Common use of Withdrawal and Return of Capital Clause in Contracts

Withdrawal and Return of Capital. Except as provided in Sections 4.1, -------------------------------- 6.2 and 7.3, (i) no Partner may withdraw any portion of its Capital Contribution without the prior consent of the General Partner and a Majority-In-Interest of the Limited Partners and (ii) no Partner shall be entitled to a return of such Partner's Capital Contribution.

Appears in 2 contracts

Samples: Partnership Agreement (Hollywood Park Fall Operating Co), Agreement of Limited Partnership (Hollywood Park Inc/New/)

AutoNDA by SimpleDocs

Withdrawal and Return of Capital. Except as provided in Sections 4.1, -------------------------------- 6.2 and 7.3, (i) no Partner may withdraw any portion of its Capital Contribution without the prior consent of the General Partner and a Majority-In-Interest of the Limited Partners and (ii) no Partner shall be entitled to a return of such Partner's ’s Capital Contribution.

Appears in 1 contract

Samples: Partnership Agreement (St Louis Casino Corp)

AutoNDA by SimpleDocs

Withdrawal and Return of Capital. Except as provided in Sections -------------------------------- 4.1, -------------------------------- 6.2 and 7.3, (i) no Partner may withdraw any portion of its Capital Contribution without the prior consent of the General Partner and a Majority-In-In- Interest of the Limited Partners and (ii) no Partner shall be entitled to a return of such Partner's Capital Contribution.

Appears in 1 contract

Samples: Partnership Agreement (Switzerland County Development Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!