No Interest, Etc Sample Clauses

The "No Interest, Etc" clause establishes that no interest, fees, or similar charges will accrue or be payable on amounts due under the agreement unless specifically provided for elsewhere. In practice, this means that if a party is late in making a payment, they are not automatically required to pay additional interest or penalties unless the contract explicitly states otherwise. This clause serves to prevent unexpected financial liabilities and ensures that parties are only responsible for the principal amounts owed, thereby promoting transparency and predictability in financial obligations.
No Interest, Etc. No Partner shall be entitled to (i) receive any interest or other compensation on or with respect to its Capital Contributions or withdraw any part of its capital contributions or receive any distribution, except as provided in Sections 9 and 19 hereof; or (ii) demand or receive any property from the Partnership other than cash.
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Related to No Interest, Etc

  • No Interest Unless the Members unanimously agree otherwise, no interest shall accrue on any un-withdrawn distribution.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

  • No Interest on Capital No Partner shall be entitled to interest on its Capital Contributions or its Capital Account.

  • No Interest on Capital Contributions Members are not entitled to interest or other compensation for or on account of their capital contributions to the Company except to the extent, if any, expressly provided in this Agreement.

  • No Interest; No Return No Partner shall be entitled to interest on its Capital Contribution or on such Partner’s Capital Account. Except as provided herein or by law, no Partner shall have any right to demand or receive the return of its Capital Contribution from the Partnership.