Common use of Capital Contributions Generally Clause in Contracts

Capital Contributions Generally. Except as otherwise expressly provided herein or to the extent that a Partner agrees to make a Capital Contribution to, or to purchase interests from, the Partnership: (a) no Partner shall be required to contribute any capital to the Partnership; (b) no Partner may withdraw any of its capital from the Partnership; (c) no Partner shall be required to make any loan to the Partnership; (d) loans by a Partner to the Partnership shall not be considered a contribution of capital, shall not increase the Capital Account of the lending Partner or its ownership interest of the Partnership and the repayment of such loans by the Partnership shall not decrease, or result in any adjustment to, the Capital Account of the Partner making the loans; (e) no interest shall be paid on any capital contributed to the Partnership by any Partner; (f) under any circumstances requiring a return of all or any portion of a Capital Contribution, no Partner shall have the right to receive property other than cash; and (g) no Partner shall be required at any time to restore any deficit in its Capital Account.

Appears in 1 contract

Samples: Graham Packaging Holdings Co

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Capital Contributions Generally. Except as otherwise expressly provided herein or to the extent that a Partner agrees to make a Capital Contribution to, or to purchase interests Partnership Interests from, the Partnership: (ai) no Partner shall be required to contribute any capital to the Partnership; (bii) no Partner may withdraw any of its capital from the Partnership; (ciii) no Partner shall be required to make any loan to the Partnership; (div) loans by a Partner to the Partnership shall not be considered a contribution of capital, shall not increase the Capital Account of the lending Partner or its the lending Partner's ownership interest of in the Partnership and the repayment of such loans by the Partnership shall not decrease, or result in any adjustment to, the Capital Account of the Partner making the loans; (ev) no interest shall be paid on any capital contributed to the Partnership by any Partner; (fvi) under any circumstances requiring a return of all or any portion of a Capital Contribution, no Partner shall have the right to receive property other than cash; and (gvii) no Partner shall be required at any time to restore any deficit in its such Partner's Capital Account.

Appears in 1 contract

Samples: Agreement (Wackenhut Corrections Corp)

Capital Contributions Generally. Except as otherwise expressly provided herein or to the extent that a Partner agrees to make a Capital Contribution to, or to purchase interests from, the Partnership: (a) no Partner shall be required to contribute any capital to the Partnership; (b) no Partner may withdraw any of its capital from the Partnership; (c) no Partner shall be required to make any loan to the Partnership; (dc) loans by a Partner to the Partnership shall not be considered a contribution of capital, shall not increase the Capital Account of the lending Partner or its ownership interest of the Partnership and the repayment of such loans by the Partnership shall not decrease, or result in any adjustment to, the Capital Account of the Partner making the loans; (ed) no interest shall be paid on any capital contributed to the Partnership by any Partner; (fe) under any circumstances requiring a return of all or any portion of a Capital Contribution, no Partner shall have the right to receive property other than cashcash except in the sole discretion of the Packaging; and (gf) no Partner shall be required at any time to restore any deficit in its Capital Account.

Appears in 1 contract

Samples: Agreement (Graham Packaging Acquisition Corp.)

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Capital Contributions Generally. Except as otherwise expressly provided herein or to the extent that a Partner agrees to make a Capital Contribution to, or to purchase interests Partnership Interests from, the Partnership: (a) no Partner shall be required to contribute any capital to the Partnership; (b) no Partner may withdraw any of its capital from the Partnership; (c) no Partner shall be required to make any loan to the Partnership; (d) loans by a Partner to the Partnership shall not be considered a contribution of capital, shall not increase the Capital Account of the lending Partner or its the lending Partner's ownership interest of in the Partnership and the repayment of such loans by the Partnership shall not decrease, or result in any adjustment to, the Capital Account of the Partner making the loans; (e) no interest shall be paid on any capital contributed to the Partnership by any Partner; (f) under any circumstances requiring a return of all or any portion of a Capital Contribution, no Partner shall have the right to receive property other than cash; and (g) no Partner shall be required at any time to restore any deficit in its such Partner's Capital Account.

Appears in 1 contract

Samples: Brandywine Realty Trust

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