Common use of Interest on and Return of Capital Contributions Clause in Contracts

Interest on and Return of Capital Contributions. No interest shall be paid by the Company in respect of any Member’s Capital Contribution. Except as otherwise provided herein or in the Act, no Member shall have the right to withdraw or to receive a return of its Capital Contribution.

Appears in 6 contracts

Sources: Limited Liability Company Agreement (TC3 Health, Inc.), Operating Agreement (TC3 Health, Inc.), Limited Liability Company Agreement (TC3 Health, Inc.)

Interest on and Return of Capital Contributions. No (a) Except as provided herein, no interest shall be paid by the Company in respect of any Member’s Capital ContributionContributions or Capital Account. However, all interest that accrues on Company funds shall be allocated and credited to the Members in accordance with Article V. (b) Except as otherwise provided herein or in the Actherein, no Member shall have the right to withdraw or to receive a return of its Capital Contribution.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Black Ridge Oil & Gas, Inc.)