Member’s Obligation to Repay or Restore. 1. Except as required by law or the terms of this Agreement, no Member shall be obligated at any time to repay or restore to the Company all or any part of any distribution made to it from the Company in accordance with the terms of this Article 7 or Article 10, and shall not be obligated at any time to restore or repay any deficit in such Member’s Capital Account.
Appears in 8 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Member’s Obligation to Repay or Restore. 1. Except as required by law or the terms of this Agreementlaw, no Member shall be obligated at any time to repay or restore to the Company all or any part of any distribution made to it from the Company in accordance with the terms of this Article 7 or Article 10, and shall not be obligated at any time to restore or repay any deficit in such Member’s Capital AccountIX.
Appears in 3 contracts
Samples: Operating Agreement (Agritope Inc), Operating Agreement (Epitope Inc/Or/), Operating Agreement (Agritope Inc)
Member’s Obligation to Repay or Restore. 1. Except as required by law or the terms of this Agreement, no n o Member shall be obligated at any time to repay or restore to the Company all or any part of any distribution made to it from the Company in accordance with the terms of this Article 7 or Article 10, and shall not be obligated at any time to restore or repay any deficit in such Member’s Capital Account.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Member’s Obligation to Repay or Restore. 1. Except as required by law or the terms of this Agreementlaw, no Member shall be obligated at any time to repay or restore to the Company all or any part of any distribution made to it from the Company in accordance with the terms of this Article 7 or Article 10, and shall not be obligated at any time to restore or repay any deficit in such Member’s Capital Account7.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Member’s Obligation to Repay or Restore. 1. Except as required by law or the terms of this Agreement, no the Member shall not be obligated at any time to repay or restore to the Company all or any part of any distribution made to it from the Company in accordance with the terms of this Article 7 Section 6 et seq. or Article 10, and shall not be obligated at any time to restore or repay any deficit in such Member’s Capital AccountSection 8 et seq. below.
Appears in 1 contract
Samples: Operating Agreement (Urs Corp /New/)
