Common use of No Deficit Makeup Clause in Contracts

No Deficit Makeup. Notwithstanding anything herein to the contrary, upon liquidation of the Trust, no Unitholder shall be required to make any Capital Contribution to the Trust in respect of any deficit in such Unitholder’s Capital Account.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Cushing MLP Infrastructure Fund II), Agreement and Declaration of Trust (Cushing MLP Infrastructure Master Fund), Agreement and Declaration (Cushing MLP Infrastructure Fund)

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No Deficit Makeup. Notwithstanding anything herein to the contrary, upon the liquidation of the Trust, no Unitholder shall be required to make any Capital Contribution contribution to the Trust in respect of any deficit in such Unitholder’s 's Capital Account.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (NT Equity Long/Short Strategies Fund)

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