Common use of Limitations on Payments Made in Dissolution Clause in Contracts

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Member shall only be entitled to look solely to the assets of Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Manager.

Appears in 41 contracts

Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC)

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Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Managerother Member except as provided in Article 10.

Appears in 38 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this LLC Agreement, the Member shall only be entitled to look solely to the assets of Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Manager.

Appears in 22 contracts

Samples: Limited Liability Company Agreement (PG&E Recovery Funding LLC), Limited Liability Company Agreement (Evergy Missouri West Storm Funding I, LLC), Limited Liability Company Agreement (Evergy Missouri West Storm Funding I, LLC)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Sole Member shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any ManagerDirector or the Management Committee.

Appears in 21 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its such Member's positive Capital Account balance and shall have no recourse for its such Member's Capital Contribution and/or or share of net income profits (upon on dissolution or otherwise) against any Managerother Member.

Appears in 11 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Member shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any Manager.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement (Cleco Power LLC), Limited Liability Company Operating Agreement (Cleco Power LLC), Limited Liability Company Operating Agreement (Cleco Power LLC)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its that Member’s positive Capital Account balance and shall have no recourse for its Capital Contribution Contributions and/or share of net income Net Profits (upon dissolution or otherwise) against the Manager or any Managerother Member.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Kennedy-Wilson Properties (IL)), Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance Initial Contribution and shall have no recourse for its Capital Initial Contribution and/or share of net income profits (upon dissolution or otherwise) against any Managerother Member.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Hempacco Co., Inc.), Limited Liability (CERES Coin LLC)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its the Member’s positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Company profits against any Managerother Member except as provided in ARTICLE XIII.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (RiceBran Technologies), Membership Interest Purchase Agreement (Nutracea), Limited Liability Company Agreement (Nutracea)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Manager.other Member except as provided in Article X.

Appears in 4 contracts

Samples: Operating Agreement, Dissolution Agreement, Operating Agreement

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of Company for the return of its positive Capital Account balance Initial Contribution and shall have no recourse for its Capital Initial Contribution and/or share of net income profits (upon dissolution or otherwise) against any Managerother Member, if any other such Member exists.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article XI.

Appears in 3 contracts

Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its that Member’s positive Capital Account balance and shall have no recourse for its such Member’s Capital Contribution and/or share of net income Profits (upon dissolution or otherwise) against any Managerother Member.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (KW Victory Land Loan, LLC), Operating Agreement (Kennedy-Wilson Properties (IL))

Limitations on Payments Made in Dissolution. Except as otherwise ------------------------------------------- specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Managers or any Managerother Member.

Appears in 2 contracts

Samples: Operating Agreement (Auto Marketing Network Inc), Operating Agreement (Franchise Mortgage Acceptance Co)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its the Member’s positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Company profits against any Managerother Member except as provided in Article XIII.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (RiceBran Technologies), Limited Liability Company Agreement (RiceBran Technologies)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the LLC’s assets of Company for the return of its the Member’s positive Capital Account balance and shall have no recourse for its the Member’s Capital Contribution and/or share of net income Net Profits (upon on dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article 12.

Appears in 2 contracts

Samples: Operating Agreement (Molecular Imaging Corp), Operating Agreement (Molecular Imaging Corp)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its such Member's positive Capital Account balance and shall have no recourse for its such Member's Capital Contribution and/or Account balance or share of net income profits (upon on dissolution or otherwise) against any Managerother Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income Net Incomes (upon dissolution or otherwise) against any Manager.other Member except as expressly provided in Section 14. Operating Agreement for Xxxxxx Quality, LLC

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Aptitude Solutions, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Member shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) against any ManagerManager or the Management Committee.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (PSNH Funding LLC 3), Limited Liability Company Agreement (PSNH Funding LLC 3)

Limitations on Payments Made in Dissolution. Except as otherwise -------------------------------------------- specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its such Member's positive Capital Account balance and shall have no recourse for its such Member's Capital Contribution and/or or share of net income Net Profits (upon dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article 10.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the Company's assets of Company for the return of its the Member's positive Capital Account balance and shall have no recourse for its the Member's Capital Contribution and/or share of net income Income (upon dissolution or otherwise) against the Manager or any Managerother Member.

Appears in 2 contracts

Samples: Operating Agreement (Zhone Technologies Inc), Operating Agreement (Zhone Technologies Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its his positive Capital Account balance and shall have no recourse for its his Capital Contribution and/or share of net income Net Profit (upon dissolution or otherwise) against the Managers or any Managerother Member except as provided in Article XI.

Appears in 2 contracts

Samples: Operating Agreement (Atwood Minerals & Mining CORP.), Operating Agreement (Atwood Minerals & Mining CORP.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall will only be entitled to look solely to at the assets of Company for the return of its positive Capital Account balance and shall will have no recourse for its Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Members or any Managerother Member except as provided in Article 11.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.)

Limitations on Payments Made in Dissolution. Except as ------------------------------------------- otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the Company's assets of Company for the return of its the Member's positive Capital Account balance and shall have no recourse for its the Member's Capital Contribution and/or share of net income Income (upon dissolution or otherwise) against the Manager or any Managerother Member.

Appears in 2 contracts

Samples: Operating Agreement (Zhone Technologies Inc), Operating Agreement (Zhone Technologies Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Managing Member or any Managerother Member.

Appears in 2 contracts

Samples: Guaranty Agreement (NRG Yield, Inc.), Guaranty Agreement

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its that Member's positive Capital Account balance and shall have no recourse for its Capital Contribution Contributions and/or share of net income Net Profits (upon dissolution or otherwise) against any Managerother Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Capital Trust Inc), Limited Liability Company Agreement (Capital Trust Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Managerother Member except as provided in Article VIII.

Appears in 2 contracts

Samples: Operating Agreement (Extra Space Storage Inc.), Operating Agreement (Extra Space Storage Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its such Member’s positive Capital Account balance and shall have no recourse for its such Member’s Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Managers or any Manager.other Member except as provided in Article X.

Appears in 1 contract

Samples: Operating Agreement (ARAMARK FHC Kansas, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the including Section 4.4 hereof, each Member shall only will be entitled to look solely to the assets of the Company for the return of its his or her positive Capital Account balance and shall will have no recourse for its his or her Capital Contribution and/or share of net Net Income, or other items of income (upon dissolution and gain, against the Manager or otherwise) against any Managerother Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Asset Alliance Corp)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its such Member’s Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Liquidation Manager, or any Managerother Member, except as provided in Section 10.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Kaiser Ventures LLC)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the Company’s assets of Company for the return of his, her, or its positive Capital Account balance and shall have no recourse for his, her, or its Capital Contribution and/or share of net income Net Profit (upon dissolution or otherwise) against the Members or any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (Red Rock Pictures Holdings, Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Each Member shall only be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Controlling Member or any Managerother Member; provided, however, that this Section 10.5 shall not limit the right of a Member or Controlling Member to seek damages for a breach of this Agreement or the Employment Agreement.

Appears in 1 contract

Samples: Operating Agreement (Panera Bread Co)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against any Managerother Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Borqs Technologies, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its such Member's Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the officers, or any Managerother Member except as provided in Article 12.

Appears in 1 contract

Samples: Kaiser Ventures Inc

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its his positive Capital Account balance and shall have no recourse for its his Capital Contribution and/or share of net income Net Profit (upon dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article XI.

Appears in 1 contract

Samples: Operating Agreement (Global Resource CORP)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its that Member s positive Capital Account balance and shall have no recourse for its Capital Contribution Contributions and/or share of net income Net Profits (upon dissolution or otherwise) against the Manager or any Managerother Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Clean Energy Holdings, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its the Member’s positive Capital Account balance and shall have no recourse for his, her or its Capital Contribution and/or share of net income (upon dissolution or otherwise) Company profits against any Managerother Member, except as provided in Section 13.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solar Power, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (Rodgers Craig)

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Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Manager.other Member except as provided in Article X. 9.5

Appears in 1 contract

Samples: Operating Agreement

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Managers or any Managerother Member except as provided in Article XI.

Appears in 1 contract

Samples: Index Operating Agreement

Limitations on Payments Made in Dissolution. Except as ------------------------------------------- otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its his positive Capital Account balance and shall have no recourse for its his Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Members or any Managerother Member except as provided in Article XI.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the Member each Holder shall only be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article 11.

Appears in 1 contract

Samples: Operating Agreement (Growblox Sciences, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income taxable incomes (upon dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article XI.

Appears in 1 contract

Samples: Operating Agreement (Saint Andrews Golf Corp)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its positive Capital Account balance capital contributions and shall have no recourse for its Capital Contribution capital contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any ManagerMember except as provided in Article 10.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Q Med Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its the Member’s positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Company profits against any Managerother Member except as provided in Section 13.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nutracea)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this AgreementSection 3.8 or Section 10.2, the upon dissolution each Member shall only be entitled to look solely to at the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution Net Profits against the Committee Members or otherwise) against any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (United Leisure Corp)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its such Member's positive Capital Account balance and shall have no recourse for its such Member's Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Manager.other Member except as provided in Article X.

Appears in 1 contract

Samples: Operating Agreement (Vans Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its that Member's positive Capital Account balance balance, and shall have no recourse for its that Member's Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (Response Usa Inc)

Limitations on Payments Made in Dissolution. Except as otherwise ------------------------------------------- specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Manager.other Member except as provided in Article X.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income or gain of the Company (upon dissolution or otherwise) against the Manager or any Managerother Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TNP Strategic Retail Trust, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its such Member‘s positive Capital Account balance and shall have no recourse for its such Member‘s Capital Contribution and/or or share of net income profits (upon on dissolution or otherwise) against any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (Raven Fund 1)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income Net Profits (upon dissolution or otherwise) against the Managers or any Managerother Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Akorn Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income Profits (upon dissolution or otherwise) against Manager or any Manager.other Member,

Appears in 1 contract

Samples: Operating Agreement (Freedom Securiteis Corp /De/)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its its, his or her positive Capital Account balance and shall have no recourse for its its, his or her Capital Contribution and/or share of net income Profits (upon dissolution or otherwise) against the Managers or any Managerother Member except as provided in Article 11.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Versity Invest, LLC)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company IMMERSION for the return of its his positive Capital Account balance and shall have no recourse for its his Capital Contribution and/or share of net income Income (upon dissolution or otherwise) against the Managers or any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (Immersion Corp)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its his or her positive Capital Account balance and shall have no recourse for its his or her Capital Contribution and/or share of net income (upon dissolution or otherwise) Net Profits against any Managerother Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Bonn Edward J)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its that Member’s positive Capital Account balance and shall have no recourse for its Capital Contribution Contributions and/or share of net income Net Income (upon dissolution or otherwise) against the Managing Member or any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (New England Cape Gods, Inc.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this AgreementAgreement or in other written agreements among the Members, the each Member shall only be entitled to look solely to at the assets of Company for the return of its its, his or her positive Capital Account balance and shall have no recourse for its its, his or her Capital Contribution and/or share of net taxable income (upon dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article 11.

Appears in 1 contract

Samples: Operating Agreement (Grill Concepts Inc)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to the assets of the Company for the return of its such Member’s positive Capital Account balance and shall have no recourse for its such Member’s Capital Contribution and/or or share of net income profits (upon on dissolution or otherwise) against any Managerother Member.

Appears in 1 contract

Samples: Operating Agreement (Ryland Group Inc)

Limitations on Payments Made in Dissolution. Except as otherwise ------------------------------------------- specifically provided in this Agreement, the each Member shall only be entitled to look solely only to the assets of the Company for the return of its that Member's positive Capital Account balance and shall have no recourse for its Capital Contribution Contributions and/or share of net income Net Income (upon dissolution or otherwise) against any Managerother Member.

Appears in 1 contract

Samples: Liability Company Agreement (Southwest Water Co)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of the Company for the return of its such Member's positive Capital Account balance and shall have no recourse for its Capital Contribution and/or share of net income (upon dissolution any such or otherwise) other amounts against any ManagerManager or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Euroseas Ltd.)

Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, the each Member shall only be entitled to look solely to at the assets of Company for the return of its its, his or her positive Capital Account balance and shall have no recourse for its its, his or her Capital Contribution and/or share of net taxable income (upon dissolution or otherwise) against the Manager or any Managerother Member except as provided in Article 11.

Appears in 1 contract

Samples: Operating Agreement (Grill Concepts Inc)

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