Common use of Capital Withdrawal Rights, Interest and Priority Clause in Contracts

Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Partner shall be entitled to (a) withdraw or reduce such Partner's Capital Contribution or to receive any distributions from the Partnership, or (b) receive or be credited with any interest on the balance of such Partner's Capital Contribution at any time. An unrepaid Capital Contribution is not a liability of the Partnership or of any Partner.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Acin LLC), Limited Partnership Agreement (Natural Resource Partners Lp), Agreement (Natural Resource Partners Lp)

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Capital Withdrawal Rights, Interest and Priority. Except as expressly provided in this Agreement, no Partner shall be entitled to (a) withdraw or reduce such Partner's Capital Contribution or to receive any distributions from the Partnership, or (b) receive or be credited with any interest on the balance of such Partner's Capital Contribution at any time. An unrepaid Capital Contribution is not a liability of the Partnership or of any Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Plains Resources Inc), Limited Partnership Agreement (Plains All American Pipeline Lp)

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