Complete Distribution. The distribution of cash or Property to a Member in accordance with the provisions of this Section 8.2 shall constitute a complete return to the Member in respect of its Capital Contributions and a complete distribution to the Member of its interest in the Company and the Company’s Property.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Nabors Industries LTD)
Complete Distribution. The distribution of cash or Property property to a Member in accordance with the provisions of this Section 8.2 9.2 shall constitute a complete return to the Member in respect of its Capital Contributions and a complete distribution to the Member of its interest in the Company and the Company’s Propertyproperty.
Appears in 1 contract
Complete Distribution. The distribution of cash or Property property to a Member in accordance with the provisions of this Section 8.2 shall constitute 10.2 constitutes a complete return to the Member in respect of its Capital Contributions and a complete distribution to the Member of its interest in the Company Membership Interest and all the Company’s Property's property and constitutes a compromise to which all Members have consented pursuant to Section 18-502(b) of the Act. To the extent that a Member returns funds to the Company, it has no claim against any other Member for those funds.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Energy Conversion Devices Inc)
Complete Distribution. The distribution of cash or Property property to a the Member in accordance with the provisions of this Section 8.2 7.2 shall constitute a complete return to the Member in respect of its Capital Contributions and a complete distribution to the Member of its interest in the Company and the Company’s Propertyproperty.
Appears in 1 contract
Sources: Operating Agreement (Unistrut International Holdings, LLC)