Common use of No Deficit Make-Up Clause in Contracts

No Deficit Make-Up. No Member shall be obligated to the Company or to any other Member solely because of a deficit balance in such Member’s Capital Account.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Operating Agreement (Hallmark Financial Services Inc)

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No Deficit Make-Up. No Member shall be obligated to the Company or to ------------------ any other Member solely because of a deficit balance in such Member’s 's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pacific Aerospace & Electronics Inc)

No Deficit Make-Up. No Member shall be obligated to the Company Company, or to any other Member solely because of a deficit balance in such Member’s 's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cross Media Marketing Corp)

No Deficit Make-Up. No Except as otherwise expressly provided herein, no Member shall will be obligated to the Company Company, or to any other Member Member, solely because of a deficit balance in such Member’s Capital AccountAccount nor will any Member be required to restore a negative balance, or make any Capital Contribution to the Company by reason thereof.

Appears in 1 contract

Samples: Operating Agreement

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No Deficit Make-Up. No Member shall be obligated to the Company ------------------ or to any other Member solely because of a deficit balance in such Member’s 's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pacific Aerospace & Electronics Inc)

No Deficit Make-Up. No Except as otherwise expressly provided herein, no Member shall will be obligated to the Company Company, or to any other Member Member, solely because of a deficit balance in such Member’s capital account nor will any Member be required to restore a negative balance, or make any Capital AccountContribution to the Company by reason thereof.

Appears in 1 contract

Samples: Operating Agreement

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