Common use of No Obligation to Restore Capital Accounts Clause in Contracts

No Obligation to Restore Capital Accounts. Except as may otherwise be provided herein or as required by law, no Member whose Capital Account balance is a negative or deficit amount (either during the existence of the Company or upon liquidation) shall have any obligation to return any amounts previously distributed to such Member or to contribute cash or other assets to the Company to restore or make up the deficit in such Member’s impaired Capital Account; provided, however, that the Managing Member shall correct any improper allocation given to any Member from subsequent distribution made hereunder.

No Obligation to Restore Capital Accounts. Except as may otherwise be provided herein or as required by law, no Member whose Capital Account balance is a negative or deficit amount (either during the existence of the Company or upon liquidation) shall have any obligation to return any amounts previously distributed to such Member or to contribute cash or other assets to the Company to restore or make up the deficit in such Member’s impaired Capital Account; provided, however, that the Managing Member shall correct any improper allocation given to any Member from subsequent distribution made hereunder.

No Obligation to Restore Capital Accounts. Except as may otherwise be provided herein or as required by law, no Member whose Capital Account balance is a negative or deficit amount (either during the existence of the Company or upon liquidation) shall have any obligation to return any amounts previously distributed to such Member or to contribute cash or other assets to the Company to restore or make up the deficit in such Member’s impaired Capital Account; provided, however, that the Managing Member shall correct any improper allocation given to any Member from subsequent distribution made hereunder.

No Obligation to Restore Capital Accounts. Except as may otherwise be provided herein or as required by lawapplicable Law, no Member whose Capital Account balance is has a negative or deficit amount (either during the existence of the Company or upon liquidationLiquidation) shall have any obligation to return any amounts previously distributed to such Member or to contribute cash or other assets to the Company to restore or make up the negative amount of, or deficit in in, such Member’s impaired Capital Account; provided, however, that the Managing Member shall correct any improper allocation given to any Member from subsequent distribution made hereunder.

No Obligation to Restore Capital Accounts. Except as may otherwise be provided herein or as required by law, no Member whose Capital Account balance is a negative or deficit amount (either during the existence of the Company or upon liquidation) shall have any obligation to return any amounts previously distributed to such Member or to contribute cash or other assets to the Company to restore or make up the deficit in such Member’s impaired Capital Account; provided, however, provided that the Managing Member shall correct any improper allocation given to any Member from subsequent distribution made hereunderthe Managing Member.

No Obligation to Restore Capital Accounts. Except as provided in Section 4.5 and Section 5.1(a)(iii) and as may otherwise be provided herein or as required by law, no Member whose Capital Account balance is a negative or deficit amount (either during the existence of the Company or upon liquidation) shall have any obligation to return any amounts previously distributed to such Member or to contribute cash or other assets to the Company to restore or make up the deficit in such Member’s impaired Capital Account; provided, however, that the Managing Member shall correct any improper allocation given to any Member from subsequent distribution made hereunder.