Common use of Return of Capital Contribution upon Dissolution Clause in Contracts

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.

Return of Capital Contribution upon Dissolution. Except as provided in Sections 7.2 and 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 Member 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 any 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, and the Company is prohibited from such a distribution of property absent the Consent of the Special Member.