Common use of No Deficit Restoration Obligation Clause in Contracts

No Deficit Restoration Obligation. Notwithstanding anything to the contrary contained in this Exhibit or in the Agreement, no Member shall have any obligation to the Company or to any other Member to restore any deficit balance in its Capital Account to the Company except as may be required by the Act.

Appears in 3 contracts

Samples: Operating Agreement (Inland Real Estate Corp), Operating Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Retail Real Estate Trust Inc)

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No Deficit Restoration Obligation. Notwithstanding anything in this Agreement to the contrary contained in this Exhibit or in the Agreementcontrary, no Member shall have an obligation to make any obligation contributions of capital to the Company or at any time, including but not limited to any other Member an obligation to restore any a deficit balance in its Capital Account to the Company except as may be required by the Actor otherwise.

Appears in 1 contract

Samples: Share Purchase Agreement (Scripps E W Co /De)

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