RETURN OF. CAPITAL Except as otherwise provided in this Agreement, no Member shall demand or receive a return of his or its Capital Contribution without the approval of the Board of Directors. Under circumstances requiring a return of any Capital Contribution, no Member shall have the right to receive property other than cash except as may be specifically provided in this Agreement. No Member shall have any personal liability for the repayment of the Capital Contribution of any other Member.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Decrane Aircraft Holdings Inc), Operating Agreement (Decrane Holdings Co), Limited Liability Company Agreement (Decrane Aircraft Holdings Inc)