No Deficit Restoration Obligation. Notwithstanding anything herein to the contrary in this Agreement, this Agreement shall not be construed as creating a deficit restoration obligation or otherwise personally obligate any Member to make a Capital Contribution in excess of the such Member’s Capital Commitment.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Capital Southwest Corp), Limited Liability Company Operating Agreement, Operating Agreement (Capital Southwest Corp)
No Deficit Restoration Obligation. Notwithstanding anything herein to the contrary in this Agreement, this This Agreement shall not be construed as creating an obligation to restore a deficit restoration obligation or otherwise personally obligate any Member to make in a Capital Contribution in excess of the such Member’s Capital CommitmentAccount balance.
Appears in 2 contracts
Samples: Membership Interest Agreement, Operating Agreement (155 East Tropicana, LLC)
No Deficit Restoration Obligation. Notwithstanding anything herein to the contrary in this Agreementcontrary, this Agreement shall not be construed as creating a deficit restoration obligation or otherwise personally obligate any Member to make a Capital Contribution in excess of the such Capital Contribution initially made for said Member’s Capital Commitment's Units.
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No Deficit Restoration Obligation. Notwithstanding anything herein to the contrary in this Agreement, this This Agreement shall not be construed as creating an obligation to restore a deficit restoration obligation or otherwise personally obligate any Member to make in a Capital Contribution in excess of the such Member’s Capital Commitment's capital account balance.
Appears in 1 contract
Samples: Operating Agreement (Newgold Inc)
No Deficit Restoration Obligation. Notwithstanding anything herein else in this Agreement to the contrary in this Agreementcontrary, this Agreement shall not be construed as creating a deficit restoration obligation or otherwise personally obligate any Member to make a Capital Contribution capital contribution in excess of the such Member’s Capital Commitmentcapital contributions required of that Member in Article II.
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