Common use of Specific Limitations Clause in Contracts

Specific Limitations. Neither Member shall have the right or power to (a) resign as a Member (except in the case of a Transfer of all of a Member's Membership Interest that is permitted by this Agreement, including a Transfer pursuant to Section 9.11, where the Assignee of such Member's Membership Interest has been admitted as a substitute Member in accordance with Section 9.3, and except as provided in Section 6.2(a) with respect to the Manager), (b) reduce its Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law, or (c) demand or receive property other than cash in return for its Capital Contribution. Except as otherwise set forth in this Agreement or in any agreement permitted to be entered into under this Agreement with respect to the purchase, redemption, retirement, or other acquisition of Membership Interests, neither Member shall have priority over the other Member either as to the return of its Capital Contribution or as to Net Profit, Net Loss, or distributions. Other than upon the termination and dissolution of the Company as provided by this Agreement, and except has provided in Section 4.3, there has been no time agreed upon when the Capital Contribution of either Member will be returned.

Specific Limitations. Neither No Member shall have the right or power to to: (a) (i) resign as a Member (except subject to the rights of transfer set forth elsewhere in the case of a Transfer of all of a Member's Membership Interest that is permitted by this Agreement, including a Transfer pursuant Agreement and subject to Section 9.11, where the Assignee of such Member's Membership Interest has been admitted as a substitute Member in accordance with Section 9.3, and except as provided in Section 6.2(a5.4(a) with respect to the Manager), Managing Member) or (bii) reduce its Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law, (b) bring an action for partition against the Company or any assets of the Company, (c) cause the termination and dissolution of the Company, except as set forth in this Agreement, or (cd) demand or receive property other than cash in return for its Capital Contribution. Except as otherwise set forth in this Agreement or in any agreement permitted to be entered into under this Agreement with respect to the purchase, redemption, retirement, or other acquisition of Membership Interests, neither no Member shall have priority over the any other Member either as to the return of its Capital Contribution or as to Net Profit, Net Loss, or distributions. Other than upon the termination and dissolution of the Company as provided by this Agreement, and except has provided in Section 4.3, there has been no time agreed upon when the Capital Contribution of either any Member will be returned.