Common use of Interest on and Return of Capital Contributions Clause in Contracts

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 in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 2 contracts

Samples: Operating Agreement (United Auto Group Inc), Operating Agreement (Uag Mentor Acquisition LLC)

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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 in this Operating LLC Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Angeion Corp/Mn), Limited Liability Company Operating Agreement (Angeion Corp/Mn)

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its such Member's Capital Contribution Contributions or to a return of its Capital ContributionContributions, except as otherwise specifically provided for in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Peoples Liberation Inc)

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its Capital Contribution Contributions or to a return of its Capital Contribution, except as otherwise specifically provided for in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital ContributionContributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cadiz Inc)

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on his, her or its Capital Contribution or to a return of his, her or its Capital Contribution, except as otherwise specifically provided for set forth in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Victory Entertainment Corp)

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Interest on and Return of Capital Contributions. No Member shall be entitled to (i) interest on its Capital Contribution Contribution; or to (ii) return of its Capital Contribution, Contribution except as otherwise specifically provided for in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (AvWorks Aviation Corp)

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its his Capital Contribution or to return of its his Capital Contribution, Contribution except with the consent of the Members or as otherwise specifically provided for in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contributionherein.

Appears in 1 contract

Samples: Operating Agreement (Rocky Mountain Internet Inc)

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