Common use of Deficit Capital Account Balances Clause in Contracts

Deficit Capital Account Balances. Upon liquidation of the -------------------------------- Partnership, no Limited Partner with a deficit balance in its Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the Partnership, except to the extent such Limited Partner is personally liable to make contributions to the capital of the Partnership pursuant to Section 1.04 of this Agreement. Upon liquidation of the partnership, the General Partner shall be obligated to contribute to the capital of the Partnership within ninety (90) days after the date of such liquidation an amount equal to his deficit Capital Account balance which amount shall be paid to the creditors of the Partnership or distributed to the other Partners in accordance with their positive Capital Account balances.

Deficit Capital Account Balances. Upon liquidation of the -------------------------------- Partnership, no Limited Partner with a deficit balance in its Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the Partnership, except to the extent such Limited Partner is personally liable to make contributions to the capital of the Partnership pursuant to Section 1.04 Article III of this Agreement. Upon liquidation of the partnershipPartnership, the General Partner shall be obligated to contribute to the capital of the Partnership within ninety (90) 90 days after the date of such liquidation an amount equal to his its deficit Capital Account balance balance, which amount shall be paid to the creditors of the Partnership or distributed to the other Partners in accordance with their positive Capital Account balances.

Deficit Capital Account Balances. Upon liquidation of the -------------------------------- Partnership, no Limited Partner with a deficit balance in its Capital Account shall have any obligation to restore such deficit balance, or to make any contribution to the capital of the Partnership, except to the extent such Limited Partner is personally liable to make contributions to the capital of the Partnership pursuant to Section 1.04 Article III of this Agreement. Upon liquidation of the partnershipPartnership, the General Partner Partners shall be obligated to contribute to the capital of the Partnership within ninety (90) 90 days after the date of such liquidation an amount equal to his its deficit Capital Account balance balance, which amount shall be paid to the creditors of the Partnership or distributed to the other Partners in accordance with their positive Capital Account balances.