Common use of No Deficit Restoration by Partners Clause in Contracts

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

Appears in 3 contracts

Samples: Limited Partnership Agreement (DCT Chino LLC), Limited Partnership Agreement (DCT Chino LLC), Limited Partnership Agreement (DCT Chino LLC)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Limited Partnership Agreement (U-Store-It Trust)

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