Common use of No Obligation to Contribute Deficit Clause in Contracts

No Obligation to Contribute Deficit. If any Member has a deficit balance in his Capital Account (after giving effect to all contributions, distributions and allocations for all taxable years, including the year during which such liquidation occurs), such Member shall have no obligation to make any contribution to the capital of the Company with respect to such deficit, and such deficit shall not be considered a debt owed to the Company or to any other Person for any purpose whatsoever.

No Obligation to Contribute Deficit. If any Member has a deficit balance in his Capital Account (as defined in Schedule B) (after giving effect to all contributions, distributions and allocations for all taxable years, including the year during which such liquidation dissolution occurs), such Member shall have no obligation to make any contribution to the capital of the Company with respect to such deficit, and such deficit shall not be considered a debt owed to the Company or to any other Person for any purpose whatsoever.