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: Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC)

AutoNDA by SimpleDocs

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: Limited Partnership Agreement (MPT of West Anaheim, LLC)

AutoNDA by SimpleDocs

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: Limited Partnership Agreement (MPT of West Anaheim, LLC)

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