Common use of Restrictions Relating to Capital Clause in Contracts

Restrictions Relating to Capital. No member shall (i) be entitled to receive interest on its capital contribution, (ii) have the right to partition of the Company’s properties, (iii) be liable to the Company or to any other member (as applicable) to restore any deficit balance in its capital account (except as may be required by the Act) or to reimburse any other member for any portion of such other member’s investment in the Company, or (iv) have priority over any other member either as to the return of its capital contribution or as to income, losses, interest, returns or distributions.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement (Great Lakes Dredge & Dock CORP)

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Restrictions Relating to Capital. No member shall (i) be entitled to receive interest on its capital contribution, (ii) have the right to partition of the Company’s properties, (iii) be liable to the Company or to any other member (as applicable) to restore any deficit balance in its capital account (except as may be required by the Delaware LLC Act) or to reimburse any other member for any portion of such other member’s investment in the Company, or (iv) have priority over any other member either as to the return of its capital contribution or as to income, losses, interest, returns or distributions.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement (Great Lakes Dredge & Dock CORP)

Restrictions Relating to Capital. No member Member shall (i) be entitled to receive interest on its capital contribution, (ii) have the right to partition of the Company’s properties, (iii) be liable to the Company or to any other member (as applicable) Member to restore any deficit balance in its capital account (except as may be required by the Act) or to reimburse any other member Member for any portion of such other memberMember’s investment in the Company, or (iv) have priority over any other member Member either as to the return of its capital contribution or as to income, losses, interest, returns returns, or distributions.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hydratight Operations, Inc.), Limited Liability Company Agreement (Hydratight Operations, Inc.)

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Restrictions Relating to Capital. No member The Member shall not (i) be entitled to receive interest on its capital contributioncontributions, (ii) have the right to partition of the Company’s properties's property, or (iii) be liable to the Company or to any other member (as applicable) to restore any deficit balance in its capital account (except as may be required by the Act) or to reimburse any other member for any portion of such other member’s investment in the Company, or (iv) have priority over any other member either as to the return of its capital contribution or as to income, losses, interest, returns or distributionsCapital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CST Metro LLC)

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