No Restoration Obligation. Except as otherwise specifically provided in Article 8, nothing contained in this Agreement imposes on any Member an obligation to make a Capital Contribution in order to restore a deficit Capital Account upon Liquidation of the Company. Furthermore, each Member will look solely to the assets of the Company for the return of such Member's Capital Contribution and Capital Account.
Appears in 4 contracts
Samples: Operating Agreement (Grand Palais Riverboat Inc), Operating Agreement (Lakes Gaming Inc), Operating Agreement (Nevada Gold & Casinos Inc)
No Restoration Obligation. Except as otherwise specifically provided in Article 8Section 7.8, nothing contained in this Agreement imposes on any Member an obligation to make a Capital Contribution in order to restore a deficit Capital Account upon Liquidation of the Company. Furthermore, each Member will look solely to the assets of the Company for the return of such Member's ’s Capital Contribution and Capital Account.
Appears in 3 contracts
Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Trackpower Inc), Operating Agreement (Nevada Gold & Casinos Inc)
No Restoration Obligation. Except as otherwise specifically provided in Article 89, nothing contained in this Agreement imposes on any Member an obligation to make a Capital an Additional Contribution in order to restore a deficit Capital Account upon Liquidation of the Company. Furthermore, each Member will look solely to the assets of the Company for the return of such Member's Capital Contribution and Capital Account.
Appears in 2 contracts
Samples: Operating Agreement (Casino America Inc), Operating Agreement (Nevada Gold & Casinos Inc)
No Restoration Obligation. Except as otherwise specifically provided in Article 8Section 7.8, nothing contained in this Agreement imposes on any Member an obligation to make a Capital Contribution in order to restore a deficit Capital Account upon Liquidation of the Company. Furthermore, each Member will look solely to the assets of the Company for the return of such Member's Capital Contribution and Capital Account.
Appears in 1 contract
Samples: Operating Agreement (Trackpower Inc)
No Restoration Obligation. Except as otherwise specifically provided in ------------------------- Article 8, nothing contained in this Agreement imposes on any Member an obligation to make a Capital Contribution in order to restore a deficit Capital Account upon Liquidation of the Company. Furthermore, each Member will look solely to the assets of the Company for the return of such Member's Capital Contribution and Capital Account.
Appears in 1 contract
Samples: Operating Agreement (Isle of Capri Black Hawk Capital Corp)
No Restoration Obligation. Except as otherwise specifically provided in Article 8, nothing contained in this Agreement imposes on any Member an obligation to make a Capital Contribution in order to restore a deficit Capital Account upon Liquidation of the Company. Furthermore, each Member will look solely to the assets of the Company for the return of such Member's ’s Capital Contribution and Capital Account.
Appears in 1 contract
