Company Capital. No Member shall be paid interest on any Capital Contribution to the Company or on such Member's Capital Account, and no Member shall have any right (a) to demand the return of such Member's Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to ARTICLE X hereof, or (b) to cause a partition of the Company's assets; provided, however, that the interest restrictions in this paragraph shall not apply to a Default Loan the maker of which shall be entitled to interest at the Default Rate as provided in Section 3.4.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Centerpoint Properties Trust), Limited Liability Company Agreement (Keystone Property Trust)
Company Capital. No Member shall be paid interest on any Capital Contribution to the Company or on such Member's ’s Capital Account, and no Member shall have any right (a) to demand the return of such Member's ’s Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to ARTICLE Article X hereof, or (b) to cause a partition of the Company's ’s assets; provided, however, that the interest restrictions in this paragraph shall not apply to a Default Loan the maker of which shall be entitled to interest at the Default Rate as provided in Section 3.4.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)
Company Capital. No Member shall be paid interest on any Capital Contribution to the Company or on such Member's ’s Capital Account, and no Member shall have any right (a) to demand the return of such Member's ’s Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except pursuant to Section 5.2 or upon dissolution of the Company pursuant to ARTICLE Article X hereof, or (b) to cause a partition of the Company's ’s assets; provided, however, that the interest restrictions in this paragraph shall not apply to a Default Loan the maker of which shall be entitled to interest at the Default Rate as provided in Section 3.4.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)
Company Capital. No Member shall be paid interest on any Capital Contribution to the Company or on such Member's Capital Account, and no Member shall have any right (a) to demand the return of such Member's Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to ARTICLE X hereof, or (b) to cause a partition of the Company's assets; provided, however, that the interest restrictions in this paragraph shall not apply to a Default Loan the maker of which shall be entitled to interest at the Default Rate as provided in Section 3.4.. SECTION
Appears in 1 contract
Samples: Limited Liability Company Agreement
Company Capital. No Member shall be paid interest on any Capital Contribution to the Company or on such Member's ’s Capital Account, and no Member shall have any right (a) to demand the return of such Member's ’s Capital Contribution or any other distribution from the Company (whether upon resignation, withdrawal or otherwise), except as expressly set forth in this Agreement or upon dissolution of the Company pursuant to ARTICLE X Article XI hereof, or (b) to cause a partition of the Company's ’s assets; provided, however, that the interest restrictions in this paragraph shall not apply to a Default Loan the maker of which shall be entitled to interest at the Default Rate as provided in Section 3.4.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)
