Common use of Negative Capital Account Balance Clause in Contracts

Negative Capital Account Balance. The Member shall not have any obligation to the Company or any other person to restore a negative balance in its Capital Account to zero, except upon final distribution from the Company in a dissolution, liquidation, or other termination of the Company or withdrawal or termination of the Member as a “Member” of the Company.

Negative Capital Account Balance. The Member shall not have any obligation to the Company or any other person to restore a A negative balance in its any Member's Capital Account to zero, except which exists upon final distribution from the Company in a dissolution, liquidation, or other termination of the Company (after the allocation of all Profits and Losses through termination) shall not constitute a debt or withdrawal or termination liability of such Member to the Member as a “Member” Company, to any creditor of the Company, to any other Member, or to any other Person for any purpose whatsoever, and such Member shall have no obligation to make any additional capital contribution to the Company by reason of such negative balance.