Interest and Withdrawal. No interest shall be paid by the Company on Capital Contributions. No Member or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member or Assignee shall have priority over any other Member or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Assignees agree within the meaning of Section 18-502(b) of the Act.
Appears in 15 contracts
Samples: Limited Liability Company Agreement (Penn Virginia Resource Partners L P), Limited Liability Company Agreement (U.S. Shipping Partners L.P.), Limited Liability Company Agreement (Pacific Energy Partners Lp)
Interest and Withdrawal. No interest on Capital Contributions shall be paid by the Company on Capital ContributionsPartnership. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 9 contracts
Samples: Contribution and Assumption Agreement (Magellan Midstream Partners Lp), Simplification Agreement (Magellan Midstream Partners Lp), Agreement and Plan of Merger (Inergy Holdings, L.P.)
Interest and Withdrawal. No interest shall be paid by the Company Partnership on Capital Contributions. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination dissolution of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 7 contracts
Samples: Agreement and Plan of Merger (NuStar Energy L.P.), Agreement and Plan of Merger, NuStar Energy L.P.
Interest and Withdrawal. No interest on Capital Contributions shall be paid by the Company on Capital ContributionsPartnership. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members Partners or Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Southern Union Co), Agreement and Plan of Merger (Energy Transfer Equity, L.P.), Energy Transfer LP
Interest and Withdrawal. No interest shall be paid by the Company Partnership on Capital Contributions. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware LP Act.
Appears in 4 contracts
Samples: Holly Energy Partners Lp, Holly Energy Partners Lp, Holly Energy Partners Lp
Interest and Withdrawal. No interest shall be paid by the Company Partnership on Capital Contributions. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members Partners or Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 2 contracts
Samples: Plains All American Pipeline Lp, Plains All American Pipeline Lp
Interest and Withdrawal. No interest shall be paid by the Company Partnership on Capital Contributions. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.. Section 5.5
Appears in 2 contracts
Samples: Crosstex Energy Lp, Crosstex Energy Lp
Interest and Withdrawal. β No interest shall be paid by the Company Partnership on Capital Contributions. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 1 contract
Samples: ir.energytransfer.com
Interest and Withdrawal. No interest shall be paid by the Company on Capital Contributions. No Member or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member or Assignee shall have priority over any other Member or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Assignees agree within the meaning of Section 18-502(b) of the Delaware LLC Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Holly Energy Partners Lp)
