DISTRIBUTIONS OF CAPITAL; NO INTEREST ON CAPITAL CONTRIBUTIONS; LIMITATION ON CONTRIBUTIONS Sample Clauses

DISTRIBUTIONS OF CAPITAL; NO INTEREST ON CAPITAL CONTRIBUTIONS; LIMITATION ON CONTRIBUTIONS. Except as provided in the Act and in this Article III or in Article VII, (A), no Member or Successor shall be entitled to withdraw or to receive Distributions of or against his/her/its capital contributions; (B) no Member or Successor shall be paid interest on any capital contribution; and (C) no Member or Successor shall have any priority over other Members and Successors as to contributions or as to compensation by way of income.
Sample 1
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Related to DISTRIBUTIONS OF CAPITAL; NO INTEREST ON CAPITAL CONTRIBUTIONS; LIMITATION ON CONTRIBUTIONS

  • No Interest on Capital Contributions The Member shall not be entitled to interest on any capital contributions made to the Company.

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Capital Contributions Distributions 10 SECTION 5.1

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Status of Capital Contributions (a) No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise specifically provided in this Agreement.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

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