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

No Restoration of Deficit Capital Accounts. No Member shall be required under any circumstances (either during the period of the Company's operation or upon the Company's dissolution and termination) to restore a deficit in such Member's Capital Account or, except as explicitly provided in this Agreement, otherwise make any contribution of cash or property to the Company without such Member's consent, which may be withheld in such Member's sole and absolute discretion.

Appears in 2 contracts

Samples: Operating Agreement (NTS Realty Holdings Lp), Operating Agreement (Texas Roadhouse, Inc.)

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No Restoration of Deficit Capital Accounts. No Member shall be required under any circumstances (either during the period of the Company's ’s operation or upon the Company's ’s dissolution and termination) to restore a deficit in such Member's ’s Capital Account or, except as explicitly provided in this Agreement, otherwise make any contribution of cash or property to the Company without such Member's ’s consent, which may be withheld in such Member's ’s sole and absolute discretion.

Appears in 2 contracts

Samples: Operating Agreement (Sunwin International Neutraceuticals, Inc.), Operating Agreement (Cinergy Corp)

No Restoration of Deficit Capital Accounts. No Member shall be ------------------------------------------ required under any circumstances (either during the period of the Company's operation or upon the Company's dissolution and termination) to restore a deficit in such Member's Capital Account oror otherwise, except as explicitly otherwise specifically provided in this Agreement, otherwise make any contribution of cash or property to the Company without such Member's consent, which may be withheld in such Member's sole and absolute discretion.

Appears in 1 contract

Samples: Operating Agreement (Princess Beverly Coal Holding Co Inc)

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No Restoration of Deficit Capital Accounts. No Member shall be required under any circumstances (either during the period of the Company's ’s operation or upon the Company's ’s dissolution and termination) to restore a deficit in such Member's ’s Capital Account or, except as explicitly provided in this Agreement, or otherwise make any contribution of cash or property to the Company without such Member's ’s consent, which may be withheld in such Member's ’s sole and absolute discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TCH Coal Co)

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