Common use of No Restoration Obligation Clause in Contracts

No Restoration Obligation. Without limiting the generality of Section 3.08, a deficit in the Capital Account of any Partner shall not be deemed to be an asset or property of the Partnership or a liability of such Partner which such Partner is obligated to make up or restore.

Appears in 27 contracts

Samples: Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC)

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No Restoration Obligation. Without limiting the generality of Section 3.08, ,. a deficit in the Capital Account of any Partner shall not be deemed to be an asset or property of the Partnership or a liability of such Partner which such Partner is obligated to make up or restore.

Appears in 1 contract

Samples: Agreement (MPT of West Anaheim, LLC)

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No Restoration Obligation. Without limiting the generality of Section 3.08, . a deficit in the Capital Account of any Partner shall not be deemed to be an asset or property of the Partnership or a liability of such Partner which such Partner is obligated to make up or restore.

Appears in 1 contract

Samples: Agreement (MPT of West Anaheim, LLC)

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