Common use of Deficit Capital Account; Members’ Obligation to Repay or Restore Clause in Contracts

Deficit Capital Account; Members’ Obligation to Repay or Restore. Except as otherwise required by applicable law or the express terms of this Agreement (including paragraph 15.4(c)), no Member shall be obligated at any time to repay or restore to the Fund all or any part of any distribution made to it from the Fund in accordance with the terms of this Article 7 or Article 10.‌‌

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

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Deficit Capital Account; Members’ Obligation to Repay or Restore. Except as otherwise required by applicable law or the express terms of this Agreement (including paragraph 15.4(c))Agreement, no Member shall shall‌ be obligated at any time to repay or restore to the Fund all or any part of any distribution made to it from the Fund in accordance with the terms of this Article 7 or Article 10.‌‌10.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Deficit Capital Account; Members’ Obligation to Repay or Restore. Except as otherwise required by applicable law or the express terms of this Agreement (including paragraph 15.4(c)), no No Member shall be obligated at any time to repay or restore to the Fund Company all or any part of any distribution made to it from the Fund Company in accordance with the terms of this Article 7 5 or Article 10.‌‌9.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Landmark Infrastructure Partners LP)

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