No Restoration of Negative Capital Accounts. Except as required under applicable laws of the State of Delaware, or in respect of any negative balance resulting from a distribution in contravention of this Agreement, at no time shall a Member with a negative balance in his capital account have any obligation to restore such negative balance.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (PanAmSat Satellite HGS 3, Inc.)
No Restoration of Negative Capital Accounts. Except as required under applicable laws of the State of Delaware, or in respect of any negative balance resulting from a distribution in contravention of this Agreement, at no time shall a Member Partner with a negative balance in his capital account its Capital Account have any obligation to the Partnership or to any other Partner to restore such negative balance.
Appears in 1 contract
Samples: Agreement (Calenergy Co Inc)
