Common use of Limitations on Payments Made in Dissolution Clause in Contracts

Limitations on Payments Made in Dissolution. Except as otherwise ------------------------------------------- specifically provided in this Agreement, each Member shall be entitled to look only to the assets of the Company for the return of his or her positive Capital Account balance and shall have no recourse for his or her Capital Contribution and/or share of Net Profits against any other Member except as provided in Article X.

Appears in 1 contract

Sources: Operating Agreement (CPC of America Inc)

Limitations on Payments Made in Dissolution. Except as otherwise ------------------------------------------- specifically provided in this Agreement, each Member shall be entitled to look only to the assets of the Company for the return distribution of his or her positive Capital Account balance its interests and no Member shall have no any recourse for his or her Capital Contribution capital contributions and/or share of Net Profits against any other Member except as provided in Article X.Member.

Appears in 1 contract

Sources: Operating Agreement (Kw 2012 C, LLC)

Limitations on Payments Made in Dissolution. Except as otherwise ------------------------------------------- specifically provided in this Agreement, each Member shall be entitled to look only to the assets of the Company for its share of the return of his or her positive Capital Account balance net profits and shall have no recourse for his or her Capital Contribution and/or its share of Net Profits against any other Member except as provided in Article X.Member.

Appears in 1 contract

Sources: Operating Agreement (National Earth Products Inc)