Common use of Return of Contribution Clause in Contracts

Return of Contribution. Except as required by the LLCA, no Member shall be personally liable for the return of any capital contribution, or any portion thereof, or the return of any additions to the Capital Accounts of the other Members, or any portion thereof, it being agreed that any return of capital as may be made at any time, or from time to time, shall be made solely from the assets of the Company, and only in accordance with the terms hereof.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (UCP, Inc.), Limited Liability Company Operating Agreement (UCP, Inc.), Limited Liability Company Operating Agreement (UCP, Inc.)

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Return of Contribution. Except as required by the LLCALLCL, no Member shall be personally liable for the return of any capital contribution, or any portion thereof, or the return of any additions to the Capital Accounts of the other Members, or any portion thereof, it being agreed that any return of capital as may be made at any time, or from time to time, shall be made solely from the assets of the Company, and only in accordance with the terms hereof.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Barnesandnoble Com Inc), Limited Liability Company Agreement (Barnesandnoble Com Inc), Limited Liability Company Agreement (Barnes & Noble Inc)

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