Interest on Contributions Sample Clauses
The 'Interest on Contributions' clause establishes whether and how interest will accrue on monetary contributions made under an agreement. Typically, this clause specifies the interest rate, the method of calculation, and the circumstances under which interest is payable, such as late payments or outstanding balances. Its core function is to incentivize timely payments and compensate parties for the time value of money, thereby reducing the risk of financial loss due to delayed contributions.
Interest on Contributions. No interest shall be paid by the Company on any Capital Contribution made by any Member to the Company.
Interest on Contributions. No Partner shall be entitled to interest on its contribution to the capital of the Partnership.
Interest on Contributions. No interest shall be paid on the initial contributions of The Partnership capital. 280
Interest on Contributions. Capital Contributions to the Company shall not earn interest, unless otherwise agreed by the Members.
Interest on Contributions. Either partner contributing capital to the Partnership shall be entitled to interest computed from the date of such contribution at a rate of interest which is two percent (2.00%) per annum higher than the “Prime Rate” charged by Bank of America, as said Prime Rate may change from time to time. As used herein, the term “Prime Rate” shall mean the annual interest rate publicly announced by Bank of America from time to time as its interest rate to its most creditworthy customers. Rates shall change monthly. The rate shall be the rate in effect by Bank of America on the first day of each calendar month.
Interest on Contributions. No interest shall accrue or be paid on the balance in the Capital Account of any Partner.
Interest on Contributions. Capital contributions to the partnership shall not earn interest, except as otherwise expressly provided in this agreement.
Interest on Contributions. No interest will be paid to any Partner on any part of such Partner's capital contribution. In the event a Partner is to receive a distribution based upon a percentage capital contributed to the Partnership, the distribution shall not be considered "interest" on the Partners capital account.
Interest on Contributions. No interest will be paid on any Capital Contributions to the Partnership capital.
Interest on Contributions. No interest shall be paid by the Partnership on any Capital Contribution made by any Partner to the Partnership.