Common use of No Interest on Capital Account Clause in Contracts

No Interest on Capital Account. The Partnership will not pay interest on any credit balance of a capital account. Except as provided in this Agreement or the Act or similar applicable legislation in Canada, no Limited Partner is required to pay interest to the Partnership on any Capital Contribution returned to the Limited Partner.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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No Interest on Capital Account. The Partnership will not pay interest on any credit balance of the capital account of a capital accountPartner. Except as provided in this Agreement or the Act or similar applicable legislation in Canada, no Limited Partner is required to pay interest to the Partnership on any Capital Contribution returned to the Limited Partner or on any negative balance in the Limited Partner’s capital account.

Appears in 1 contract

Samples: Limited Partnership Agreement (Atlantic Oklahoma Wind, LLC)

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