No Interest on Capital Account Sample Clauses

No Interest on Capital Account. No Unitholder shall be entitled to interest on its Capital Account.
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No Interest on Capital Account. The Partnership will not pay interest on any credit balance of a capital account. Except as provided in this Agreement or the Act or similar applicable legislation in Canada, no Limited Partner is required to pay interest to the Partnership on any Capital Contribution returned to the Limited Partner.
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No Interest on Capital Account. No Partner is entitled to receive interest on the amount of its Capital Contribution or the amount reflected in its Capital Account.
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No Interest on Capital Account. Xxxxxx LP will not pay interest on any credit balance of the Capital Account of a Partner. Except as provided in this Agreement or the Act or similar applicable legislation in Canada, no Limited Partner is required to pay interest to Willow LP on any capital contribution returned to the Limited Partner or on any negative balance in its Capital Account.
Sample 1
No Interest on Capital Account. The Partnership will not pay interest on any Capital Account Balance or Capital Contribution. Except as provided in this Agreement or the Act, no Limited Partner is required to pay interest to the Partnership on any Capital Contribution returned to the Limited Partner or on any negative Capital Account Balance.
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No Interest on Capital Account. No interest shall be due from the Company on any Capital Contribution or any Capital Account.
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No Interest on Capital Account. Interest earned on the Company funds shall inure solely to the benefit of the Company, and no interest shall be paid upon any contributions to the capital of the Company, nor upon any undistributed or reinvested income or profits of the Company.
Sample 1
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No Interest on Capital Account. The Partnership will not pay interest on any credit balance of the Capital Account of a Partner.
Sample 1
No Interest on Capital Account. No interest shall accrue or be payable with respect to capital account of OPE in respect of the $6MM Investment.
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Related to No Interest on Capital Account

  • 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.

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

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

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • INTEREST ON ARREARS Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

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