Common use of Members’ Rights and Obligations Regarding Capital Contributions Clause in Contracts

Members’ Rights and Obligations Regarding Capital Contributions. No interest shall be paid by the Company on any Capital Contribution except as specifically provided in this Agreement. A Member shall not be entitled to demand the return of, or to withdraw, any part of its Capital Contributions or its Capital Account, or to receive any distribution, except as provided in this Agreement. No Member shall be liable for the return of the Capital Contributions of any other Member or the payment of interest thereon. No Member shall be obligated or permitted to make any contributions to the capital of the Company other than the Capital Contributions provided for in this Article III.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership), Framework Agreement (MPG Office Trust, Inc.), Limited Liability Company Agreement (Maguire Properties Inc)

AutoNDA by SimpleDocs

Members’ Rights and Obligations Regarding Capital Contributions. No interest shall be paid by the Company on any Capital Contribution except as specifically provided in this Agreementherein. A Member shall not be entitled to demand the return of, or to withdraw, any part of its Capital Contributions or its Capital Account, or to receive any distribution, except as provided in this Agreement. No Member shall be liable for the return of the Capital Contributions of any other Member or the payment of interest thereon. No Member shall be obligated or permitted to make any contributions to the capital of the Company other than the Capital Contributions provided for in this Article III.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Regency Centers Corp)

Members’ Rights and Obligations Regarding Capital Contributions. No interest shall be paid by the Company on any Capital Contribution except as specifically provided in this Agreementherein. A Member shall not be entitled to demand the return of, or to withdraw, any part of its Capital Contributions or its Capital Account, or to receive any distribution, except as provided in this Agreement. No Member shall be liable for the return of the Capital Contributions of any other Member or the payment of interest thereon, except as provided in this Agreement with respect to Member Loans. No Member shall be obligated or permitted to make any contributions to the capital of the Company other than the Capital Contributions provided for in this Article III.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Regency Centers Lp)

AutoNDA by SimpleDocs

Members’ Rights and Obligations Regarding Capital Contributions. No interest shall be paid by the Company on any Capital Contribution except as specifically provided herein. Except as provided in this AgreementSECTION 3.2(d)(ii), loans to the Company by any Member shall not be considered Capital Contributions. A Member shall not be entitled to demand the return of, or to withdraw, any part of its Capital Contributions Contribution or its Capital Account, or to receive any distributionDistribution, except as provided in this Agreement. No Except as specifically provided herein or by separate agreement, no Member shall be liable for the return of the Capital Contributions Contribution of any other Member or the payment of interest thereon. No Member shall be obligated or permitted to make any contributions to the capital of the Company other than the Capital Contributions provided for in this Article IIIARTICLE 3.

Appears in 1 contract

Samples: Operating Agreement (Burnham Pacific Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!