Common use of No Deficit Capital Account Make-Up Clause in Contracts

No Deficit Capital Account Make-Up. Notwithstanding any other provision in this Agreement, no Partner shall have an obligation to the Partnership, to the other Partners or to third parties to restore a negative Capital Account balance during the existence of the Partnership or upon the dissolution or termination of the Partnership.

Appears in 7 contracts

Samples: Agreement (Marietta Surgical Center, Inc.), Agreement (Marietta Surgical Center, Inc.), Agreement (Marietta Surgical Center, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.