Common use of No Restoration Obligation Clause in Contracts

No Restoration Obligation. Nothing contained in this Agreement imposes on any Member an obligation to make a contribution in order to restore a deficit Capital Account upon Liquidation of the Company.

Appears in 5 contracts

Samples: Operating Agreement, Operating Agreement (Campus Crest Communities, Inc.), Operating Agreement (Campus Crest Communities, Inc.)

AutoNDA by SimpleDocs

No Restoration Obligation. Nothing contained in this Agreement imposes on any Member an obligation to make a contribution Capital Contribution in order to restore a deficit Capital Account capital account upon Liquidation of the Company.

Appears in 2 contracts

Samples: Operating Agreement (McGuirk Terence F), Operating Agreement (Malone John C)

AutoNDA by SimpleDocs

No Restoration Obligation. Nothing contained in this Agreement imposes on any Member an obligation to make a contribution an Additional Capital Contribution in order to restore a deficit Capital Account upon Liquidation of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Healtheon Webmd Corp), Operating Agreement (Healtheon Webmd Corp)

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