Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 9 contracts
Sources: Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Diversified Holdings)
Rights of Members. Except as otherwise provided in this Agreement, each Member the Members shall look solely to the Property assets of the Company for the return of its their Capital Contribution Contributions and has no Member shall have any right or power to demand or receive Property property other than cash from the Company. If No Member shall have priority over any other Member as to the assets return of the Company remaining after payment his or discharge of the debts or liabilities of the Company are insufficient to return such its Capital Contribution, the Members shall have no recourse against the Company distributions or any other Member or the Managerallocations.
Appears in 9 contracts
Sources: Operating Agreement (Decrane Holdings Co), Operating Agreement (Decrane Aircraft Holdings Inc), Operating Agreement (Decrane Aircraft Holdings Inc)
Rights of Members. Except as otherwise provided in this Agreement, (a) each Member shall look solely to the Property assets of the Company for the return of its Capital Contribution and has Contribution, (b) no Member shall have the right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members and (c) no Member shall have no recourse against the Company or priority over any other Member as to the return of its Capital Contributions, distributions or the Managerallocations.
Appears in 5 contracts
Sources: Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Bre Properties Inc /Md/), Limited Liability Company Agreement (Oasis Residential Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 4 contracts
Sources: Operating Agreement (OCM HoldCo, LLC), Operating Agreement (OCM HoldCo, LLC), Limited Liability Company Agreement (Bunge LTD)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution Contributions and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Indebtedness or other liabilities of the Company are insufficient to return such Capital ContributionContributions, the Members shall have no recourse against the Company Company, the Managing Member, or any other Member Member, except as expressly set forth herein or in the Managerother Transaction Documents.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (At&t Inc.), Limited Liability Company Agreement (At&t Inc.), Limited Liability Company Agreement (At&t Inc.)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property property of the Company for the return of its Capital Contribution or any loan he has made and has shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return any such loan or a Member’s Capital Contribution, the Members shall have no recourse against the Company or any other Member or the ManagerMember.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (Caliburn International Corp), Operating Agreement (GreenSky, Inc.), Operating Agreement (GreenSky, Inc.)
Rights of Members. Except as otherwise provided in this Amended Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 4 contracts
Sources: Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO Trust)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property property of the Company for the return of its Capital Contribution Contributions and has no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital ContributionContributions, the Members shall have no recourse against the Company or any other Member or the any Manager.
Appears in 4 contracts
Sources: Operating Agreement (NGA Holdco, LLC), Limited Liability Company Agreement (OCM HoldCo, LLC), Limited Liability Company Agreement (Plainfield Enterprises LLC)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property assets of the Company for the return of its his Capital Contribution and has shall have no right or power to demand or receive Property other than cash property from the CompanyManaging Member. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members No Member shall have no recourse against the Company or priority over any other Member as to the return of his Capital Contributions, distributions or the Managerallocations.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Limited Liability Company Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Limited Liability Company Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution investment and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities of the Company are insufficient to return such Capital Contributioninvestment, the Members shall have no recourse against the Company or any other Member or the ManagerDirector.
Appears in 4 contracts
Sources: Operating Agreement (Magellan Health Services Inc), Operating Agreement (Magellan Health Services Inc), Operating Agreement (Crescent Operating Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property Properties of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the CompanyContribution. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 4 contracts
Sources: Admission of Substituted Member (Environtech Inc.), Admission of Substituted Member (Environtech Inc.), Admission of Substituted Member (Environtech Inc.)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager. To the maximum extent permitted by law, each Member hereby waives any right to partition of the Company Property.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement (1847 Holdings LLC), Operating Agreement (Atlas Industries Holdings LLC)
Rights of Members. Except as otherwise provided in this Operating Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution Contributions and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital ContributionContributions, the Members shall have no recourse against the Company Company, the Manager, or any other Member or the ManagerMember.
Appears in 3 contracts
Sources: Operating Agreement, LLC Operating Agreement, Operating Agreement
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution Contributions and has no right or power to demand or receive Property other than cash Cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Indebtedness or liabilities of the Company are insufficient to return such Capital ContributionContributions, the Members shall have no recourse against the Company Company, the Managing Member, or any other Member Member, except as expressly set forth in Section 5.8 or the Managerin any other Transaction Document.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company Company's property for the return of its Capital Contribution and has no right or power to demand or receive Property property other than cash from the Company. If , and if the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members a Member shall have no recourse against the Company or any the other Member or the ManagerMember.
Appears in 3 contracts
Sources: Operating Agreement (Finova Group Inc), Operating Agreement (Finova Group Inc), Operating Agreement (Leucadia National Corp)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Invested Capital Contribution (if any) and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities of the Company are insufficient to return such Invested Capital Contribution(if any), the Members shall have no recourse against the Company or any other Member or the ManagerMember.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (MCI Income Fund VII, LLC), Limited Liability Company Agreement (MCI Income Fund V, LLC)
Rights of Members. Except as otherwise provided in this Agreement or the Master Offset Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution Contributions and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities Liabilities of the Company are insufficient to return such Capital ContributionContributions, the Members shall have no recourse against the Company Company, the Managing Member or any other Member or the ManagerMember.
Appears in 2 contracts
Sources: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)
Rights of Members. Except as otherwise provided in this Agreement, each Each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has and, except as otherwise provided in Section 12.10 hereof, shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 2 contracts
Sources: Agreement of Limited Liability Company (Ims Health Inc), Limited Liability Company Agreement (Ims Health Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member Member, Manager or the ManagerOfficer.
Appears in 2 contracts
Sources: Operating Agreement (Anworth Mortgage Asset Corp), Operating Agreement (Lodgenet Entertainment Corp)
Rights of Members. Except as otherwise provided in this Agreement, each Each Member shall look solely to the Company Property of the Company for the return of its Capital Contribution and has and, except as otherwise provided in Section 12.9, shall have no right or power to demand or receive Property property other than cash Cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (APT Sunshine State LLC), Limited Liability Company Agreement (Resource America Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Company Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Company Property other than cash from the Companycash. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the ManagerMember.
Appears in 2 contracts
Sources: Operating Agreement (Valcent Products Inc.), Operating Agreement (Global Green Solutions Inc.)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company Company, the Manager or any other Member or the ManagerMember.
Appears in 2 contracts
Sources: Operating Agreement (Pepco Holdings Inc), Operating Agreement (Pepco Holdings Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member the Members shall look solely to the Property assets of the Company for the return of its their Capital Contribution Contributions and has shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 2 contracts
Sources: Operating Agreement (Environtech Inc.), Operating Agreement (Columbia Equity Trust, Inc.)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or Manager for the Managerdeficiency.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members Member shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property assets of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the CompanyContributions. If the assets of the Company remaining after payment or discharge of the debts or liabilities Debt of the Company are insufficient to return such Capital ContributionContributions, the Members shall have no recourse against the Company Company, any member of the Executive Committee or any other Member or the ManagerMember.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property property of the Company for the return of its his or her Capital Contribution and has no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution investment and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities of the Company are insufficient to return such Capital Contributioninvestment, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall will look solely to the Property assets of the Company for the return of its Capital Contribution and has will have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company Company's property for the return of its Capital Contribution and has no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members a Member shall have no recourse against the Company or any the other Member or the ManagerMember.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company Company's property for the return of its Capital Contribution and has no right or power to demand or receive Property property other than cash from the Company. If , and if the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members a Member shall have no recourse against the Company or any other Member Company, the Manager or the Managerother Members.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the ManagerMember.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Each Member shall look solely to the Company Property of the Company for the return of its Capital Contribution and has shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Sources: Company Agreement (Calair LLC)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the ManagerMember.
Appears in 1 contract
Sources: Limited Liability Company Agreement (MCI Income Fund VII, LLC)
Rights of Members. Except as otherwise provided in this Agreement, (a) each Member shall look solely to the Property assets of the Company for the return of its Capital Contribution and has Contribution, (b) no Member shall have the right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Pan Pacific Retail Properties Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property assets of the Company for the return of its Capital Contribution Contributions and has shall have no right or power to demand or receive Property assets other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital ContributionContributions, the Members shall have no recourse against the Company Company, the Managing Member or any other Member or the ManagerMember.
Appears in 1 contract
Sources: Limited Liability Company Agreement (BRT Realty Trust)
Rights of Members. Except as otherwise provided in this Agreement, (a) each Member shall look solely to the Property assets of the Company for the return of its Capital Contribution and has shall have no right or power to demand or receive Property property other than cash from the Company. If Company in accordance with the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contributionterms hereof, the Members and (b) no Member shall have no recourse against the Company or priority over any other Member as to the return of its Capital Contributions, distributions, or the Managerallocations.
Appears in 1 contract
Sources: Operating Agreement
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company Assets for the return of its Capital Contribution and has no right or power to demand or receive Property Company Assets other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall will look solely to the Company’s Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the Company’s assets of the Company remaining after payment or discharge of the Company’s debts or liabilities of the Company are insufficient to return such that Capital Contribution, the Members shall a Member will have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its such Member’s Capital Contribution Contributions and has shall have no right or power to demand or receive Property Property, other than cash cash, from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or other liabilities of the Company are insufficient to return a Member’s Capital Contributions, such Capital Contribution, the Members Member shall have no recourse against the Company Company, the Manager, or any other Member or the ManagerMember.
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (New England Realty Associates Limited Partnership)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution investment and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities of the Company are insufficient to return such Capital Contributioninvestment, the Members shall have no recourse against the Company or any other Member or the Manager.. 49 _____________________________________________________________________________
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, then the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Sources: Operating Agreement
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property assets of the Company for the return of its Capital Contribution capital contributions and has shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Sources: Joint Venture Agreement (Cymer Inc)
Rights of Members. Except as otherwise provided in this Agreement, (a) each Member shall look solely to the Property assets of the Company for the return of its his Capital Contribution and has shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members and (b) no Member shall have no recourse against the Company or priority over any other Member as to the return of his Capital Contributions or the Managerpayment of Dividends by the Company.
Appears in 1 contract
Sources: Operating Agreement (Long Island Physician Holdings Corp)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property assets of the Company for the return of its his Capital Contribution and has no right or power to demand or receive Property assets other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the ManagerMember.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution rights to Distributions and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the ManagerMember.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Lakes Entertainment Inc)
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property assets of the Company for the return of its Capital Contribution Invested Capital, if so entitled, and has shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members shall have no recourse against the Company or any other Member or the Manager.
Appears in 1 contract
Sources: Operating Agreement
Rights of Members. Except as otherwise provided in this Agreement, each Member shall look solely to the Property of the Company for the return of its Capital Contribution investment and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts Debts or liabilities of the Company are insufficient to return such Capital Contributioninvestment, the Members shall have no recourse against the Company or any other Member or the ManagerManaging Member.
Appears in 1 contract
Rights of Members. Except as otherwise provided in this AgreementAgreement or the Loan Documents, (i) each Member shall look solely to the Property assets of the Company for the return of its such Member’s Capital Contribution and has Company obligations owed to such Member, and shall have no right or power to demand or receive Property property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Members and (ii) no Member shall have no recourse against the Company or priority over any other Member as to the return of such Member’s Capital Contributions, payments, distributions or the Managerallocations.
Appears in 1 contract
Sources: Operating Agreement (Cornerstone Core Properties REIT, Inc.)