Rights of Unitholders. Except as otherwise provided in this Agreement, in winding up under Section 7.2 each Unitholder shall look solely to the Property of the Company for any Distribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts, obligations and liabilities of the Company are insufficient to return the Capital Contributions, the Unitholders shall have no recourse against the Company or any other Unitholder or Unitholders.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Blackhawk Biofuels, LLC), Limited Liability Company Agreement (Illini Bio-Energy, LLC), Operating Agreement (Bootheel Agri-Energy LLC)
Rights of Unitholders. Except as otherwise provided in this Agreement, in winding up under Section 7.2 each Unitholder shall look solely to the Property of the Company for any Distribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts, obligations and liabilities of the Company are insufficient to return the Capital Contributions, the Unitholders shall have no recourse against the Company or any other Unitholder or Unitholders.. U.S. Premium Beef, LLC AMENDED AND RESTATED LLC AGREEMENT
Appears in 3 contracts
Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement (U. S. Premium Beef, LLC)
Rights of Unitholders. Except as otherwise provided in this Agreement, in winding up under Section 7.2 each Unitholder shall look solely to the Property of the Company for any Distribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts, obligations and liabilities of the Company are insufficient to return the Capital Contributions, the Unitholders shall have no recourse against the Company or any other Unitholder or Unitholders.. U.S. PREMIUM BEEF, LLC AMENDED AND RESTATED LLC AGREEMENT
Appears in 1 contract
Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC)
Rights of Unitholders. Except as otherwise provided in this Agreement, in winding up under Section 7.2 each Unitholder shall look solely to the Property of the Company for any Distribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts, obligations and liabilities of the Ozark Ethanol, LLC Limited Liability Company Agreement Company are insufficient to return the Capital Contributions, the Unitholders shall have no recourse against the Company or any other Unitholder or Unitholders.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ozark Ethanol LLC)
