Common use of Deficit Capital Account Clause in Contracts

Deficit Capital Account. Except as otherwise required in the Delaware Act or this Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account.

Appears in 2 contracts

Samples: Operating Agreement (Qualex Inc.), Operating Agreement (Insight Communications Co Inc)

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Deficit Capital Account. Except as otherwise required in the Delaware ----------------------- Act or this Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Project Orange Capital Corp)

Deficit Capital Account. Except as otherwise required in by the Delaware Act or this Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a its Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ortec International Inc)

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Deficit Capital Account. Except as otherwise required in by the Delaware Act or this Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account.

Appears in 1 contract

Samples: Operating Agreement (Victory Entertainment Corp)

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