No Liability for Return of Capital. (a) The liquidator(s), the Manager Member and their respective officers, directors, agents, partners and Affiliates shall not be personally liable for the return of the capital contributions of any Member. No Member (other than the Managing Member, to the extent required by Section 11.4(b)) shall be liable to restore to the Company any deficit balance in such Member's Capital Account if any such deficit should exist after the Company's final liquidating distribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Conning Corp), Limited Liability Company Agreement (Conning Corp), Limited Liability Company Agreement (Conning Corp)
No Liability for Return of Capital. (a) The liquidator(s), the Manager Managing Member and their respective officers, directors, agents, partners partners, members and Affiliates shall not be personally liable for the return of the capital contributions of any MemberMember to the Company. No Member (other than Neither the Managing Member, to Member nor the extent required by Section 11.4(b)) Class A Member shall be liable obligated to restore to the Company any deficit balance in amount with respect to a negative Capital Account; PROVIDED, HOWEVER, that the foregoing shall not affect the obligation of any Member to make such Member's Capital Account if any such deficit should exist after agreed upon capital contributions to the Company's final liquidating distribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Gc Companies Inc)
