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

Interest on and Return of Capital Contributions. The Member shall not be entitled to interest on any capital contribution made by the Member (the “Capital Contribution”) or on its Capital Account (defined below) balance, and the Member shall not have the right to withdraw or to demand the return of all or any payment of its Capital Contribution, except as specifically provided for herein.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Masterworks 005, LLC), Limited Liability Company Agreement (Masterworks 004, LLC), Limited Liability Company Agreement (Masterworks 003, LLC)

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Interest on and Return of Capital Contributions. The Member shall not be entitled to interest on any capital contribution made by the Member (the “Capital Contribution”) or on its Capital Account (defined below) balance, and the Member shall not have the right to withdraw Contribution or to demand the return of all or any payment of its Capital Contribution, except as specifically provided for herein.

Appears in 2 contracts

Samples: Operating Agreement (JFC LLC), Operating Agreement (JFC LLC)

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Interest on and Return of Capital Contributions. The Member Members shall not be entitled to interest on any capital contribution made by the Member (the “Capital Contribution”) Contribution or on its such Member’s Capital Account (defined below) balance, and the no Member shall not have the right to withdraw or to demand the return of all or any payment part of its Capital Contribution, except as specifically provided for hereinin this LLC Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Samson Holdings, Inc.)

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