Common use of Restriction on Withdrawals Clause in Contracts

Restriction on Withdrawals. No Partner shall have any right to withdraw any amount or receive any Distribution from the Partnership except as expressly provided for in this Agreement and as permitted by applicable law, but all Partners agree to any withdrawal by any other Partner including any total or partial withdrawal of the contribution of a Partner to the capital of the Partnership if such is authorized by the General Partner and is permitted by applicable law. No Partner shall have the right to receive interest on its share of the Capital Account.

Restriction on Withdrawals. No Partner shall will have any right to withdraw any amount or receive any Distribution distribution from the Partnership except except, to the extent permitted by law, (a) as expressly provided for in this Agreement and as permitted by applicable lawAgreement, but or (b) provided all Partners agree to any such withdrawal or receipt by any other Partner including any total or partial withdrawal of the contribution of a Partner to the capital of the Partnership if such is authorized by the General Partner and is permitted by applicable law. No Partner shall have the right to receive interest on its share of the Capital AccountPartner.