No Obligation to Restore. The Manager shall have no obligation to restore a negative balance in its Capital Account.
No Obligation to Restore. Notwithstanding anything to the contrary in this Agreement, no Member shall have any obligation to make any capital contributions for the purpose of eliminating or diminishing a negative Capital Account balance and a negative Capital Account balance shall not be considered a liability owed by such Member to the Company or to any other person for any purpose whatsoever.
No Obligation to Restore. In the event of partial or total destruction or damage to the Premises or any Dwelling the Director has no obligation to reinstate or restore the Premises or Dwelling.
No Obligation to Restore. Notwithstanding anything to the contrary in this Agreement, upon a liquidation within the meaning of Treasury Regulation Section 1.704-1(b)(2), if either Member has a deficit in its Capital Account (after giving effect to all contributions, distributions, allocations and other Capital Account adjustment for all taxable years, including the year during which such liquidation occurs), the Member shall have no obligation to make any Capital Contribution for the purposes of eliminating or diminishing its negative Capital Account balance and its negative Capital Account balance shall not be considered a debt owned by such Member to the Company or to any other person for any purpose whatsoever.
No Obligation to Restore. In no event shall Lessor be obligated to repair, restore or replace any fixtures, improvements, alterations or other property for or on which Lessee carries or should have carried appropriate insurance, regardless of whether or not Lessee receives any insurance settlement on its claim or claims thereunder.
No Obligation to Restore. 54 Notwithstanding anything herein to the contrary, no Member shall be obligated to restore a deficit in its Capital Account.
No Obligation to Restore. The Government may at its sole discretion, during the term and for a reasonable time thereafter, remove any improvements placed upon the property during the term. Alternatively, the Government may abandon such improvements following expiration of the term, in which case the improvements so abandoned shall become the property of the Lessor. Regardless, the Government shall have no obligation to restore the leased premises to any prior- existing condition.
No Obligation to Restore. Nothing herein shall be construed to require any Member to restore any negative balance in such Member’s Capital Account, upon a liquidation of the Company within the meaning of § 1.704-1(b)(2)(ii)(g) of the Regulations or otherwise, and the negative balance of any Member’s Capital Account shall not be considered a debt owed by the Member to the Company or to any other Person for any purpose whatsoever.
No Obligation to Restore. If Lessor elects to repair and restore, Lessor will restore the Premises to substantially its condition to that prior to the occurrence or damage, provided that Lessor will not be obligated to repair or restore any alterations, additions, fixtures, equipment or improvements which have been installed by Lessee, whether or not Lessee has the right or obligation to remove the same or is required to leave the same on the Premises as of the expiration or earlier termination of this Lease, unless Lessee, in a manner satisfactory to Lessor, assures payment in full of all costs as may be incurred by Lessor in connection therewith. If there be any such alterations, fixtures, additions equipment or improvements installed by Lessee and Lessee does not assure or agree to assure payment of all cost of restoration or repair as aforesaid, Lessor will have the right to determine the manner in which the Premises will be restored so as to be substantially as the Premises existed prior to the damage occurring of this Lease, as if such alterations, additions, fixtures, equipment or improvements installed by Lessee had not then been made or installed.
No Obligation to Restore. No Member shall have any obligation with respect to any deficit in such Member's Capital Account, either to restore the same or otherwise.
