No Obligation to Make Additional Capital Contributions. Except as set forth in Sections 3.1.2 and 3.1.3, no Member will be required to make any additional Capital Contributions or to make loans to the Company, and the Members do not intend that the "deficit restoration obligation" described in Section 1.704-1(b)(2)(ii)(c) of the Treasury Regulations or any successor provision thereto be incorporated into this Agreement.
Appears in 6 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
No Obligation to Make Additional Capital Contributions. Except as set forth in Sections 3.1.2 and 3.1.3, no Member will be required to make any additional Capital Contributions or to make loans to the Company, and the Members do not intend that the "“deficit restoration obligation" ” described in Section 1.704-1.704- 1(b)(2)(ii)(c) of the Treasury Regulations or any successor provision thereto be incorporated into this Agreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
No Obligation to Make Additional Capital Contributions. Except as set forth in Sections 3.1.2 and 3.1.3, . no Member will be required to make any additional Capital Contributions or to make loans to the Company, and the Members do not intend that the "“deficit restoration obligation" ” described in Section 1.704-1(b)(2)(ii)(c) of the Treasury Regulations or any successor provision thereto be incorporated into this Agreement.
Appears in 1 contract
No Obligation to Make Additional Capital Contributions. Except as set forth in Sections 3.1.2 and 3.1.3, . no Member will be required to make any additional Capital Contributions or to make loans to the Company, and the Members do not intend that the "“deficit restoration obligation" ” described in Section 1.704-1.704- 1(b)(2)(ii)(c) of the Treasury Regulations or any successor provision thereto be incorporated into this Agreement.
Appears in 1 contract
