Common use of Deficit Accounts Clause in Contracts

Deficit Accounts. No Member shall have any obligation to restore any negative balance in its capital account upon liquidation of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Davidson M H & Co Inc/), Operating Agreement (Stonehill Institutional Partners Lp)

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Deficit Accounts. No Member shall have any obligation to restore any negative balance in its capital account Capital Account upon liquidation of the Company.

Appears in 1 contract

Samples: Operating Agreement (Merit Partners LLC)

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Deficit Accounts. No Member shall have any obligation to ----------------- restore any negative balance in its capital account upon liquidation of the Company.

Appears in 1 contract

Samples: Operating Agreement (Angelo Gordon & Co Lp)

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