Common use of Negative Balance Clause in Contracts

Negative Balance. No Member with a negative balance in such Member’s Capital Account shall have any obligation to the Company or any other Member to restore said negative balance to zero.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement, Revocation and Substitution Agreement (CareView Communications Inc), Operating Agreement (Show Me Ethanol, LLC)

AutoNDA by SimpleDocs

Negative Balance. No Member with a negative balance in such Member’s 's Capital Account shall have any obligation to the Company or any other Member to restore said negative balance to zero.

Appears in 2 contracts

Samples: Operating Agreement (DERMAdoctor, LLC), Operating Agreement (Land O Lakes Inc)

AutoNDA by SimpleDocs

Negative Balance. No A Member with a negative balance in such Member’s Capital Account shall not have any obligation to the Company or to any other Member to restore said any negative balance to zeroin the Capital Account of such Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.), Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!