Common use of Source of Distributions Clause in Contracts

Source of Distributions. No Member, manager or any of their respective Affiliates shall be personally liable for the return of the capital contributions of any other Member, or any portion thereof, it being expressly understood that any such return shall be made solely from the Company's assets.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Reckson Services Industries Inc), Limited Liability Company Agreement (Reckson Services Industries Inc)

AutoNDA by SimpleDocs

Source of Distributions. No Member, manager or any of their respective Affiliates Member shall be personally liable for the return of the capital contributions of any other another Member’s Capital Contributions, or any portion thereof, it being expressly understood that any such return shall be made solely from the Company's Company assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capital Trust Inc)

Source of Distributions. No Member, manager or any of their respective Affiliates Member shall be personally liable for the return of the capital contributions of any other Member, or any portion thereof, it being expressly understood that any such return shall be made solely from the Company's Company assets.

Appears in 1 contract

Samples: Operating Agreement (Wilshire Enterprises Inc)

Source of Distributions. No Member, manager Manager or any of their respective Affiliates shall be personally liable for the return of the capital contributions Capital Contributions of any other Member, or any portion thereof, it being expressly understood that any such return shall be made solely from the Company's ’s assets.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Superconductor Technologies Inc)

AutoNDA by SimpleDocs

Source of Distributions. No Member, manager or any of their respective Affiliates Member shall be personally liable for the return of the another Member’s capital contributions of any other Memberto the Company, or any portion thereof, it being expressly understood that any such return shall be made solely from the Company's Company assets.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Barrington Quincy LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.