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 Account or on such Member's contributions to the capital of the Company; and except as otherwise provided in Articles 10 and 23 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.

Appears in 1 contract

Samples: Operating Agreement (Global Payments 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 such Member's contributions to the capital of the Company; and except as otherwise provided in Articles 10 and 23 hereofAccount, 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 Companythis Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Imperial Holdings, LLC)

Interest on and Return of Capital. No Member shall be entitled to --------------------------------- any interest on such Member's its Capital Account or on such Member's contributions its Capital Contributions except to the capital of the Company; and except as otherwise extent expressly provided in Articles 10 this Agreement, and 23 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 in the Company. No Member shall have the right to demand or receive property other than cash in return for the contribution of such Member's contributions Member to the capital of the Company.

Appears in 1 contract

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

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Interest on and Return of Capital. No Member shall be entitled to --------------------------------- any interest on such Member's ’s Capital Account Contributions or on such Member's ’s contributions to the capital of the Company; , and except as otherwise provided in Articles 10 8 and 23 20 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: Limited Liability Company Operating Agreement (OPC Residential Properties Trust, Inc.)

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