Common use of Withdrawal of Capital Clause in Contracts

Withdrawal of Capital. A Member shall not be entitled to withdraw any part of its capital contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement. A Member shall not receive out of the Company’s property any part of its capital contributions until all liabilities of the Company, except liabilities to Members on account of their capital contributions, have been satisfied or there remains property of the Company sufficient to satisfy them.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (HIC San Pablo Limited, Inc.), Limited Liability Company Agreement (HIC San Pablo Limited, Inc.), Limited Liability Company Agreement (HIC San Pablo Limited, Inc.)

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Withdrawal of Capital. A No Member shall not be entitled to withdraw any part of its capital contribution contributions to the Company, or to receive any distribution distributions from the Company, except as otherwise provided in this Agreement. A No Member shall not be entitled to demand or receive out of any property from the Company’s property any part of its capital contributions until all liabilities of the CompanyCompany other than cash, except liabilities to Members on account of their capital contributions, have been satisfied or there remains property of the Company sufficient to satisfy themas otherwise expressly provided for herein.

Appears in 7 contracts

Samples: Operating Agreement (Pacific Export Resources, LLC), Operating Agreement (Pacific Export Resources, LLC), Operating Agreement (Pacific Export Resources, LLC)

Withdrawal of Capital. A Member shall not be entitled to withdraw any part of its capital contribution or to receive any distribution from the Company, except as otherwise provided in this Agreement. A Member shall will not receive out of the Company’s property any part of its capital contributions the Member’s Capital Contribution until all liabilities of the Company, except liabilities owed to Members on account of their capital contributionsCapital Contributions, have been satisfied paid or there remains property of the Company sufficient to satisfy pay them. A Member, irrespective of the nature of the Member’s Capital Contribution, has only the right to demand and receive cash in return for his Capital Contribution. The provisions of this Section 6.04 will have no effect on the Tax Distribution (defined below).

Appears in 2 contracts

Samples: Operating Agreement (Performance Drilling Co LLC), Operating Agreement (Performance Drilling Co LLC)

Withdrawal of Capital. A The Member shall not be entitled to withdraw any part of its capital contribution or to receive any distribution from the Companynot, except as otherwise provided in this Agreement. A Member shall not receive out of herein, have the Company’s property right to withdraw from the Company all or any part of its capital contributions until all liabilities of Capital Contribution prior to the Company, except liabilities to Members on account of their capital contributions, have been satisfied or there remains property of the Company sufficient to satisfy them’s final dissolution and liquidation.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Gym-Card, LLC)

Withdrawal of Capital. A Member shall not be entitled to withdraw any part of its capital contribution such Member's Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. A Member shall not receive out of the Company’s property any part of its capital contributions until all liabilities of the Company, except liabilities to Members on account of their capital contributions, have been satisfied or there remains property of the Company sufficient to satisfy them.

Appears in 2 contracts

Samples: Operating Agreement (Neose Technologies Inc), Operating Agreement (Eloyalty Corp)

Withdrawal of Capital. A Member shall not be entitled to withdraw any part of its capital contribution the Member’s Capital Contribution or to receive any distribution distributions, whether of money or property, from the Company, Company except as otherwise provided in this Agreement. A Member shall not receive out of the Company’s property any part of its capital contributions until all liabilities of the Company, except liabilities to Members on account of their capital contributions, have been satisfied or there remains property of the Company sufficient to satisfy them.

Appears in 1 contract

Samples: Operating Agreement (Raybor Management Inc)

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Withdrawal of Capital. A Member shall not be entitled to withdraw any part of its capital contribution such Member’s Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. A Member shall not receive out of the Company’s property any part of its capital contributions until all liabilities of the Company, except liabilities to Members on account of their capital contributions, have been satisfied or there remains property of the Company sufficient to satisfy them.

Appears in 1 contract

Samples: Operating Agreement (Intelligent Highway Solutions, Inc.)

Withdrawal of Capital. A Member shall not be entitled to withdraw any part of its capital contribution such Member's Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. A Member shall not receive out The Managers shall, however, have the authority, in the Managers' discretion, to return to the Members all or part of the Company’s property any part of its capital contributions until all liabilities Capital Contributions of the CompanyMembers, except liabilities provided that such payments are made to the Members on account of their capital contributions, have been satisfied or there remains property of the Company sufficient to satisfy themin proportions permitted under Article VI below.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Inc)

Withdrawal of Capital. A Member shall not be entitled to withdraw --------------------- any part of its capital contribution such Member's Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement. A Member shall not receive out The Board shall, however, have the authority, in its reasonable discretion, to return to the Members all or part of the Company’s property any part of its capital contributions until all liabilities Capital Contributions of the CompanyMembers, except liabilities provided that such payments are made to the Members on account of their capital contributionsin accordance with Section 4.2(b)(2) or Sections 7.2(c) and 7.2(d), have been satisfied or there remains property of the Company sufficient to satisfy themas applicable.

Appears in 1 contract

Samples: Operating Agreement (Reckson Associates Realty Corp)

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