Rights of Participants in Capital. (a) No Participant is entitled to interest on any contributions made pursuant to this Agreement. (b) No Participant has the right to the return of any contribution made pursuant to this Agreement except (i) upon a withdrawal by a Participant pursuant to Section 6.2 or (ii) upon the termination of this Agreement pursuant to Section 7.1. The entitlement to any such return at such time is limited to the value of the Capital Account of such Participant.
Appears in 4 contracts
Samples: Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.), Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.), Joint Venture and Investment Management Agreement (Third Point Reinsurance Ltd.)
Rights of Participants in Capital. (a) No Participant is entitled to interest on any contributions made pursuant to this Agreement.
(b) No Participant has the right to the return of any contribution made pursuant to this Agreement except (i) upon a withdrawal by a Participant pursuant to Section 6.2 5.2 or (ii) upon the termination of this Agreement pursuant to Section 7.16.1. The entitlement to any such return at such time is limited to the value of the Capital Account of such the Participant.
Appears in 3 contracts
Samples: Third Amended and Restated Agreement (Greenlight Capital Re, Ltd.), Agreement (Greenlight Capital Re, Ltd.), Agreement (Greenlight Capital Re, Ltd.)
