Common use of Withdrawals; Return on Capital Clause in Contracts

Withdrawals; Return on Capital. No Member shall be entitled to withdraw or otherwise receive any distributions in respect of any Capital, except (a) in the case of Common Interests, as provided in Section 6.02 or Section 8.03 or as approved by the Lazard Board or (b) in the case of Profit Participation Interests, as provided in Section 6.01 or Section 8.03. The Members shall not be entitled to any return on their Capital.

Appears in 2 contracts

Samples: Operating Agreement (Lazard LTD), Operating Agreement (Lazard Group LLC)

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Withdrawals; Return on Capital. No Member shall be entitled to withdraw or otherwise receive any distributions in respect of any Capital, except (a) in the case of Common Interests, as provided in Section 6.02 or Section 8.03 or as approved by the Lazard Board Board, or (b) in the case of Profit Participation Interests, as provided in Section 6.01 or Section 8.03. The Members shall not be entitled to any return on their Capital.

Appears in 2 contracts

Samples: Operating Agreement (Lazard LTD), Operating Agreement (Lazard LTD)

Withdrawals; Return on Capital. No Member shall be entitled to withdraw or otherwise receive any distributions in respect of any Capital, except (a) in the case of Common Interests, as provided in Section 6.02 or Section 8.03 or as approved by the Lazard Board Board, or (b) in the case of Profit Participation Interests, as provided in Section 6.01 or Section 8.03. The Members shall not be entitled to any return on their Capital.Section

Appears in 1 contract

Samples: Operating Agreement

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Withdrawals; Return on Capital. No Member shall be entitled to withdraw or otherwise receive any distributions in respect of any Capital, except (a) in the case of Common Interests, as provided in Section 6.02 or Section 8.03 or as approved by the Lazard Board Board, or (b) in the case of Profit Participation Interests, as provided in Section 6.01 or Section 8.036.01. The Members shall not be entitled to any return on their Capital.

Appears in 1 contract

Samples: Operating Agreement (Lazard LTD)

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