Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, each Member will be entitled to look only to the assets of the Fund for Distributions (including Distributions in liquidation) and the Parties will have no personal liability for any Distributions.
Appears in 20 contracts
Sources: Subscription Agreement, Purchase Agreement, Purchase Agreement
Limitations on Payments Made in Dissolution. Except as otherwise specifically provided in this Agreement, each Member will be entitled to look only to the assets of the Fund Company for Distributions (including Distributions in liquidation) and the Parties will have no personal liability for any Distributions.
Appears in 7 contracts
Sources: Individual Series Limited Liability Company Agreement (Freeport Holdings Series LLC), Operating Agreement, Limited Liability Company Operating Agreement