Examples of Capital Contributions in a sentence
Except as may be contemplated in written and executed legally binding documentation between the Partnership and the specific Limited Partner, no Limited Partner shall have any obligation to make additional Capital Contributions to the Partnership or be obligated to lend money to the Partnership.
Such reinvested proceeds, as well as the reinvestment of any Cash Available for Distribution, shall not be considered “investments” in the Company for the purposes of calculating Capital Contributions.
No Member shall receive any interest, salary or draw with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in this Agreement, the Management Agreement or any agreement to which the Manager subcontracts substantially all of or material aspects of certain management functions, including any sub-management agreement.
In addition, the Borrower shall deposit into a Control Account any payments and monies that Borrower receives directly from Investors as Capital Contributions in accordance with the applicable Subscription Agreement or applicable Governing Agreement.
Except as otherwise provided in Article XIX, no Member shall demand a return on or of its Capital Contributions.