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

Interest on and Return of Capital. No Member shall be entitled to any interest on such Member’s Capital Contributions or on such Member’s contributions to the capital of the Company, and except as otherwise provided in Articles 8 and 20 hereof, no Member shall have the right to demand or to receive the return of all or any part of such Member’s Capital Account or of such Member’s contributions to the capital of the Company. The Members’ Capital Contributions may be held in interest-bearing accounts and all interest earned on the Capital Contributions shall be held for the benefit of the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (OPC Residential Properties Trust, Inc.)

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Interest on and Return of Capital. No Member shall be entitled to any interest on such Member’s its Capital Account or on its Capital Contributions or on such Member’s contributions except to the capital of the Companyextent expressly provided in this Agreement, and except as otherwise provided in Articles 8 and 20 hereof, no Member shall have the right to demand or to receive the return of all or any part of such Member’s its Capital Account or of such Member’s contributions to the capital of in the Company. The Members’ Capital Contributions may be held No Member shall have the right to demand or receive property other than cash in interest-bearing accounts and all interest earned on the Capital Contributions shall be held return for the benefit contribution of such Member to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mid America Apartment Communities Inc)

Interest on and Return of Capital. No Member shall be entitled to any interest on such Member’s its Capital Contributions or on such Member’s contributions to the capital of the CompanyAccount, and except as otherwise provided in Articles 8 and 20 hereof, no Member shall nor have the right to demand or to receive the return of all or any part of such Member’s its Capital Account Account, except as otherwise provided in Article VI or IX of such Member’s contributions to the capital of the Company. The Members’ Capital Contributions may be held in interest-bearing accounts and all interest earned on the Capital Contributions shall be held for the benefit of the Companythis Agreement.

Appears in 1 contract

Samples: Omnibus Claims Settlement Agreement (Imperial Holdings, LLC)

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Interest on and Return of Capital. No Member shall be entitled to --------------------------------- any interest on such Member’s 's Capital Contributions Account or on such Member’s 's contributions to the capital of the Company, ; and except as otherwise provided in Articles 8 10 and 20 23 hereof, no Member shall have the right to demand or to receive the return of all or any part of such Member’s 's Capital Account or of such Member’s 's contributions to the capital of the Company. The Members’ Capital Contributions may be held in interest-bearing accounts and all interest earned on the Capital Contributions shall be held for the benefit of the Company.

Appears in 1 contract

Samples: Operating Agreement (Global Payments Inc)

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