Common use of No Deficit Contribution Obligation Clause in Contracts

No Deficit Contribution Obligation. No Member shall have any obligation, upon a liquidation, to make any Capital Contribution for purposes of eliminating or diminishing any negative balance in such Member’s Capital Account.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Georesources Inc), Limited Liability Company Agreement (Stonemor Partners Lp), Limited Liability Company Agreement (Hiland Partners, LP)

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No Deficit Contribution Obligation. No Member shall have any obligation, upon a liquidation, to make any Capital Contribution for purposes of eliminating or diminishing any negative balance in such Member’s 's Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)

No Deficit Contribution Obligation. No Member shall have any obligation, upon a liquidation, to make any Capital Contribution for purposes of eliminating or diminishing any negative balance in such Member’s 's Capital Account.. ARTICLE 17

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hiland Partners, LP), Limited Liability Company Agreement (Hiland Holdings GP, LP)

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No Deficit Contribution Obligation. No The Sole Member shall have no any obligation, upon a liquidation, to make any Capital Contribution for purposes of eliminating or diminishing any negative balance in such the Sole Member’s Capital Accountcapital account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stonemor Partners Lp)

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