Required Capital Contributions. No Member shall have any obligation to make any Capital Contributions to the Company other than as expressly set forth herein. In particular, no Member shall have any obligation to restore (to the Company or to or for the benefit of any creditor of the Company) any deficit balance in its Capital Account at any time, whether on liquidation or otherwise, and such deficit balance shall not be considered a debt owed by such Member to the Company or to any other Person for any purpose whatsoever.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Paulsboro Natural Gas Pipeline Co LLC), Operating Agreement (Sunoco LP), Operating Agreement (Energy Transfer Partners, L.P.)
Required Capital Contributions. No Member shall have any obligation to make any Capital Contributions to the Company other than as expressly set forth herein. In particular, subject to Section 9.2, no Member shall have any obligation to restore (to the Company or to or for the benefit of any creditor of the Company) any deficit balance in its Capital Account at any time, whether on liquidation or otherwise, and such deficit balance shall not be considered a debt owed by such Member to the Company or to any other Person for any purpose whatsoever.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (MSW Energy Hudson LLC), Limited Liability Company Agreement (MSW Energy Finance Co Inc)
Required Capital Contributions. No Member shall have any obligation to make any Capital Contributions to the Company other than as expressly set forth herein. In particular, no Member shall have any obligation to restore (to the Company or to or for the benefit of any creditor of the Company) any deficit balance in its Capital Account at any time, whether on liquidation or otherwise, and such deficit balance shall not be considered a debt owed by such Such Member to the Company or to any other Person for any purpose whatsoever.
Appears in 2 contracts
Samples: LLC Agreement (MSW Energy Hudson LLC), LLC Agreement (Uae Ref Fuel Ii Corp)
Required Capital Contributions. No Member shall have any obligation to make any Capital Contributions to the Company other than as expressly set forth herein. In particular, no Member shall have any obligation to restore (to the Company or to or for the benefit of any creditor of the Company) any deficit balance in its Capital Account at any time, whether on liquidation or otherwise, and such deficit balance shall not be considered a debt owed by such Member to the Company or to any other Person for any purpose whatsoever.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Uae Ref Fuel Ii Corp)
