No Interest; No Return Sample Clauses
The "No Interest; No Return" clause establishes that any funds or payments held under the agreement will not accrue interest and are not subject to return unless specifically provided for elsewhere in the contract. In practice, this means that if a party pays a deposit or advance, they cannot expect to receive interest on that amount, nor can they demand its return except as explicitly stated. This clause serves to clarify the financial expectations between parties, preventing disputes over interest claims or the return of funds, and ensuring that the handling of payments is straightforward and unambiguous.
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No Interest; No Return. No Partner shall be entitled to interest on its Capital Contribution or on such Partner’s Capital Account. Except as provided herein or by law, no Partner shall have any right to demand or receive the return of its Capital Contribution from the Partnership.
No Interest; No Return. No Holder shall be entitled to interest on its Capital Contribution or on such Holder’s Capital Account. Except as provided herein or by law, no Holder shall have any right to demand or receive the return of its Capital Contribution from the Partnership.
No Interest; No Return. Except as expressly provided for in this Agreement or in a Partnership Unit Designation attached as a schedule to an amendment to this Agreement specifying the terms, conditions, rights, preferences and privileges of any class or series of Preferred Units, no Partner shall have the right to demand or to receive the return of all or any part of its Capital Contributions to the Partnership. No Partner shall have the right to demand or receive property other than cash in return for the contributions of such Partner to the Partnership.
No Interest; No Return. No Member shall be entitled to interest on its Capital Contribution or on such Member’s Capital Account. Except as provided herein or by law, no Member shall have any right to demand or receive the return of its Capital Contribution from the Company.
No Interest; No Return. No Member shall be entitled to interest on its Capital Contribution or on such Member’s Capital Account balance. Except as provided by this Agreement, any Unit Designation, or by Law, no Member shall have any right to demand or receive a withdrawal or the return of its Capital Contribution from the Company. Except to the extent provided in this Agreement or in any Unit Designation, no Member shall have priority over any other Member as to distributions or the return of Capital Contributions. 1 Note that the Sellers under the Business Combination Agreement have proposed issuing certain Units in the OpCo as described in the Management Incentive Plan Term Sheet, and as generally agreed to under the Business Combination Agreement. Parties to make applicable agreed upon changes to this Agreement to effect such issuances in the interim period prior to closing of the business combination.
No Interest; No Return. No Partner shall be entitled to interest on any Capital Contribution or such Partner’s Capital Account. Except as otherwise provided herein or required by law, the Capital Contribution of each Partner will be returned to that Partner only in the manner and to the extent provided in Article V and Article XIII hereof, and no Partner may withdraw from the Partnership or otherwise have any right to demand or receive the return of its Capital Contribution to the Partnership, except as specifically provided herein or required by law. Under circumstances requiring a return of any Capital Contribution, no Partner shall have the right to receive property other than cash, except as specifically provided herein or required by law. The General Partner shall not be liable for the return of any portion of the Capital Contribution of any Limited Partner, and the return of such Capital Contributions shall be made solely from Partnership assets.
No Interest; No Return. No Investor shall be entitled ---------------------- to interest on its Capital Contribution or on such Investor's Capital Account. Except as provided herein or by law, no Investor shall have any right to demand or receive the return of its Capital Contribution from the Partnership.
No Interest; No Return. No Member shall be entitled to interest on its Capital Contribution or on such Member's Capital Account. Further, except as otherwise provided in this Agreement, additional Capital Contributions shall not affect any Holder's or Member's right to profit, gain, loss or distributions under this Agreement. Except as provided herein or by law, no Member shall have any right to demand or receive the return of its Capital Contribution from the Company. Notwithstanding anything to the contrary in this Agreement, all distributions provided for or permitted under this Agreement shall constitute equity capital or a return on equity capital and not interest or any other fee or charge in the nature of interest. Further, (i) if, in strict accordance with the provisions of this Agreement, at any time the Company does agree to pay a Member any amount which is determined by a court of competent jurisdiction to be interest or any other fee or charge in the nature of interest, then in no event shall such amount exceed the highest rate permissible under any law to which such payment is subject and (ii) if it should be determined by a court of competent jurisdiction that any Member has contracted for any rate of interest in excess of the highest lawful rate, then such rate shall be reduced to the highest lawful rate so that in no event shall amounts be charged or received which are in excess of the highest lawful rate,
No Interest; No Return. No Partner shall be entitled to interest on its Capital Contribution or on such Partner’s Capital Account; provided, that this shall not limit the right of the Series A Preferred Partners to receive the Preferred Return with respect to their Series A Preferred Units. Except as expressly provided herein or by law, no Partner shall have with respect to any Partnership Units any right to demand or receive the return of its Capital Contribution from the Partnership.