Common use of Interest on Capital Clause in Contracts

Interest on Capital. 22. No borrowing charge or loan interest will be due or payable to any Member on any Capital Contribution or on their Capital Account despite any disproportion that may from time to time arise among the Capital Accounts of the Members.

Appears in 2 contracts

Samples: Joint Venture Agreement (Cleanspark, Inc.), Joint Venture Agreement (BorrowMoney.com, Inc.)

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Interest on Capital. 2243. No borrowing charge or loan interest will be due or payable to any Member on any Capital Contribution or on their Capital Account despite any disproportion that may from time to time arise among the Capital Accounts of the Members.

Appears in 2 contracts

Samples: Joint Venture Agreement (GEO JS Tech Group Corp.), Joint Venture Agreement (GEO JS Tech Group Corp.)

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Interest on Capital. 2219. No borrowing charge or loan interest will be due or payable to any Member on any Capital Contribution or on their Capital Account despite any disproportion that may from time to time arise among the Capital Accounts of the Members.

Appears in 1 contract

Samples: Joint Venture Agreement (Amfil Technologies, Inc.)

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