No Negative Capital Account Restoration. No Member shall have any obligation whatsoever upon the Liquidation of such Member’s Interest, the Liquidation of the Company or in any other event, to contribute all or any portion of any negative balance standing in such Member’s Capital Account to the Company, to any other Member or to any other Person.
Appears in 15 contracts
Samples: Operating Agreement, Operating Agreement, Limited Liability Company Agreement
No Negative Capital Account Restoration. No In no event shall any Member shall have any obligation whatsoever be required to contribute capital to restore a negative balance in such Member's capital account upon the Liquidation of such Member’s Interest, the Liquidation liquidation of the Company or in such Member's interest, or at any other event, to contribute all or any portion of any negative balance standing in such Member’s Capital Account to the Company, to any other Member or to any other Persontime.
Appears in 1 contract
Samples: Operating Agreement
