No Obligation to Restore Negative Balances in Capital Account. No Member shall have an obligation, at any time curing the term of the Company or upon its liquidation, to pay to the Company or any other Member or third party an amount equal to any part or all of the negative balance in such Member's Capital Account.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
No Obligation to Restore Negative Balances in Capital Account. No Member shall have an obligation, at any time curing during the term of the Company or upon or following its liquidation, to pay to the Company or any other Member or third party an amount equal to any part or all of the negative balance in such Member's ’s Capital Account.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versity Invest, LLC)
