Interest and Withdrawal. No interest shall be paid by the Company on Capital Contributions. No Member or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member or Assignee shall have priority over any other Member or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Assignees agree within the meaning of Section 18-502(b) of the Act.
Appears in 15 contracts
Samples: Limited Liability Company Agreement (U.S. Shipping Partners L.P.), Limited Liability Company Agreement (Pacific Energy Partners Lp), Limited Liability Company Agreement (U.S. Shipping Partners L.P.)
Interest and Withdrawal. No interest on Capital Contributions shall be paid by the Company on Capital ContributionsPartnership. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 10 contracts
Samples: Limited Partnership Agreement (Crestwood Equity Partners LP), Agreement of Limited Partnership, Limited Partnership Agreement (Inergy L P)
Interest and Withdrawal. No interest on Capital Contributions shall be paid by the Company on Capital ContributionsPartnership. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members Partners or Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Energy Transfer LP), Limited Partnership Agreement (Energy Transfer LP), Limited Partnership Agreement (Energy Transfer LP)
Interest and Withdrawal. No interest shall be paid by the Company Partnership on Capital Contributions. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination dissolution of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware Act.
Appears in 7 contracts
Samples: Agreement of Limited Partnership (NuStar Energy L.P.), Limited Partnership Agreement (NuStar Energy L.P.), Merger Agreement (NuStar Energy L.P.)
Interest and Withdrawal. No interest shall be paid by the Company Partnership on Capital Contributions. No Member Partner or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member Partner or Assignee shall have priority over any other Member Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Partners and Assignees agree within the meaning of Section 1817-502(b) of the Delaware LP Act.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Holly Energy Partners Lp), Limited Partnership Agreement (Holly Energy Partners Lp), Limited Partnership Agreement (Holly Energy Partners Lp)
Interest and Withdrawal. No interest shall be paid by the Company on Capital Contributions. No Member or Assignee shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Member or Assignee shall have priority over any other Member or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Members or Assignees agree within the meaning of Section 18-502(b) of the Delaware LLC Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Holly Energy Partners Lp)
