Common use of No Interest Payable Clause in Contracts

No Interest Payable. No Partner shall be entitled to receive interest on the amount of its capital Contribution or any balance in its current account from the Limited Partnership. No Partner shall be liable to pay interest to the Limited Partnership on any negative balance of capital or on any negative balance in its current account.

Appears in 1 contract

Sources: Limited Partnership Agreement

No Interest Payable. No Notwithstanding any other provision hereof, no Limited Partner shall be entitled to receive interest on the amount of its capital Contribution or any balance in its current account Contributed Capital from the Limited Partnership. No Limited Partner shall be liable to pay interest to the Limited Partnership on any negative balance of capital or on any negative balance in its current accountContributed Capital.

Appears in 1 contract

Sources: Limited Partnership Agreement