Common use of Interest on and Return of Capital Account Clause in Contracts

Interest on and Return of Capital Account. The Sole Member shall be entitled to interest on its Capital Contribution and to receive the return of its Capital Contribution to the extent permitted by, and in accordance with the terms of, the Bond Indenture and any other applicable Basic Documents. Without limiting the intent and scope of the preceding sentence, pursuant to Section 8.02(e) of the Bond Indenture and subject to the priority of payments thereof and availability of funds, the Sole Member is entitled to receive, as a return on capital, an annual amount equal to 6.85% of 0.50% of the initial principal amount of the Bonds. Except as provided in the applicable Basic Documents, no interest shall be paid or credited to the Sole Member on its Capital Account or upon any undistributed profits left on deposit with the Company. Except as provided herein and in the applicable Basic Documents or by law, the Sole Member shall have no right to demand or receive the return of its Capital Contribution.