Common use of Members Look Solely to Company Assets Clause in Contracts

Members Look Solely to Company Assets. Each Member shall look solely to the assets of the Company for all distributions respecting the Company and return of its Capital Contributions, and no Member shall have any recourse in connection therewith against any Member except as provided in Section 6.1.

Appears in 2 contracts

Samples: Operating Agreement (Foreland Corp), Operating Agreement (Crown Energy Corp)

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Members Look Solely to Company Assets. Each Member shall look solely to the assets of the Company for all distributions respecting with respect to the Company and return of its Capital Contributionscapital contributions, and no Member shall have any recourse in connection therewith against any Member Manager except as provided in Section 6.1.

Appears in 2 contracts

Samples: Contribution Agreement (American Restaurant Concepts Inc), Operating Agreement (American Restaurant Concepts Inc)

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