Return of Capital Contribution upon Dissolution Clause Samples

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Return of Capital Contribution upon Dissolution. Except as provided in Sections 7.3 and 7.4 of this Agreement, which provide for a reduction or refund of the Limited Partner's Capital Contribution under certain circumstances, and which shall represent the personal obligations of the General Partner, as well as the obligations of the Partnership, each Partner shall look solely to the assets of the Partnership for all Distributions with respect to the Partnership (including the return of its Capital Contribution) and shall have no recourse therefor (upon dissolution or otherwise) against any General Partner. No Partner shall have any right to demand property other than money upon dissolution and termination of the Partnership, and the Partnership is prohibited from such a distribution of property absent the Consent of the Special Limited Partner.
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Return of Capital Contribution upon Dissolution. Except as provided in Sections 7.3 and 7.6 of this Agreement, which provide for a reduction or refund of the Investor Member's Capital Contribution under certain circumstances, and which shall represent the personal obligation of the Managing Member, as well as the obligation of the Company, each holder of a Company interest shall look solely to the assets of the Company for all Distributions with respect to the Company (including the return of its Capital Contribution) and shall have no recourse therefor (upon dissolution or otherwise) against the Managing Member or any Investor Member. No Member shall have any right to demand or receive property other than money upon dissolution and termination of the Company.
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Return of Capital Contribution upon Dissolution. Except as provided in Section 7.3 and Section 7.4 of this Agreement, which provide for a reduction or refund of the Limited Partner's Capital Contribution and the Georgia Limited Partner's Capital Contribution under certain circumstances, and which shall represent the personal obligations of the General Partner, as well as the obligations of the Partnership, each Partner shall look solely to the assets of the Partnership for all Distributions with respect to the Partnership (including the return of its Capital Contribution) and shall have no recourse therefor (upon dissolution or otherwise) against any General Partner. No Partner shall have any right to demand property other than money upon dissolution and termination of the Partnership, and the Partnership is prohibited from such a distribution of property absent the Consent of the Special Limited Partner.
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Related to Return of Capital Contribution upon Dissolution

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.