Common use of Partner Capital Clause in Contracts

Partner Capital. Except as otherwise provided in this Agreement: (a) no Partner shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account and (b) no Partner shall withdraw any portion of its Capital Contributions or receive any distributions from the Partnership as a return of capital on account of such Capital Contributions.

Appears in 5 contracts

Samples: Limited Partnership Agreement (StepStone Group Inc.), Limited Partnership Agreement (StepStone Group Inc.), Transaction Agreement (StepStone Group Inc.)

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Partner Capital. Except as otherwise provided in this AgreementAgreement or with the unanimous prior written consent of the General Partner and all Class A Limited Partners: (a) no Partner shall demand or be entitled to receive a return of or interest on its Capital Contributions or Capital Account and Account, (b) no Partner shall withdraw any portion of its Capital Contributions or receive any distributions from the Partnership as a return of capital on account of such Capital Contributions, and (c) the Partnership shall not redeem or repurchase the Interests of any Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Pacific Coast Energy Co LP)

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