Restoration of Deficit Capital Accounts. At no time during the term of the Company shall a Member with a deficit balance in its Capital Account have any obligation to the Company or to another Member or to any other person to restore such deficit balance.
Restoration of Deficit Capital Accounts. A Member with a deficit balance in the Member’s Capital Account after all the allocations and distributions pursuant to ARTICLES IV and V of this Agreement have been made shall not be obligated to contribute property or cash to the Company upon liquidation of the Company (or at any other time) in order to restore such deficit Capital Account balance.
Restoration of Deficit Capital Accounts. Notwithstanding the provisions of Sections 3.2 and 3.3 hereof, upon final liquidation and dissolution of the Joint Venture, or upon liquidation of a Joint Venturer's interest in the Joint Venture pursuant to Section 12.3, in the event that such Joint Venturer's Capital Account has a deficit balance (after taking into account all Capital Account adjustments for the Joint Venture taxable year during which final liquidation and dissolution occurs, other than the adjustment set forth in this Section 12.4.3, such Joint Venturer shall contribute cash to the Joint Venture by the end of such taxable year (or, if later, within ninety (90) days after the date of such liquidation) in an amount equal to the deficit in its Capital Account. This amount shall be paid to creditors of the Joint Venture and/or distributed to the Joint Venturers in accordance with their respective positive Capital Account balances then remaining.
Restoration of Deficit Capital Accounts. Notwithstanding anything in the Trinity Company Agreement to the contrary, if a Liquidating Event has occurred and Trinity is wound up in accordance with Section 11.2, no Trinity Member shall be obligated to make any Capital Contributions to Trinity in respect of a deficit balance in its Capital Account, and such deficit shall not be considered to be a debt owed to Trinity or to any other Person for any purpose whatsoever.
Restoration of Deficit Capital Accounts. Anything herein to the contrary notwithstanding, no Partner shall have any obligation to restore the amount of any negative balance in its Capital Account whether upon dissolution or liquidation of the Joint Venture or otherwise. The negative balance in any Capital Account shall in no event be deemed an asset of the Joint Venture.
Restoration of Deficit Capital Accounts. A Member with a deficit balance in its Capital Account after all the allocations and distributions pursuant to Sections 4 and 5 of this Agreement have been made upon liquidation of the Company or its Membership Interest shall not be obligated to contribute property or cash to the Company in order to restore such deficit Capital Account balance.
