Deficit Capital Accounts. No Member shall have any obligation to contribute or advance any funds or other property to the Company by reason of any negative or deficit balance in such Member’s Capital Account during or upon completion of winding up or at any other time except to the extent that a deficit balance is directly attributable to a distribution of cash or other property in violation of this Agreement.
Appears in 12 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Grom Social Enterprises, Inc.), Operating Agreement (World Tree Usa, LLC)
Deficit Capital Accounts. No Member shall have any obligation to contribute or advance any funds or other property to the Company by reason of any negative or deficit balance in such Member’s 's Capital Account during or upon completion of winding up or at any other time except to the extent that a deficit balance is directly attributable to a distribution of cash or other property in violation of this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Seed Equity Properties LLC), Operating Agreement (Stratford American Corp)
Deficit Capital Accounts. No Member shall will have any obligation to contribute or advance any funds or other property to the Company by reason of any negative or deficit balance in such Member’s Capital Account during or upon completion of winding up or at any other time except to the extent that a deficit balance is directly attributable to a distribution of cash or other property in violation of this Agreement.
Appears in 1 contract
Samples: Operating Agreement
