Repayment of Capital Accounts. Notwithstanding any other provision of this Agreement or applicable law to the contrary, no Member shall be required or obligated to repay to the LLC, any Member or any creditor of the LLC any portion of any deficit balance in such Member’s Capital Account.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.)
Repayment of Capital Accounts. Notwithstanding any other provision of this Operating Agreement or applicable law to the contrary, no Member shall be required or obligated to repay to the LLCCompany, any Member or any creditor of the LLC Company any portion or all of any deficit balance in such Member’s Capital Account.
Appears in 2 contracts
Samples: Operating Agreement (BBX Capital Corp), Operating Agreement (BFC Financial Corp)
