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Common use of Deficit Capital Account Clause in Contracts

Deficit Capital Account. Except as otherwise required by the Act, no Member will have any liability to the Company, to any other Member or to the creditors of the Company on account of any deficit Capital Account balance.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

Deficit Capital Account. Except as otherwise required by the Act, no No Member will shall have any liability to the Company, to any other Member Member, or to the creditors of the Company on account of any deficit Capital Account balance.

Appears in 1 contract

Samples: Operating Agreement (New England Cape Gods, Inc.)