No Further Capital Contributions. Except as expressly provided in this Agreement or with the prior written consent of all of the Members, no Member shall be required or entitled to contribute any other or further capital to the Company, nor shall any Member be required or entitled to loan any funds to the Company. No Member will have any obligation to restore any negative balance in its Capital Account at any time including upon liquidation or dissolution of the Company.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Behringer Harvard Opportunity REIT II, Inc.), Limited Liability Company Agreement (Behringer Harvard Opportunity REIT II, Inc.), Limited Liability Company Agreement (Behringer Harvard Opportunity REIT II, Inc.)
No Further Capital Contributions. Except as expressly provided in this Agreement or with the prior written consent of all of the Members, no Member shall be required or entitled to contribute any other or further capital to the Company, nor shall any Member be required or entitled to loan any funds to the Company. No Member will have any obligation to restore any negative balance in its Capital Account at any time including upon liquidation or dissolution of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc), Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc), Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc)
No Further Capital Contributions. Except as expressly provided in this Agreement or with the prior written consent of all of the Members, and subject to the provisions of this Agreement, no Member shall be required or entitled to contribute any other or further capital to the Company, nor shall any Member be required or entitled to loan any funds to the Company. No Member will have any obligation to restore any negative balance in its Capital Account at any time including upon liquidation or dissolution of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Trinity Place Holdings Inc.), Limited Liability Company Agreement (Strategic Realty Trust, Inc.), Limited Liability Company Agreement (Strategic Realty Trust, Inc.)
No Further Capital Contributions. Except as expressly provided in this Agreement or with the prior written consent of all of the Members, no Member shall be required or entitled to contribute any other or further capital to the Company, nor shall any Member be required or entitled to loan any funds to the Company. No Member will have any obligation to restore any negative or deficit balance in its Capital Account at any time including upon liquidation or dissolution of the Company, and any such negative or deficit balance shall not be deemed an asset of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Prime Group Realty Trust)
No Further Capital Contributions. Except as expressly provided in this Agreement with respect to Required Capital Contributions or with the prior written consent of all of the Members, no Member shall be required or entitled to contribute any other or further capital to the Company, nor shall any Member be required or entitled to loan any funds to the Company. No Member will have any obligation to restore any negative balance in its Capital Account at any time including including, without limitation, upon liquidation or dissolution of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ACP Watermark Investment LLC)
No Further Capital Contributions. Except as expressly provided in this Agreement or with the prior written consent of all of the MembersExecutive Committee, no Member shall be required or entitled to contribute any other or further capital to the Company, nor shall any Member be required or entitled to loan any funds to the Company. No Member will have any obligation to restore any negative balance in its Capital Account at any time including upon liquidation or dissolution of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Home Co LLC)
