Common use of Partnership Capital Clause in Contracts

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Partner shall be paid interest on any Capital Contribution to the Partnership. (b) No Partner shall have the right to withdraw all or any part of its Capital Contribution or to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Easy Gardener Products LTD), Limited Partnership Agreement (Golfsmith International Holdings Inc), Limited Partnership Agreement (Fiber Glass Systems Lp)

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Partnership Capital. Except as specifically provided herein, (a) Except as may be otherwise specifically provided in this Agreement, no Partner shall be paid interest on any Capital Contribution to the Partnership. (b) No Partner shall have the right to withdraw all or any part of its Capital Contribution or to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to withdraw, or receive any return of, its Capital Contribution and (b) no Capital Contribution may be contributed or returned in the form of property other than cash.

Appears in 4 contracts

Samples: Partnership Agreement, Partnership Agreement (Dividend Capital Total Realty Trust Inc.), Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Partner No interest shall be paid interest by the Partnership on any Capital Contribution capital contributions to the PartnershipPartnership or on capital account balances. (b) No Partner shall have the right to withdraw all or any part of its Capital Contribution his capital contribution to the Partnership or his capital account, or to receive any return on of any portion of its Capital Contributionhis capital contribution or his capital account, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving Loans from a return of any Capital Contribution, no Partner to the Partnership shall have the right to receive property other than cashnot be considered capital contributions.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Ply Gem Industries Inc), Limited Partnership Agreement (Ply Gem Industries Inc)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no A. No Partner shall be paid interest on any Capital Contribution to the PartnershipPartnership or on such Partner's Capital Account, notwithstanding any disproportion therein as between Partners. (b) No B. The Partnership shall not redeem or repurchase any Partner's Partnership Units, and no Partner shall have the right to withdraw all or any part of its Capital Contribution from the Partnership, except as provided in Section 6.1, or to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Partnership Agreement (Rc Cobb Inc)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Partner No interest shall be paid interest by the Partnership on any Capital Contribution Contributions to the PartnershipPartnership or on Capital Account balances. (b) No Partner shall have the right to withdraw all or any part of its such Partner’s Capital Contribution to the Partnership or such Partner’s Capital Account, or to receive any return on of any portion of its such Partner’s Capital ContributionContribution or Capital Account, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ruth's Chris Steak House Texas, L.P.)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no A. No Partner shall be paid interest on any Capital Contribution to the PartnershipInvestment. (b) B. No Partner shall have the right to withdraw all withdraw, or any part of its Capital Contribution or to receive any return on any portion of its of, his Capital ContributionInvestment, except as may be otherwise specifically provided in this Agreementherein. (c) C. Under circumstances involving requiring a return of any Capital ContributionInvestment, no Partner shall have the right to receive property other than cash, except as may be specifically provided herein.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Arvida JMB Partners L P)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Partner No interest shall be paid interest by the Partnership on any Capital Contribution Contributions to the PartnershipPartnership or on Capital Account balances. (b) No Partner shall have the right to withdraw all or any part of its such Partner’s Capital Contribution to the Partnership or such Partner’s Capital Account, or to receive any return on of any portion of its such Partner’s Capital ContributionContribution or Capital Account, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash, except as may be specifically provided in this Agreement. (d) Loans from a Partner to the Partnership shall not be considered Capital Contributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ruth's Chris Steak House Texas, L.P.)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no A. No Partner shall be paid interest on any Capital Contribution to the PartnershipPartnership or on such Partner's Capital Account, notwithstanding any disproportion therein as between Partners. (b) No B. The Partnership shall not redeem or repurchase any Partner's Interest, except as provided in Section 7.4, and no Partner shall have the right to withdraw all or any part of its Capital Contribution or to receive any return on any portion of its Capital Contributionfrom the Partnership, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a Section 6.1, or, receive any return of any Capital Contribution, no Partner shall have the right to receive property other than cashexcept as provided in Section 3.4.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ml Media Partners Lp)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Partner shall be paid interest on any Capital Contribution to the Partnership. (b) No Partner shall have the right to demand or withdraw all or any part of its Capital Contribution or to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash. (d) Except as otherwise expressly provided herein, no Partner shall have any priority over any other Partner as to the return of its contributions to capital or as to compensation byway of income.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cornell Corrections of Rhode Island, Inc.)

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Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Partner shall be paid interest on any Capital Contribution to the Partnership. (b) No Partner shall have the right to demand or withdraw all or any part of its Capital Contribution or to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash. (d) Except as otherwise expressly provided herein, no Partner shall have any priority over any other Partner as to the return of its contributions to capital or as to compensation by way of income.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cornell Corrections of Rhode Island, Inc.)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no No Partner shall be paid interest on any Capital Contribution to the Partnership. (b) No Partner shall have the right to withdraw all or any part of its Capital Contribution or to receive any return on of any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. The obligations of the Partners to contribute Capital Contributions are personal to the Partners and may not be enforced by any third party. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ashton Houston Residential L.L.C.)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreementherein, no Partner shall (i) be paid interest on any Capital Contribution to the Partnership. Contributions, (bii) No Partner shall have the right to withdraw or be repaid all or any part of its his Capital Contribution Contributions, or to receive any return on any portion of its Capital Contribution, except as may be otherwise specifically provided in this Agreement. (ciii) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property receive, as a Distribution or return of capital, Property other than cash.

Appears in 1 contract

Samples: Limited Partnership Agreement (National Auto Finance Co Inc)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no A. No Partner shall be paid interest on any his Capital Contribution to the Partnership. (b) , on his Capital Account or on his Special Deemed Capital Account, as the case may be. B No Partner shall have the right to withdraw all or any part of its his Capital Contribution or to receive any return on of any portion of its his Capital Contribution, except as may be otherwise specifically provided for herein or in this Agreementthe Act. (c) Under circumstances involving a return of any Capital Contribution, no Partner shall have the right to receive property other than cash.

Appears in 1 contract

Samples: Limited Partnership Agreement (Telco Systems Inc /De/)

Partnership Capital. (a) Except as may be otherwise specifically provided in this Agreement, no Partner No interest shall be paid interest by the Partnership on any Capital Contribution capital contributions to the PartnershipPartnership or on capital account balances. (b) No Partner shall have the right to withdraw all or any part of its Capital Contribution his capital contribution to the Partnership or his capita] account, or to receive any return on of any portion of its Capital Contributionhis capital contribution or his capital account, except as may be otherwise specifically provided in this Agreement. (c) Under circumstances involving Loans from a return of any Capital Contribution, no Partner to the Partnership shall have the right to receive property other than cashnot be considered capital contributions.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ply Gem Industries Inc)

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