Withdrawal and Return of Capital. Except as otherwise expressly provided herein, no Member shall have the right to withdraw capital from the Company or to receive any distribution of or return on such Member’s Capital Contributions.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Withdrawal and Return of Capital. Except as otherwise expressly No Member shall withdraw any of its capital without the consent of the other Members, except upon the dissolution or liquidation of the Company to the extent provided hereinin this Agreement. Under circumstances requiring or permitting a return of any Capital Contribution, no Member shall have the right to withdraw capital from the Company or to receive any distribution of or return on such Member’s Capital Contributionsproperty other than cash except as may be specifically provided in Section 11.2(d).
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Norfolk Southern Corp)
Withdrawal and Return of Capital. Except as otherwise expressly provided hereinupon dissolution of the Company (subject to the provisions of Section 11 hereof), no Member may withdraw any capital from the Company without the consent of the Manager or, if the Member proposing to withdraw capital is the Manager, without the consent of a Majority in Interest of Investing Members. Under circumstances causing a return of a Capital Contribution, no Member shall have the right to withdraw capital from the Company or receive property other than cash, except as may otherwise be specifically provided herein, nor to receive any distribution of or return be paid interest on such Member’s Capital Contributionscontributions with respect to the period held by the Company.
Appears in 1 contract
Samples: Operating Agreement
Withdrawal and Return of Capital. Except as otherwise expressly provided hereinin this Agreement, no Member shall have the right be entitled to withdraw any part of such Member’s capital from the Company contribution or capital account, or to receive any distribution of or return on such Member’s Capital Contributionsfrom the Company.
Appears in 1 contract
Samples: Operating Agreement (Pacific Export Resources, LLC)
Withdrawal and Return of Capital. Except as otherwise expressly provided hereinin this Agreement, no Member shall have the right be entitled to withdraw any part of such Member's capital from the Company contribution or capital account, or to receive any distribution of or return on such Member’s Capital Contributionsfrom the Company.
Appears in 1 contract
Withdrawal and Return of Capital. (a) Except as otherwise expressly provided hereinin this Section 2.5, Section 4 or Section 11, no Member shall withdraw any of its capital without the consent of the other Members, except upon the dissolution or liquidation of the Company to the extent provided in this Agreement. Under circumstances requiring or permitting a return of any Capital Contribution, no Member shall have the right to withdraw capital from the Company or to receive any distribution of or return on such Member’s Capital Contributionsproperty other than cash except as may be specifically provided herein.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Kansas City Southern)