Common use of No Interest Payable Clause in Contracts

No Interest Payable. No Member shall receive any interest on any of its Capital Contributions except for such Member’s Operating Return.

Appears in 13 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (CNL Growth Properties, Inc.), Limited Liability Company Agreement (CNL Growth Properties, Inc.)

AutoNDA by SimpleDocs

No Interest Payable. No Member shall receive any interest on any of its Capital Contributions except for such Member’s Operating Return. The Operating Return shall not be deemed interest.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.), Limited Liability Company Agreement (CNL Growth Properties, Inc.)

AutoNDA by SimpleDocs

No Interest Payable. No Member shall receive any interest on any of its Capital Contributions except for such Member’s Contributions. The Operating ReturnReturn shall not be deemed interest.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)

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