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

No Obligation to Restore Capital Accounts. Except as provided in Section 4.5 and Section 5.1(a)(iii) and as may otherwise be required by law, no Partner whose Capital Account balance is a negative or deficit amount (either during the existence of the Partnership or upon liquidation) shall have any obligation to return any amounts previously distributed to such Partner or to contribute cash or other assets to the Partnership to restore or make up the deficit in such Partner’s impaired Capital Account.

No Obligation to Restore Capital Accounts. Except as provided in Sections 4.1 and 5.8(d), or in the case of unrecouped advances pursuant to Section 4.5 and Section 5.1(a)(iii5.8(b) or as otherwise provided herein and as may otherwise be required by law, no Partner whose Capital Account capital account balance is a negative or deficit amount (either during the existence of the Partnership or upon liquidation) shall have any obligation to return any amounts previously distributed to such Partner or to contribute cash or other assets to the Partnership to restore or make up the deficit in such Partner’s impaired Capital Accountcapital account.

No Obligation to Restore Capital Accounts. Except as provided in Section 4.5 Sections 4.1 and Section 5.1(a)(iii5.8(d) and as may otherwise be required by law, no Partner whose Capital Account capital account balance is a negative or deficit amount (either during the existence of the Partnership or upon liquidation) shall have any obligation to return any amounts previously distributed to such Partner or to contribute cash or other assets to the Partnership to restore or make up the deficit in such Partner’s impaired Capital Accountcapital account.

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 Partner whose Capital Account balance is a negative or deficit amount (either during the existence of the Partnership or upon liquidation) shall have any obligation to return any amounts previously distributed to such Partner or to contribute cash or other assets to the Partnership to restore or make up the deficit in such Partner’s impaired Capital Account; provided, however, that the General Partner shall correct any improper allocation given to any Partner from subsequent distributions made hereunder.