Return of Capital Contributions. The Member agrees that if the Company does not have adequate assets to return the Capital Contributions, then the Member will not have any recourse against the Company.
Appears in 103 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Return of Capital Contributions. The Member agrees Members agree that if the Company does not have adequate assets to return the Capital Contributions, then the Member Members will not have any recourse against the Company or the other Members. As one exception to the previous statement, recourse does exist if another Member owes an outstanding debt to the Company.
Appears in 89 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Return of Capital Contributions. The Member agrees Members agree that if the Company does not have adequate assets to return the Capital Contributions, then the Member Members will not have any recourse against the Company or the other Members, unless another Member owes an outstanding debt to the Company.
Appears in 84 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
