Common use of No Obligation to Restore Negative Capital Account Clause in Contracts

No Obligation to Restore Negative Capital Account. No Member shall be obligated to restore a negative Capital Account during the term of, or upon dissolution of, the Company.

Appears in 2 contracts

Samples: Transaction Agreement (Nord Anglia Education, Inc.), Transaction Agreement (Nord Anglia Education, Inc.)

AutoNDA by SimpleDocs

No Obligation to Restore Negative Capital Account. No Member shall be obligated to restore a negative Capital Account during the term of, or upon dissolution of, the CompanyAccount.

Appears in 1 contract

Samples: Operating Agreement

AutoNDA by SimpleDocs

No Obligation to Restore Negative Capital Account. No Member shall be obligated to restore a negative Negative Capital Account during the term of, or upon dissolution of, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!