No Restoration of Deficit Capital Accounts. No Member shall be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in any capital or similar account maintained for such Member for any purpose.
Appears in 4 contracts
Samples: Operating Agreement (NextPlay Technologies Inc.), Operating Agreement (Monaker Group, Inc.), Operating Agreement (Amen Properties Inc)
No Restoration of Deficit Capital Accounts. No Except as otherwise expressly provided herein, at no time shall a Member shall be required to pay with a deficit balance in its Capital Account have any obligation to the Company, Company or to any other another Member or to any third party any other person to restore such deficit balance that may exist from time to time in any capital or similar account maintained for such Member for any purposebalance.
Appears in 4 contracts
Samples: Operating Agreement, Limited Liability Company Agreement, Operating Agreement (Gallagher Arthur J & Co)
No Restoration of Deficit Capital Accounts. No Except as otherwise expressly provided herein, at no time shall a Member shall be required with a deficit balance in its capital account have any obligation to pay the. Company or to the Company, to any other another Member or to any third party any other person to restore such deficit balance that may exist from time to time in any capital or similar account maintained for such Member for any purposebalance.
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No Restoration of Deficit Capital Accounts. No Except as otherwise expressly provided herein, at no time shall a Member shall be required to pay with a deficit balance in its capital account have any obligation to the Company, Company or to any other another Member or to any third party any other person to restore such deficit balance that may exist from time to time in any capital or similar account maintained for such Member for any purposebalance.
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