Partnership Capital. (a) No interest shall be paid by the Partnership on any capital contributions to the Partnership or on capital account balances. (b) No Partner shall have the right to withdraw any part of his capital contribution to the Partnership or his capital account, or to receive any return of any portion of his capital contribution or his capital account, except as may be specifically provided in this Agreement. (c) Loans from a Partner to the Partnership shall not be considered capital contributions.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Ply Gem Industries Inc), Limited Partnership Agreement (Ply Gem Industries Inc)
Partnership Capital. (a) No interest shall be paid by the Partnership on any capital contributions Capital Contributions to the Partnership or on capital account Capital Account balances.
(b) No Partner shall have the right to withdraw any part of his capital contribution such Partner’s Capital Contribution to the Partnership or his capital accountsuch Partner’s Capital Account, or to receive any return of any portion of his capital contribution such Partner’s Capital Contribution or his capital accountCapital Account, except as may be specifically provided in this Agreement.
(c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash, except as may be specifically provided in this Agreement.
(d) Loans from a Partner to the Partnership shall not be considered capital contributionsCapital Contributions.
Appears in 1 contract
Sources: Limited Partnership Agreement (Ruth's Chris Steak House Texas, L.P.)
Partnership Capital. (a) No interest shall be paid by the Partnership on any capital contributions Capital Contributions to the Partnership or on capital account Capital Account balances.
(b) No Partner shall have the right to withdraw any part of his capital contribution such Partner’s Capital Contribution to the Partnership or his capital accountsuch Partner’s Capital Account, or to receive any return of any portion of his capital contribution such Partner’s Capital Contribution or his capital accountCapital Account, except as may be specifically provided in this Agreement.
(c) Loans from a Partner to the Partnership shall not be considered capital contributions.
Appears in 1 contract
Sources: Limited Partnership Agreement (Ruth's Chris Steak House Texas, L.P.)
Partnership Capital. (a) No interest Partner shall be paid by the Partnership interest on any capital contributions to the Capital Contribution or Capital Account. The Partnership shall not redeem or on capital account balances.
(b) No repurchase any Interest, and no Partner shall have the right to withdraw any part of his capital contribution to the Partnership or his capital accountwithdraw, or to receive any return of any portion of his capital contribution of, its Capital Contribution or his capital accountCapital Account, except as may be specifically provided in this Agreementherein.
(c) Loans from a Partner to the Partnership shall not be considered capital contributions.
Appears in 1 contract
Sources: Limited Partnership Agreement
Partnership Capital. (a) A. No interest Partner shall be paid by the Partnership interest on any capital contributions his Capital Contribution to the Partnership Partnership, on his Capital Account or on capital account balances.
(b) his Special Deemed Capital Account, as the case may be. B No Partner shall have the right to withdraw any part of his capital contribution to the Partnership or his capital account, Capital Contribution or to receive any return of any portion of his capital contribution or his capital accountCapital Contribution, except as may be specifically provided for herein or in this Agreementthe Act.
(c) Loans from a Partner to the Partnership shall not be considered capital contributions.
Appears in 1 contract
Sources: Limited Partnership Agreement (Telco Systems Inc /De/)
Partnership Capital. (a) A. No interest Partner shall be paid by the Partnership interest on any capital contributions Capital Contribution to the Partnership or on capital account balancessuch Partner's Capital Account, notwithstanding any disproportion therein as between Partners.
(b) No B. The Partnership shall not redeem or repurchase any Partner's Partnership Units, and no Partner shall have the right to withdraw any part of his capital contribution to from the Partnership or his capital accountPartnership, except as provided in Section 6.1, or to receive any return of any portion of his capital contribution or his capital account, except as may be specifically provided in this AgreementCapital Contribution.
(c) Loans from a Partner to the Partnership shall not be considered capital contributions.
Appears in 1 contract
Partnership Capital. (a) No interest shall be paid by the Partnership on any capital contributions to the Partnership or on capital account balances.
(b) No Partner shall have the right to withdraw any part of his capital contribution to the Partnership or his capital capita] account, or to receive any return of any portion of his capital contribution or his capital account, except as may be specifically provided in this Agreement.
(c) Loans from a Partner to the Partnership shall not be considered capital contributions.
Appears in 1 contract
Sources: Limited Partnership Agreement (Ply Gem Industries Inc)