Common use of Return of Initial Capital Contributions Clause in Contracts

Return of Initial Capital Contributions. The Partnership hereby refunds and distributes (i) to Holdings the initial capital contribution made by Holdings to the Partnership along with 97.0% of any interest or profit that resulted from the investment or other use of such capital contribution, (ii) to RRMC the initial capital contribution made by RRMC to the Partnership along with 1.0% of any interest or profit that resulted from the investment or other use of such capital contribution and (iii) to the General Partner the initial capital contribution made by the General Partner to the Partnership along with 2.0% of any interest or profit that resulted from the investment or other use of such capital contribution.

Appears in 2 contracts

Sources: Contribution, Conveyance and Assumption Agreement (Rose Rock Midstream, L.P.), Contribution, Conveyance and Assumption Agreement (Rose Rock Midstream, L.P.)