Common use of Capital Withdrawal Rights, Interest and Priority Clause in Contracts

Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member's Capital Account or to receive any distributions from the Company, other than distributions as provided in Article XIV hereof. Except as provided in Article XIV, no Member shall be entitled to receive or be credited with any interest on the balance in such Member's Capital Account at any time. No Member shall have any priority over any other Member as to the return of the balance in such Member's Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Land O Lakes Inc), Operating Agreement (Land O Lakes Inc)

AutoNDA by SimpleDocs

Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member's ’s Capital Account or to receive any distributions from the Company, other than distributions except as provided in Article XIV hereofArticles IV and IX. Except as provided in Article XIV, no No Member shall be entitled to receive or be credited with any interest on the balance in such Member's ’s Capital Account at any time. No Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the return of the balance in such Member's ’s Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CHS Inc), Put Through Agreement (CHS Inc)

Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member's Capital Account or to receive any distributions from the Company, other than distributions except as provided in Article XIV hereofArticles IV and IX. Except as provided in Article XIV, no No Member shall be entitled to receive or be credited with any interest on the balance in such Member's Capital Account at any time. No Except as may be otherwise expressly provided herein, no Member shall have any priority over any other Member as to the return of the balance in such Member's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cenex Harvest States Cooperatives)

AutoNDA by SimpleDocs

Capital Withdrawal Rights, Interest and Priority. Prior to the dissolution and termination of the Company, no Member shall be entitled to withdraw or reduce such Member's Capital Account or to receive any distributions from the Company, other than distributions as provided in Article XIV 6 hereof. Except as provided in Article XIV12, no Member shall be entitled to receive or be credited with any interest on the balance in such Member's Capital Account at any time. No Member shall have any priority over any other Member as to the return of the balance in such Member's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Land O Lakes Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.