Common use of No Further Contributions or Loans Clause in Contracts

No Further Contributions or Loans. The liability of the Members to the Company is limited to their Capital Contributions as specified in Schedule 3.2 attached hereto, as it may be amended from time to time pursuant to Section 12.2. No additional Capital Contributions, or other funds, whether by way of contribution of capital, loan or otherwise, shall be required of any Member except by Majority Vote of the Members. No interest shall accrue on any Capital Contribution and no Member shall have the right to withdraw or be repaid any Capital Contribution except as provided in this Agreement.

Appears in 4 contracts

Samples: Operating Agreement (Onepoint Communications Corp /De), Operating Agreement (Onepoint Communications Corp /De), Operating Agreement (Onepoint Communications Corp /De)

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