No Deficit Restoration Obligation. Except as provided in Section 14.6, at no time during the term of the Fund or upon dissolution and liquidation thereof shall a Shareholder with a negative balance in his, her or its Capital Account have any obligation to the Fund or the other Shareholders to restore such negative balance, except as may be required by law.
Appears in 9 contracts
Samples: LLC Operating Agreement (Ridgewood Energy v Fund LLC), LLC Operating Agreement (Ridgewood Energy Q Fund LLC), LLC Operating Agreement (Ridgewood Energy O Fund LLC)
No Deficit Restoration Obligation. Except as provided in Section 14.614.7, at no time during the term of the Fund or upon dissolution and liquidation thereof shall a Shareholder with a negative balance in his, her or its Capital Account have any obligation to the Fund or the other Shareholders to restore such negative balance, except as may be required by law.
Appears in 4 contracts
Samples: LLC Operating Agreement (Ridgewood Energy K Fund LLC), LLC Operating Agreement (Ridgewood Energy L Fund LLC), LLC Operating Agreement (Ridgewood Energy L Fund LLC)
