Common use of No Deficit Restoration by Members Clause in Contracts

No Deficit Restoration by Members. No Member shall be required to contribute capital to the Company to restore a deficit balance in its Capital Account upon liquidation or otherwise.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Retail Opportunity Investments Corp), Limited Liability Company Agreement (Susa Partnership Lp), Limited Liability Company Agreement (Storage Usa Inc)

AutoNDA by SimpleDocs

No Deficit Restoration by Members. No Member shall be required to contribute capital to the Company to restore a deficit balance in its such Member’s Capital Account upon liquidation or otherwise.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Q2Earth Inc.), Limited Liability Company Agreement (Q2Earth Inc.)

No Deficit Restoration by Members. No Member shall be required to contribute capital to the Company to restore a deficit balance in its Capital Account upon liquidation or otherwise. ARTICLE V-- DISTRIBUTIONS.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Boykin Lodging Co)

AutoNDA by SimpleDocs

No Deficit Restoration by Members. No Notwithstanding anything to the contrary in this Agreement, no Member shall be required to contribute capital to the Company to restore a deficit balance in its Capital Account upon liquidation or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Jernigan Capital, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!