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: Securities Purchase Agreement (Nord Anglia Education, Inc.), Transaction Agreement (Nord Anglia Education, Inc.)

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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

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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

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