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

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 2 contracts

Samples: Operating Agreement (Uag Mentor Acquisition LLC), Operating Agreement (United Auto Group Inc)

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Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution. In addition, except no Member shall have the right to withdraw any portion of such member's Capital Account. No Member shall be personally liable to any other Member for the return of any Capital Contributions (or any additions thereto), it being agreed that any distribution as otherwise specifically provided for may be made from time to time shall be made solely from the assets of the Company and only in accordance with the terms of this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Quokka Sports Inc)

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution. In addition, except no Member shall have the right to withdraw any portion of such member's Capital Account. Except as otherwise specifically provided required by the Company, no Member shall be personally liable to any other Member for the return of any Capital Contributions (or any additions thereto), it being agreed that any distribution as may be made from time to time shall be made solely from the assets of the Company and only in accordance with the terms of this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Tivoli Industries Inc)

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for in this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.. 8.7

Appears in 1 contract

Samples: Operating Agreement

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Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution. In addition, no Member shall have the right to withdraw any portion of such Member's Capital Account except as otherwise specifically provided for in herein. Except as required by this Operating Agreement. Unless unanimously agreed by , no Member shall be personally liable to any other Member for the Members return of any Capital Contributions (or to comply with Section 8.2(aany additions thereto), it being agreed that any distribution as may be made from time to time shall be made solely from the Company shall not use borrowed funds to return a Member's initial Capital ContributionProperty and only in accordance with the terms of this Operating Agreement.

Appears in 1 contract

Samples: Operating Agreement (First Consulting Group Inc)

Interest on and Return of Capital Contributions. No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution. In addition, except no Member shall have the right to withdraw any portion of such Member’s Capital Account. Except as otherwise specifically provided required by the Company, no Member shall be personally liable to any other Member for the return of any Capital Contributions (or any additions thereto), it being agreed that any distribution as may be made from time to time shall be made solely from the assets of the Company and only in accordance with the terms of this Operating Agreement. Unless unanimously agreed by the Members or to comply with Section 8.2(a), the Company shall not use borrowed funds to return a Member's initial Capital Contribution.

Appears in 1 contract

Samples: Operating Agreement (Broadvision Inc)

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