Deficit Capital Account Balances. Upon liquidation of the Company, no Member with a deficit balance in his Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/)
Deficit Capital Account Balances. Upon liquidation of the Company, no Member with a deficit balance in his its Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/)
Deficit Capital Account Balances. Upon liquidation of the Companya Member’s Company Interest, no Member with a deficit balance in his its Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the Company.
Appears in 1 contract
Deficit Capital Account Balances. Upon liquidation of the Company, no No Member with a deficit balance in his its Adjusted Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the CompanyCompany on account thereof, and such negative balance shall not be considered an asset of the Company or of any Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Deficit Capital Account Balances. Upon liquidation of the Company, no No Member with a deficit balance in his its Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the CompanyCompany on account thereof, and such negative balance shall not be considered an asset of the Company or of any Member.
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