Common use of Withdrawal and Return of Capital Clause in Contracts

Withdrawal and Return of Capital. Except as specifically provided in this Agreement, a Member shall not have any right to demand the return of any Capital Contribution or to withdraw any portion of Company capital. If the Distributable Cash remaining upon dissolution of the Company after the payment or discharge of Company Expenses is insufficient to return any Member’s Unreturned Capital, the Member shall have no recourse against any of the Members or against the Company.

Appears in 4 contracts

Samples: Operating Agreement (Acadia Realty Trust), Operating Agreement (Acadia Realty Trust), Operating Agreement (Acadia Realty Trust)

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Withdrawal and Return of Capital. Except as specifically provided in this Agreementupon the dissolution and liquidation of the Company, a Member shall not have any no right to demand the return of any Capital Contribution or to withdraw any portion of Company capital. If its Capital Contributions without the Distributable Cash remaining upon dissolution consent of the Company after the payment or discharge other Member(s). Under circumstances requiring a return of Company Expenses is insufficient to return any a Member’s Unreturned Capital's Capital Contributions, the no Member shall have no recourse against any of the Members or against the Companyright to receive property other than cash except as may be specifically provided herein.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Imax Corp), Limited Liability Company Agreement (Imax Corp), Limited Liability Company Agreement (Imax Corp)

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Withdrawal and Return of Capital. Except as specifically expressly provided in this Agreement, a no Member shall not have any right to demand the return of any Capital Contribution or be entitled to withdraw any portion part of Company capital. If the Distributable Cash remaining upon dissolution of the Company after the payment such Member's Capital Contributions or discharge of Company Expenses is insufficient to return receive any Member’s Unreturned Capital, the Member shall have no recourse against any of the Members or against distribution from the Company.

Appears in 1 contract

Samples: Operating Agreement (Shipyard River Coal Terminal Co)

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