Deficits. Each Member shall look solely to the assets of the Company for the return of its investment, and if the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the investment of each Member, such Member shall have no recourse against any other Member for indemnification, contribution or reimbursement except as specifically provided in this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Cbre LJM Mortgage Co LLC)
Deficits. Each Member shall look solely to the assets of the Company for the return of his, her or its investment, and if the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the investment of each Member, such Member shall have no recourse against any other Member for indemnification, contribution or reimbursement except as specifically provided in this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Vince Holding Corp.), Membership Interest Purchase Agreement (XCel Brands, Inc.)
Deficits. Each Member shall look solely to the assets of the Company for the return of its the Member's investment. If, and if the Company property remaining after the payment or discharge of the debts and liabilities of the Company, the remaining assets of the Company is are insufficient to return the investment of each any Member, such Member shall have no recourse against any other Member Members (including the Manager) for indemnification, contribution contribution, or reimbursement except as specifically provided in this Agreementreimbursement.
Appears in 2 contracts
Samples: Operating Agreement (American Sierra Gold Corp.), Operating Agreement (American Sierra Gold Corp.)
Deficits. Each Member shall look solely to the assets of the Company for the return of its the Member’s investment, and if the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the investment of each Member, such Member shall have no recourse against any other Member Members for indemnification, contribution contribution, or reimbursement reimbursement, except as specifically provided in this Agreement.
Appears in 1 contract
Deficits. Each Member shall look solely to the assets of the Company for the return of its investment, and if the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the investment of each Member, such Member shall have no recourse against any other Member or Management Party for indemnification, contribution or reimbursement except as specifically provided in this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Minn Shares Inc)
Deficits. Each Member shall look solely to the assets of the Company for the return of its the Member's investment, and if the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the investment of each any Member, such Member shall have no recourse against any other Member Members for indemnification, contribution contribution, or reimbursement except as specifically provided in this Agreementreimbursement.
Appears in 1 contract
Samples: Operating Agreement
