No Capital Contribution Upon Dissolution. Each Partner shall look solely to the assets of the Partnership for all distributions with respect to the Partnership, its Capital Contribution thereto, its Capital Account, its share of Net Profits or Net Losses or other items and shall have no recourse therefor (upon dissolution or otherwise) against any Partner. No Partner shall be obligated to restore to the Partnership any negative balance that may exist or continue in such Partner's Capital Account.
Appears in 24 contracts
Samples: Limited Partnership Agreement (Leasehold Resource Group LLC), Limited Partnership Agreement (Pm Management Inc), Limited Partnership Agreement (Leasehold Resource Group LLC)
