RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company at the discretion of The Board of Directors of a Unit or all of such Member's Units pursuant to Section 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iii) upon the liquidation of the Company's assets pursuant to Section 6.2 hereof. No Member shall be liable for the return of any amounts distributed under this Section 5.2. No Member shall have the right to require partition of the Company's property or to compel any sale or appraisal of the Company's assets.
Appears in 2 contracts
Samples: Acp Strategic Opportunities Fund Ii LLC, Acp Continuum Return Fund Ii LLC
RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company at the discretion of The Board of Directors of a Unit part or all of such Member's Units Interest pursuant to Section 4.5 4.4 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iii) upon the liquidation of the Company's assets pursuant to Section 6.2 hereof. No Member shall be liable for the return of any such amounts distributed under this except pursuant to the provisions of Section 5.25.6(c) and Section 5.9(b) hereof. No Member shall have the right to require partition of the Company's property or to compel any sale or appraisal of the Company's assets.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ramius IDF Master Fund LLC), Limited Liability Company Agreement (Ramius IDF LLC)
RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company at the discretion of The Board of Directors of a Unit or all of such Member's Units pursuant to Section 4.5 4.2 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iii) upon the liquidation of the Company's assets pursuant to Section 6.2 hereof. No Except as provided by applicable law, no Member shall be liable for the return of any amounts distributed under this Section 5.2such capital properly paid to such Member pursuant to the provisions of (i), (ii) and/or (iii) of the preceding sentence. No Member shall have the right to require partition of the Company's property or to compel any sale or appraisal of the Company's assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BlackRock Core Alternatives Portfolio LLC)
RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Company, nor shall any Member be entitled to the return of any capital of the Company except (i) upon the repurchase by the Company at the discretion of The Board of Directors of a Unit or all of such Member's ’s Units pursuant to Section 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iii) upon the liquidation of the Company's ’s assets pursuant to Section 6.2 hereof. No Member shall be liable for the return of any amounts distributed under this Section 5.2. No Member shall have the right to require partition of the Company's ’s property or to compel any sale or appraisal of the Company's ’s assets.. Section 5.3
Appears in 1 contract
Samples: PARADIGM Multi Strategy Fund, LLC