Treatment of Capital Contributions Sample Clauses

Treatment of Capital Contributions. Except as provided in this Agreement to the contrary, no Partner shall be entitled to interest on his or its contributions to the capital of the Partnership nor shall any Partner be entitled to demand the return of all or any part of such contributions to the capital of the Partnership.
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Treatment of Capital Contributions. No Member shall be entitled to interest on its Capital Contributions nor shall any Member be entitled to demand the return of all or any part of such Capital Contributions to the capital of the Company.
Treatment of Capital Contributions. Except as otherwise specifically set forth in this Agreement, no Member shall: (a) receive any interest on its Capital Contributions or on the balance in its Capital Account; (b) have the right to withdraw or reduce its Capital Contributions or to receive any Distributions from the Company except for the Distributions to be made in accordance with this Agreement; (c) have the right to demand or receive property other than cash in return for its Capital Contributions or as Distributions; (d) be compelled to accept a Distribution of any asset in kind from the Company in lieu of a proportionate Distribution of cash being made to other Members; or (e) have priority over any other Member with respect to a return of Capital Contributions or the allocations of Profits, Losses or Distributions of Distributable Cash, except as set forth in this Agreement.
Treatment of Capital Contributions. The Partnership shall not redeem ---------------------------------- or repurchase any Interests, except as provided in Article V, below, and no Partner shall have the right to withdraw or receive any return of its capital contribution, except as provided in Sections 4.2 and 4.3. No capital contribution is required to be returned in the form of property other than cash.
Treatment of Capital Contributions. No interest will be paid by the Company on capital contributions. No Member shall be entitled to the withdrawal or return of its contributions to the capital of the Company, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Company may be considered as such by law and then only to the extent provided for in this Agreement.
Treatment of Capital Contributions. The Class A Shareholder acknowledges and agrees to the Capital Contributions made or deemed to have been made under Sections 3.3(a)(ii), 3.3(a)(iii) or 3.3(a)(iv) of the Diamond LLC Agreement, Sections 3.3(a)(ii) or 3.3(a)(iii) of the Garnet LLC Agreement and Sections 3.3(a)(ii) or 3.3(b)(ii) of the Topaz LLC Agreement. The Class A Shareholder further agrees that it will for all purposes treat any of such deemed Capital Contributions as having been actually made by the Person deemed to have made such Capital Contribution and received by the Person deemed to have received such Capital Contribution, crediting and debiting relevant books, records and accounts as would be necessary if such Capital Contributions had actually been made and received. The Class A Shareholder shall not take a position contrary to, or take any action inconsistent with, the treatment of Capital Contributions as described in this Section 5.4(a) (other than as required by the Transaction Documents). The Class A Shareholder shall take such actions as is reasonably requested by El Paso to evidence the treatment of Capital Contributions as described in this Section 5.4(a).

Related to Treatment of Capital Contributions

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

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