Liability of a Member to the Company. A Member that rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the Act. A Member that receives a Distribution made by the Company in violation of this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)
Liability of a Member to the Company. (a) A Member that rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the LLC Act. A Member that receives a Distribution made by the Company in violation of this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Limited Liability Company Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)
Liability of a Member to the Company. A Member that who or which rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the New York Act. A Member that who or which receives a Distribution made by the Company in violation of this Agreement or made when the Company’s 's liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
Appears in 2 contracts
Samples: Operating Agreement (Mediacom LLC), Operating Agreement (Mediacom Capital Corp)
Liability of a Member to the Company. A Member that rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the Act. A Member that receives a Distribution made by the Company in violation of this Agreement or made when the Company’s 's liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (EB International Holdings, Inc.), Limited Liability Company Agreement (EB International Holdings, Inc.)
Liability of a Member to the Company. A In the event the Member that rightfully receives the return in whole or in part of any portion of a its Initial Capital Contribution is and/or any subsequent capital contributions that the Member makes to the Company, or any other distribution, the Member shall be liable to the Company only to the extent now or hereafter provided by the Act. A Member that receives a Distribution made by the Company in violation of this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
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Liability of a Member to the Company. A Member that rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the Act. A Member that receives a Distribution made by the Company in violation of this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Era Group Inc.)
Liability of a Member to the Company. A Member that who or which rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the New York Act. A Member that who or which receives a Distribution made by the Company in violation of this Operating Agreement or made when the Company’s 's liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
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Liability of a Member to the Company. (a) A Member that rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the LLC Act. A Member that receives a Distribution made by the Company in violation of this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such DistributionDistribution only to the extent now or hereafter provided by the LLC Act.
Appears in 1 contract
Samples: Parking Management Agreement
Liability of a Member to the Company. A Member that rightfully who receives a distribution or the return in whole or in part of any portion of a its Capital Contribution is liable to the Company only to the extent now or hereafter provided by the Act. A Member that receives a Distribution made by the Company in violation of Act or this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such DistributionAgreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Grant Park Futures Fund Limited Partnership)
Liability of a Member to the Company. (a) A Member that rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the LLC Act. A Member that receives a Distribution made by the Company in violation of the LLC Act or this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall be liable to the Company for the amount of such Distribution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Consolidated Tomoka Land Co)
Liability of a Member to the Company. A Member that rightfully receives the return of any portion of a Capital Contribution is liable to the Company only to the extent now or hereafter provided by the Act. A Member that who knowingly receives a Distribution distribution or payment made by the Company in violation of the Articles or this Agreement or made when the Company’s liabilities exceed its assets (after giving effect to such Distribution) shall may be liable to the Company for under the amount of such DistributionAct.
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