No Obligation to Restore Negative Balances in Capital Accounts. No Member shall have an obligation, at any time during 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 the negative balance in such Member’s Capital Account.
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Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Panache Beverage, Inc.), Operating Agreement (Morgans Hotel Group Co.)
No Obligation to Restore Negative Balances in Capital Accounts. No Member shall have an obligation, at any time during the term of the Company or upon its liquidation, to pay to the Company or any other Member or third party Third Party an amount equal to the negative balance in such Member’s Capital Account.
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No Obligation to Restore Negative Balances in Capital Accounts. No Member shall have an obligation, at any time during 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 the with a negative balance in such Member’s Capital AccountAccount shall have any obligation to the Company or the other Members to restore such negative balance.
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