Common use of No Further Claim Clause in Contracts

No Further Claim. Upon dissolution, each Member shall have recourse solely to the assets of the Company for the return of such Member’s capital, and if the Company’s property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member shall have no recourse against the Company, the Board of Managers or any other Member.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Golden Queen Mining Co LTD), Purchase and Sale Agreement (Leucadia National Corp), Limited Liability Company Agreement (National Commerce Corp)

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No Further Claim. Upon dissolution, each Member shall have recourse solely to the assets of the Company for the return of such Member’s capital, and if the Company’s property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member shall have no recourse against the Company, the Board of Managers Manager or any other Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (National Beef, Inc.), Limited Liability Company Agreement (National Beef, Inc.), Limited Liability Company Agreement (National Beef, Inc.)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s capitalits Capital Contributions, and if the Company’s 's property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such a Member shall have no recourse against the Company, the Board of Managers Company or any other MemberMember except to the extent that the other Member has received Distributions in excess of those to which such Member was entitled to under the terms of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (New England Power Co), Liability Company Agreement (New England Electric System), New England Electric System

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s capitalits investment, and if the Company’s property of the Company remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions capital contributions of each a Member, such neither Member shall have no any recourse against the Company, the Board of Managers or any other Member.

Appears in 3 contracts

Samples: Operating Agreement (Insight Communications Co Inc), Operating Agreement (Coaxial LLC), Operating Agreement (Insight Communications of Central Ohio LLC)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s its capital, and if the Company’s 's property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member Members shall have no recourse against the Company, the Board of Managers or any other Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s capitalits investment, and if the Company’s property of the Company remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions capital contributions of each a Member, such no Member shall have no any recourse against the Company, the Board of Managers or any other Member.

Appears in 2 contracts

Samples: Operating Agreement (Insight Communications Co Inc), Operating Agreement (Insight Communications Co Inc)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s capitalits Capital Contributions, and if the Company’s 's property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member Members shall have no recourse against the Company, the Board of Managers Company or any other MemberMember except to the extent that Member has received Distributions in excess of those to which such Member was entitled to under the terms of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Jumpking Inc), Limited Liability Company Agreement (510152 N B LTD)

No Further Claim. Upon dissolution, each Member shall will have recourse solely to the assets of the Company for the return of such Member’s capital, and if the Company’s property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member shall will have no recourse against the Company, the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gryphon Gold Corp)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s its capital, and if the Company’s 's property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member Members shall have no recourse against the Company, the Board of Managers Managers, the Members or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PSF Holdings LLC)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s its capital, and if the Company’s property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions capital contributions of each Member, such Member Members shall have no recourse against the Company, any member of the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Archipelago Learning, Inc.)

No Further Claim. Upon Without limitation of the provisions of Section 8.1 and 8.2, upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s its capital, and if the Company’s 's property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions capital contributions of each Member, such Member Members shall have no recourse against the Company, any member of the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Norcraft Companies Lp)

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No Further Claim. Upon dissolution, each Member shall have recourse solely to the assets of the Company for the return of such Member’s capital, and if the Company’s property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Unreturned Capital Contributions of each MemberMember (if any), such Member shall have no recourse against the Company, the Board of Managers Manager or any other MemberMember (it being understood that the foregoing is not intended to limit any other claims or rights a Member may have).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Enterprise Diversified, Inc.)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s capitalits investment, and if the Company’s property of the Company remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions capital contributions of each a Member, such no Member shall have no any recourse against the Company, the Board of Managers or any other MemberMembers.

Appears in 1 contract

Samples: Operating Agreement (Insight Communications Co Inc)

No Further Claim. Upon dissolution, each Member shall have recourse solely to the assets of the Company for the return of such Member’s 's capital, and if the Company’s 's property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member shall have no recourse against the Company, the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to the assets of the Company for the return of such Member’s capitalits investment, and if the Company’s Company property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions capital contributions of each Member, Member such Member Members shall have no recourse against the Company, the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Falcon Holding Group Lp)

No Further Claim. Upon dissolution, each Member shall have recourse solely to the assets of the Company Assets for the return of such Member’s capital, and if the Company’s property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions capital contributions of each Member, such Member shall have no recourse against the Company, the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (New York REIT, Inc.)

No Further Claim. Upon dissolution, each Member shall will have recourse solely to the assets of the Company for the return of such Member’s capital, and if the Company’s property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member shall will have no recourse against the Company, the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intel Corp)

No Further Claim. Upon dissolution, each Member shall have recourse look solely to ---------------- the assets of the Company for the return of such Member’s its capital, and if the Company’s 's property remaining after payment or discharge of the debts and liabilities of the Company, including debts and liabilities owed to one or more of the Members, is insufficient to return the aggregate Capital Contributions of each Member, such Member Members shall have no recourse against the Company, the Board of Managers or any other Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Penn Octane Corp)

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