No Negative Capital Account Obligation. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any Partner who has a negative capital account upon final distribution of all cash and other property of the Partnership be required to restore such negative account to zero.
Appears in 10 contracts
Samples: Limited Partnership Agreement (MI Servicer LP, LLC), Limited Partnership Agreement (MI Servicer LP, LLC), Limited Partnership Agreement (Platinum Security Solutions, Inc.)
No Negative Capital Account Obligation. Notwithstanding any other provision of this Agreement to the contraryAgreement, in no event shall any Partner who has a negative capital account Capital Account upon final distribution of all cash and other property of the Partnership be required to restore such negative account to zero.
Appears in 3 contracts
Samples: Commitment Letter (Central European Distribution Corp), Limited Partnership Agreement (National Tobacco Co Lp), Limited Partnership Agreement (National Tobacco Co Lp)
No Negative Capital Account Obligation. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any Partner who Member if it has a negative capital account upon final distribution of all cash and other property of the Partnership Company be required to restore such negative capital account to zero.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
No Negative Capital Account Obligation. Notwithstanding For the avoidance of doubt and notwithstanding any other provision of this Agreement to the contraryAgreement, in no event shall any Partner who has a negative capital account upon final distribution of all cash and other property of the Partnership be required to restore such negative account to zero; provided that this sentence shall not limit the obligations of Partners to make any payments required under Section 6.02(h), Section 7.01(c) or Section 9.01.
Appears in 2 contracts
Samples: Exempted Limited Partnership Agreement, Limited Partnership Agreement (Skype S.a r.l.)
No Negative Capital Account Obligation. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any Partner who a Member if it has a negative capital account upon final distribution of all cash and other property of the Partnership Company be required to restore such negative capital account to zero.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Goldman Sachs Group Inc/)
