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 Member shall be entitled to (a) withdraw or reduce such Member's Capital Contribution or to receive any distributions from the Company, or (b) receive or be credited with any interest on the balance of such Member's Capital Contribution at any time. An unrepaid Capital Contribution is not a liability of the Company or of any Member.

Appears in 3 contracts

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

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

Appears in 1 contract

Samples: Operating Agreement (Duberstein Gary K)

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