be allocated among all the remaining Members in proportion to their Capital Account balances. This provision shall be applied so as to maintain equality between the Capital Accounts of the Members and the amount of Company capital reflected on the Company's balance sheet, as computed for book purposes, in accordance with Regulations Section 1.704- 1(b)(2)(iv)(q). Further, notwithstanding Section 6.1, if a Member's Interest is purchased by the Manager pursuant to Paragraph 3.6(c) and the purchase price is less than the balance of the Capital Account of the Member, then (i) the excess of (x) the balance in the Member's Capital Account over (y) the amount paid by the Manager shall be allocated among all the remaining Members in proportion to their Capital Account balances and (ii) the Manager (and any assignee of the Manager) shall have a Capital Account balance with respect to the purchased interest in the Company equal to the purchase price paid by the Manager.
Withdrawals from Capital Accounts. Subject to the other provisions of this Agreement and in compliance with applicable laws, a Member of a Series may withdraw some or all amounts from its Capital Account relating to a Series as of the close of business on any Business Day (each, a “Withdrawal Date”) with one Business Day’s prior written notice to the Manager. To be deemed to be given on a Business Day, notice must be
Withdrawals from Capital Accounts. Section 8.01
Withdrawals from Capital Accounts. Unitholders may not withdraw any amount from their Company Capital Accounts, except to the extent of Distributions made in accordance with this Agreement.
