Common use of Liabilities of Managers for Contributions Clause in Contracts

Liabilities of Managers for Contributions. The Managers shall not be personally liable for the return of any portion of the Contributions of the Unit Holders; the return of those Contributions shall be made solely from Company assets. The Managers shall be required to restore any deficit in their Capital Accounts on dissolution of the Company. However, except as specifically provided in the preceding sentences, the Managers shall not be required to pay to the Company or any Unit Holder any deficit in any Unit Holder’s Capital Account on dissolution or otherwise. Under the circumstances requiring a return of any Capital Contribution, no Member or Manager shall have the right to demand or receive Property other than cash except as may be specifically provided for in this Operating Agreement and the Offering Circular.