Common use of No Restoration of Deficit Capital Accounts Clause in Contracts

No Restoration of Deficit Capital Accounts. Except as otherwise expressly provided herein, at no time shall a Member with a deficit balance in its Capital Account have any obligation to the Company or to another Member or to any other person to restore such deficit balance.

Appears in 4 contracts

Samples: Operating Agreement, Limited Liability Company Agreement, Operating Agreement (Gallagher Arthur J & Co)

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No Restoration of Deficit Capital Accounts. Except as otherwise expressly provided herein, at no time shall a Member with a deficit balance in its Capital Account capital account have any obligation to the Company or to another Member or to any other person to restore such deficit balance.

Appears in 1 contract

Samples: Operating Agreement (Sidoti & Company, Inc.)

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No Restoration of Deficit Capital Accounts. Except as otherwise expressly provided herein, at no time shall a Member with a deficit balance in its Capital Account capital account have any obligation to the the. Company or to another Member or to any other person to restore such deficit balance.

Appears in 1 contract

Samples: Operating Agreement (Sidoti & Company, Inc.)

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