No Interest on or Right to Withdraw Capital Contributions Sample Clauses
The "No Interest on or Right to Withdraw Capital Contributions" clause establishes that partners or members are not entitled to receive interest on the capital they have contributed to the business, nor can they withdraw their contributions at will. In practice, this means that once a partner invests money or assets into the partnership or company, those funds remain committed to the business and do not accrue interest for the contributor. This clause ensures the stability of the business’s capital base by preventing premature withdrawals and clarifies that capital contributions are not treated as loans to the business, thereby reducing disputes over entitlement to interest or return of funds.
No Interest on or Right to Withdraw Capital Contributions. No interest shall be paid by Company on capital contributions or on the balance in any capital account and no Unit Holder shall have the right to withdraw its capital contribution or to demand or receive a return of its capital contribution.
No Interest on or Right to Withdraw Capital Contributions. No interest shall be paid on any Capital Contribution (excluding the Financing Commitments set forth in Article 5, to the extent contemplated therein) or on the balance in any Capital Account. No Member shall have the right to withdraw its Capital Contribution or to demand or receive a return of its Capital Contribution.
No Interest on or Right to Withdraw Capital Contributions. No interest shall be paid on any Capital Contribution to a JV Company or on the balance in any capital account of a JV Company. No Party shall have the right to withdraw its Capital Contributions or to demand or receive a return of its Capital Contribution.